Important information regarding the upcoming Flare Network Spark airdrop.
CoinSpot will be supporting the distribution of Spark to users holding XRP.
The snapshot is due to occur on December 12 at approximately 11am AEDT, with the Airdrop date to be confirmed. The entire process will be handled by CoinSpot.
CoinSpot will suspend XRP deposits and withdrawals on 12/12/2020 at approximately 10:30am AEDT to allow for the snapshot. Please ensure that you leave sufficient time for your XRP transfers to be processed. Trading will be unaffected.
We will calculate the amount of SPARK to distribute to holders of XRP, based on the amount of XRP held by each user at the time of the snapshot and the total SPARK CoinSpot receives.Flare Network have confirmed that a portion of the claimable Spark will be received by holders at network launch. Whilst the remaining Spark will be distributed over a minimum of 25 months and a maximum of 34 months. Specific distribution dates and ratios are yet to be provided by the Flare Network team.
There’s always uncertainty around events like this, however CoinSpot will distribute all Spark tokens we receive amongst users holding XRP. We’ll keep you updated with details of how the distribution of tokens will take place once the Flare Network goes live.
You can find more information regarding the airdrop from Flare Network below;
Claiming Spark FAQ's
Further Information on The Spark Token Distribution