Crypto Platform Uphold Reveals Support For XRP-Spark Airdrop
Ripple continues to make headlines despite the global crisis and the economic problems that the US and the whole world are going through.
Ripple has been making massive efforts to boost the XRP ecosystem, but also to push the mainstream adoption of the digital asset XRP.
It’s been recently revealed that the firm Flare Network which is backed by the company, said that it plans to distribute its new token, Spark, based on a snapshot of the XRP Ledger.
XRP investors, excepting Ripple, will get the ability to claim one free Spark token for each XRP that they are holding on December 12th – this is the day when the snapshot is scheduled.
With Spark, users will be able to generate returns by using their coins in order to issue and redeem FXRP tokens which are the gas that is running smart contracts on Flare.
Uphold announces support for the XRP-Spark airdrop
Crypto trading platform Uphold is one of the first important exchanges that announces support for the XRP-Spark airdrop.
It’s been revealed that Uphold will be distributing the new token Spark to holders of XRP.
After fervent public commentary: we’re delighted to announce that Uphold is supporting the Spark Token Airdrop. You’ll receive Spark Tokens on a 1:1 basis to the amount of XRP you hold on December 12, 2020 – the ‘snapshot’ date.
— Uphold (@UpholdInc) September 2, 2020
It’s also important to mention the fact that Flare says the tokens will be distributed to XRP investors who self custody and to the ones who keep their holdings in exchanges that support the Spark distribution.
“If you are a customer of a supporting exchange, then your exchange has indicated publicly that they will distribute Spark tokens pro-rata to their customers based on their XRP holdings.”
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Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.