The distribution for Spark tokens is currently set to happen in the first half of 2021 and this is subject to change at Flare’s discretion. 📌 When will Spark tokens be distributed? It includes your current active balance and those tokens that are involved in trading ( In orders). When making a snapshot, we will consider your Total XRP balance on CEX.IO. XRP tokens that are pending deposit or withdrawal at the time of the snapshot will not count towards your XRP balance. When planning your XRP deposits and withdrawals, ensure you leave sufficient time to complete them before the suspension ( December 11, 2020, at 10:00 PM (UTC ). If you want to participate in the Spark airdrop, make sure you have XRP on your CEX.IO balance before we make a snapshot.

Should we decide to list SPARK on CEX.IO, we’ll make an additional announcement. We will subject the SPARK token to our standard listing process review. We kindly pay your attention that the support of this airdrop does not guarantee the listing of SPARK at CEX.IO. We’ll announce the distribution additionally in our official channels. Once the project completes the SPARK token distribution CEX.IO will credit SPARK tokens to all eligible XRP holders. XRP trading on CEX.IO and on CEX.IO Broker will not be affected.An hour after the snapshot we’ll enable deposits and withdrawals back.We will then take a snapshot of all XRP tokens held by CEX.IO users on December 12, 2020, at 00:00 AM (UTC).XRP deposits and withdrawals will be suspended starting from December 11, 2020, at 10:00 PM (UTC).To participate in the tokens distribution, you just need to to-up your CEX.IO account with some XRP.ĬEX.IO team will handle the airdrop preparation as follows: Later, when the Airdrop occurs, the SPARK tokens will be sent to XRP holders at a ratio of approximately 1:1. On December 12, 2020, a snapshot of all XRP accounts will be taken to decide how many tokens each XPR holder will receive. To promote a new consensus protocol, Flare had announced the launch of more than 45 billion Spark (FLR) tokens airdrop. Other use cases of the token include collateral within applications, a contributor to an oracle, and governance on the Flare network.

It is primarily used to control spam in the network. Spark is the native token of the Flare network. This consensus protocol will enable advanced smart contracts to run on the XRP Ledger using the Ethereum Virtual Machine (EVM). ℹ️ About Flare network and Spark (SPARK) tokenįlare Networks is a smart contract utility fork of Ripple. First, we will conduct careful due diligence of the token to check whether it meets our strict listing policy requirements and then make a decision on the listing.Īs soon as we receive any updates regarding Spark (FLR) airdrop, we’ll inform you additionally in this post and our social media channels. We’d like to emphasize that the listing of the Spark (FLR) token on CEX.IO is not guaranteed. It allows discovering the price fluctuations before the project mainnet goes live and gives the right to receive tokens once the network launches. In cryptocurrency, an IOU is a token representing the same value as the underlying asset. The IOU stands for “I owe you”, it’s a document that confirms a debt one party owes to another. Some crypto exchanges launched trading of Spark IOU token (XFLR), which is not the same as actually FLR token. There is no info about the market data of Spark (FLR) at since the FRL trading has not started at any platforms yet.

What we are aware of is that the project has changed the token ticker - it’s now FLR instead of the previous SPARK. Since we’re receiving a lot of customer queries as to SPARK airdrop updates, we’d like to inform you about the current state of things on this matter.Īs for now, we haven’t received any news about the date of Spark tokens distribution, or further plans from the project’s team.

We will stop the XRP deposits and withdrawals before that, on December 11. Plan your trading activity accordingly! To participate in SPARK token distribution CEX.IO will make a snapshot of all XRP balances on December 12, 2020. Responding to numerous customers’ requests, we would like to inform you that CEX.IO will support the upcoming Spark (SPARK) Airdrop Program for Ripple (XRP) holders.

When will spark tokens be distributed