The XRP holders can be prepared to claim the spark tokens in an airdrop that will take place on December 12th by the Flare Networks platform.
A news article on Fxstreet claimed that the Flare platform plans an airdrop where they provide spark tokens for XRP holders. This is a protocol designed for finding solutions for a few inherent problems that are part of the Proof of Stake consensus algorithm.
Spark is the native token of the Flare Network. It wants to bring about a system where the Ethereum-like functionality is brought to the XRP Ledger. The spark token is one of the main pillar of the network platform and will airdrop to the XRP holders on December 12th.
Anybody having the XRP can claim the token. The Flare platform will use a protocol called FXRP for making sure that issuance and redemption of XRP happens. The process should take place on the Flare network.
Users will want to know that there will be close to 45 billion spark tokens available at the ratio that is proportional to the XRP balance. MackAttack XRP, who is a Ripple XRP investor, tweeted on the development.
Users will be glad to know that significant exchanges are supporting the airdrop. A few of them include Binance, Huobi, Bitstamp, and eToro. Coinbase wants to lend its support to the spark token airdrop.
The XRP is up more than 10% in the last 24 hours. Crystal Yang, who is the spokesperson for Coinbase, said that they want to give their support for new networks in these kinds of projects. They want other firms to enjoy steady growth in the crypto market.
The list of the exchanges is available on their platform. When the exchange supports your airdrop, users need to hold XRP coins. It has to be done at a time that is more than or equal to 00:00 GMT before December 12th.
Besides, users need to have a non-custodial Ethereum address like MetaMask or MyEtherWallet.