27 November 2020 - Flare Network's Spark Token Airdrop
Cointree is excited to announce that we will be supporting the Flare Network's 'Spark' Token airdrop to XRP holders. You can find more details about the Spark token and the Flare Network here.
As per the Flare Network's statement, the "Snapshot" of XRP holders' wallets on our exchange will be taken on Snapshot date: 12/12/20, "specifically the first finalised XRP Ledger on Dec 12 using UTC time. This date fixes all the XRP balances to each account. The amount of Spark you can claim depends ONLY on your XRP balance at the time of the snapshot." XRP holders on our exchange do not need to do anything to claim eligibility for the Spark token.
The actual distribution or 'airdrop' of the Spark (FLR) tokens occur when the Flare Network goes live. This is expected to be in the first half of 2021.
For further information regarding the specifics of how the distribution will be coordinated, please click here.
Please reach out to our support team if you have any questions.
The Cointree Team