Spark Token to Ripple (XRP) Owners...

On December 11, the amount of SPARK (FLR) to be distributed to investors holding Ripple (XRP) tokens has been announced.

SPARK (FLR) is the Flare Network's own crypto unit, a new protocol that aims to bring decentralized finance to the XRP ecosystem.

Flare Networks CEO and co-founder Hugo Philion said that the December 11 snapshot will be distributed to all eligible participants of the total 45,827,728,412 SPARK (FLR) airdrops. It means it will be distributed at the rate of 1 XRP = 1.0073 SPARK (FLR).

About 45 billion tokens make up about 45% of the total FLR supply and will be distributed when the company launches the mainnet next year. The aim is to increase the use cases of XRP by increasing interoperability with other ecosystems.

The top 50 exchanges worldwide, including Coinbase, Binance, as well as wallet providers such as Ledger have joined the airdrop and will give XRP holders the corresponding amount of tokens in FLR without any further effort from users.

Investors who held XRP on this date should follow the SPARK (FLR) token.