Visit the Flare Network Airdrop announcement page, and read carefully.Step-by-Step Guide ''Flare Network Airdrop Fork'' It is the native digital asset on the XRP Ledger, an open-source, permissionless and decentralized blockchain technology that can confirm transactions through a unique “ consensus” mechanism that consumes negligible energy. XRP is a digital asset built for payments.
Xrp airdrop series#
This relies on three components: Spark used as collateral, Spark used to contribute to the Flare Time Series Oracle providing on-chain data estimates and Spark used as a participation token in governance schemes. The Spark Dependant Application model provides a blueprint for building applications on the Flare Network. The absence of a link between network safety and the native token, the Spark, allows for greater flexibility as to how the native token can be used. It can thus be leveraged as a scaling method for smart contract networks without relying on economic safety mechanisms. These are Jed McCaleb and accounts that are known to have received XRP as a result of fraud, theft and scams. A 1 Bn XRP cap is set on any group of XRP accounts known to belong to the same individual.įlare Network is a distributed network running the Avalanche consensus protocol adapted to Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine. There are a few groups that are completely excluded from the distribution. This may result in valid claimants receiving more than 1 Spark token for each XRPtoken that they hold. Funds received by us in relation to cryptocurrency transactions will not be safeguarded (under the UK Electronic Money Regulations 2011).Flare Network Airdrop Fork is worth 45 Billion Spark tokens ( FLR) that will be distributed to Ripple ( XRP) holders who set their accounts to receive the Spark token (FLR) in their XRP Ledger (XRPL) accounts. Revolut’s cryptocurrency service is unregulated. We’ll also let you know in advance if we plan to make any additions to the cryptocurrencies we support. We’ll keep you updated with details of how the distribution of tokens will take place once the Flare Network goes live. Until that time you won't be able to view, buy, or sell Spark tokens in your Revolut App. Our default position is we will not list any asset until it has passed Revolut’s Crypto asset selection process and other required regulatory/legal checks. Supporting the airdrop does not mean that Revolut will list Spark token as a tradable asset in future. There’s always extreme uncertainty around events like this. Number of Spark tokens for User X = (Number of XRP tokens held by user X at snapshot / Total XRP held by Revolut at Snapshot) * Total Spark tokens received by Revolut during the Airdrop The number of Spark tokens for each user that holds XRP at the snapshot time will be calculated as: If you are holding any XRP tokens on your Revolut account at midnight UTC on 12th December 2020, you will be eligible to receive Spark tokens in the future.
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What is the Flare Network and Spark tokens? What is an Airdrop?Īn airdrop is a distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses that is a way of gaining attention and new followers. Following the news that all our crypto partners are supporting the airdrop, Revolut is also able to provide support. Flare Network is planning a Spark token airdrop for all holders of XRP tokens.