{"id":564805,"date":"2020-12-01T15:15:35","date_gmt":"2020-12-01T12:15:35","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564805"},"modified":"2020-12-06T16:36:47","modified_gmt":"2020-12-06T13:36:47","slug":"how-to-prep-your-xrp-for-the-flare-networks-spark-token-flr-airdrop","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/how-to-prep-your-xrp-for-the-flare-networks-spark-token-flr-airdrop\/","title":{"rendered":"How to Prep. Your XRP for the Flare Networks Spark Token (FLR) Airdrop"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n The XRP community<\/a> is getting ready for the Flare Networks snapshot that will happen on the 12th of December at 00:00 UTC. The snapshot is meant to record the XRP holdings of individuals who want to participate in the subsequent airdrop of Spark Tokens (FLR) that will take place between March and May of 2021.<\/p>\n A total of 100 Billion Spark Tokens (FLR) will be created with 45 Billion claimable by XRP token holders excluding known Ripple labs accounts<\/a>.<\/p>\n There are three methods of participating in the Flare Networks snapshot on the 12th of December.<\/p>\n The easiest way of participating in the Flare Networks snapshot is depositing and\/or holding your XRP in a crypto exchange that supports the snapshot. All the complex technical procedures will be carried out by the crypto exchange.<\/p>\n It is advisable to deposit your XRP 48 hours before the event (10th December) as most exchanges will halt withdrawals and deposits on the 11th of December.<\/p>\n At the time of writing, the following exchanges have confirmed their support for the Flare Networks snapshot. The list is constantly being updated on the Flare Networks website<\/a>.<\/p>\n AltCoinTrader, AnchorUSD, Aprobit, Binance<\/a>, bit4you, Big.One, BitBay, bitbns, Bitfinex, Bithumb, bitkub, bitrue, Bitso, Bitstamp, BKEX, BTC markets, BTSE, Celsius, Coinbit, CoinEx, Coinfield, CoinMerce, Coinone, CoinSpot, Colodax, Crypto.com, eToro, eToroX, FobleGate, Gate.io, GateHub, GOPAX, IndoDax, Kraken, korbit, KuCoin<\/a>, Liquid, MiraiEx, NDAX.IO, NEXO, Poloniex, Probit, SWYFTX, Tokens.net, UpBit, Uphold, Vebitcoin, WazirX, YouHodler.com, ZB.com<\/p><\/blockquote>\n To note is that Coinbase is yet to confirm its participation<\/strong> in the event. Therefore, it might be prudent to move your funds to a crypto exchange supporting the event.<\/p>\n UPDATE:<\/strong><\/em> Coinbase has announced<\/a> that it will support the Flare Networks snapshot. However, the distribution of the Spark Tokens (FLR) will depend on the laws governing each jurisdiction.<\/p>\n The second method you can participate in the Flare Networks snapshot is to have your XRP in a wallet that supports the event. Additional steps will be needed to claim your Spark Tokens.<\/p>\n Below is a list of crypto wallets that have confirmed their support for the snapshot. A full list is also available on the Flare Networks website<\/a>.<\/p>\n Cobo Wallet, Exodus, Guarda, Ledger, XUMM, DCENT, Ellipal, Gatehub, SafePal, MetaMask (for those willing to manually carry out the procedure)<\/p><\/blockquote>\n To receive the Spark Tokens, you will need to prove that you own an Ethereum Wallet where your Spark Tokens will be airdropped. Once you have an Ethereum wallet that you hold the secret key, you will need to follow the steps below.<\/p>\n If you want to convert your Ethereum address manually without the toolkit, the following steps<\/a> will be required.<\/p>\n The last way to participate in the Flare Networks snapshot is not that much different from when claiming with a crypto wallet that supports the event. You will need to set the Message Key on your XRP ledger address to your Flare Address as demonstrated above. The deadline for doing so, is June 11th, 2021.<\/p>\n\n
How to Participate in the Flare Networks Snapshot<\/h2>\n
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Holding your XRP in a Crypto Exchange that Supports the Snapshot<\/h2>\n
Holding your XRP in a Wallet that Supports the Snapshot<\/h2>\n
Additional Steps When Using a Crypto Wallet<\/h2>\n
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Self Custody Claim<\/h2>\n
More on Flare Networks<\/h2>\n