There is a huge frenzy in the cryptocurrency world, particularly about the park Airdrop tokens that are planned to be issued to all Ripple (XRP) holders.
The fork which will take place by next year. This will XRP holders getting 1 FXRP token for every XRP they own in their wallet on participating exchanges.
However, the cut off time for qualification is
Some of the biggest exchanges that confirmed the XRP airdrop support:
Not yet confirmed exchanges
These exchanges have not yet confirmed the airdrop or are not supporting the XRP airdrop:
- Coinbase (they’re probably not going to support the airdrop)
What is Flare Networks?
Flare Networks is a project from Ripple’s investment division Xpring, tasked with introducing smart contract functionality on the XRPL distributed ledger. In particular, Flare Networks will airdrop Spark token to XRP holders at a 1: 1 ratio. It is known that Spark will be used for network administration and other purposes. To operate a smart contract, it is necessary to issue FXRP (same value as XRP) – and this token is issued through Spark as collateral.
A snapshot of accounts receiving the airdrop will be taken on December 12, 2020. Therefore, we still have plenty of time to prepare before the official announcement.