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- XRP’s fork, Flare, confirms that it is in talks with Binance and Kraken to support the Spark token airdrop.
- 18 exchanges and wallets support the Spark airdrop and at least 5 are considering supporting its distribution.
XRP holders can have two new exchanges to receive the Spark token from Flare Networks. Via Twitter Flare, also known as “the first XRP fork”, answered a user’s question about the new partnerships for the Spark airdrop.
According to Flare’s response, they are in talks with the Kraken, Binance and Binance US exchanges. However, nothing is confirmed yet. In that case, the larger platforms would be supporting the Spark token airdrop. A snapshot of the accounts receiving the airdrop will be taken on December 12 this year. Therefore, there is still time to make an official announcement. The token will be distributed in a 1: 1 ratio with the XRP digital asset.
Support is not confirmed but Flare is in conversation with @crazyfx & @binance & @BinanceUS @cz_binance https://t.co/NGJLdpdMZZ
– Flare (@FlareNetworks) October 17, 2020
CoinGecko data indicates that Binance’s 24-hour trading volume was approximately $ 1.4 billion with 830 trading pairs listed and 32 million visits to their website. This places it in first place among the major exchanges followed by Coinbase Pro and Kraken. The latter with a daily trading volume of $ 108 million.
Which exchanges support the distribution of Spark?
At the time of publication, a total of 18 institutions and portfolios support the Spark airdrop. Among the exchanges are: Poloniex, Uphold, NDAX, bitrue, GateHub, AnchorU $ D, btcmarkets, CoinSpot. Among the portfolios: Ledger, Xumm and Exodus are the most important. In response to rumors of an alleged withdrawal of support for Spark, Poloniex and Uphold have reconfirmed their support.
The CEO of @UpholdInc @JpThieriot reconfirmed that Uphold will fully support the Spark distribution.
– Flare (@FlareNetworks) October 15, 2020
On the other hand, at least 5 exchanges are considering the distribution of Spark, in addition to Binance and Kraken. Ripple’s partner SBI, bitibank, eToro and Nexo have also confirmed they are considering supporting the airdrop. Nexo declared:
Please note that we are currently in active communication with the Flare Network CEO. Also, as announced in another tweet, the snapshot of the XRP ledger for the Spark distribution will be taken on December 12, 2020.
As reported by CNF, Flare Networks is a blockchain project funded by Ripple’s investment arm, Xpring. So far more than 15,000 accounts with nearly 1 billion XRPs have taken the necessary steps to participate in the airdrop. To participate in the airdrop, you need to use a tool from XRP Labs founder Wietse Wind for XUMM and XRPToolkit. Below is a simplified tutorial on how to participate in token distribution, shared by Flare Networks.
Registration a @FlareNetworks $ SPARK Token distribution is SIMPLE !!!
A quick demo to show what we mean by this in @DCENTwallets.
Discovery Tab -> Spark Distribution -> Select XRP Account -> Transaction Signature -> DONE! pic.twitter.com/nMYZw7bAOn
– D’CENT Wallet (@DCENTwallets) October 16, 2020
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