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Smart contract startup Flare says some XRP investors will need to take action to ensure they receive their fair share of the next Spark token airdrop.
Flare is expanding the use case of the fourth largest cryptocurrency by allowing users to run smart contracts on XRP.
The new Spark ecosystem resource is a governance token that will also be used as collateral to redeem resources in the Flare ecosystem.
According to the Ripple partner, crypto investors who register their XRP in an eligible account will receive free Spark tokens in a 1: 1 ratio when the blockchain company holds the “snapshot” day on December 12.
But to make sure they get their fair share, Flare He says Potential recipients who hold their cryptocurrency in exchanges will need to ensure that their exchange supports the airdrop.
“If you wish to claim the Spark FLR and your XRP is in a non-support exchange, you MUST move it to self-enclosure or a support exchange BEFORE (preferably well before) 12/12/20 …
If you are moving it for self-reliance, you have until June 11, 2021 to request “.
To date, Flare says 42 cryptocurrency exchanges and custodianship platforms are supporting the airdrop. You can check out a full list of support platforms here.
Disclaimer: Opinions expressed in The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trading are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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