- Ripple and the Flare Networks Have Been Working Together to See to the Successful Launch and Implementation of the Spark Token
- NDAX Becomes the First Canadian-based Cryptocurrency Exchange to List the Newly Launched Spark Tokens Ahead of the Airdrop
- Spark Token’s Success Will Promote the Adoption of XRP
Ripple News Today – The XRP community has been excited about the Spark token airdrop for weeks. Even if a date hasn’t been set for this airdrop, it is going to happen sometime this year. Flare Networks confirmed that the snapshot that precedes the airdrop is going to take place in December, the airdrop will follow days or a week after. In our Ripple News earlier this week, we noted that the XRP community members have set aside 1.1 billion XRP tokens, a number that will increase before the airdrop starts. The airdrop is expected to be in a ratio of one XRP to one Spark token. So, the more XRP tokens you have, the more Spark tokens you will receive. Many exchanges have announced support for the airdrop but NDAX is the first Canadian exchange to support the airdrop.
Ripple News Today – What a Successful Spark Airdrop Mean for XRP?
Flare Networks created the Spark token as part of its larger project to make the XRP network smart contract compatible by creating a bridge between the XRP Ledger and Ethereum. The Spark token is considered a fork of XRP and it might be just what XRP needs to regain its trust in the eyes of the cryptocurrency community. The token might not directly influence the price of the XRP token but it is already increasing in popularity. The more popular the XRP token is, the higher the chances of adoption.
XRP (XRP) Price Today – XRP / USD
The date for the Spark token snapshot is 12th December 2020. This is the birthday of Martha Coston, the renowned inventor of the 19th century. Since NDAX has announced support for the Spark token airdrop, all registered users of the exchange who have XRP tokens in their wallets will receive the token directly. This is a big deal since NDAX is regulated by FINTRAC, a key financial regulator in Canada. They have been active since 2014 and they still keep expanding. You don’t need to worry about security as the platform is fully secure. In 2019, they partnered with Ledger Vault. The partnership allowed them to offer more security to their clients.
A few days ago, the Australian-based exchange, Coinspot, announced that they’ve joined the group of exchanges that support the distribution of the Spark token. With leading exchanges like Coinbase and Binance taking the lead in support for the Spark airdrop, the event promises to be the best this year. If you’re not a Ripple executive, you can participate in the airdrop.