Cypto trading platform Uphold is one of the first major exchanges to announce support for the XRP-Spark airdrop. Uphold will distribute Flare Network’s new token Spark to holders of Ripple’s native cryptocurrency.
The company says it’s decided to support the airdrop in response to high demand from XRP investors.
After fervent public commentary: we’re delighted to announce that Uphold is supporting the Spark Token Airdrop. You'll receive Spark Tokens on a 1:1 basis to the amount of XRP you hold on December 12, 2020 – the 'snapshot' date.
— Uphold (@UpholdInc) September 2, 2020
Flare says it’s gearing up to hand out a total of 45 billion Spark tokens to all XRP holders, except Ripple and some of the startup’s former employees. Within six days of the announcement, more than 5,400 XRP holders set up their XRPL accounts to claim their free tokens.
Flare says the tokens will be distributed to XRP investors who self custody and those who keep their holdings in exchanges that support the Spark distribution.
“?If you are a customer of a supporting exchange, then your exchange has indicated publicly that they will distribute Spark tokens pro-rata to their customers based on their XRP holdings.”
The blockchain firm says XRP holders whose exchange does not support the airdrop should move to a supporting exchange or self custody before the snapshot date.
[adinserter block="1"]Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock[artist’s name]
