The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Investors Register 1,500,000,000 XRP to Receive Flare’s Smart Contract Tokens – Here’s How to Prepare

by Daily Hodl Staff
September 29, 2020
in Ripple and XRP

Ripple-backed Flare Networks continues to witness a big response as crypto investors line up and register 1.5 billion XRP.

XRP holders have set up 24,261 accounts with a total balance of 1.5 billion XRP in an effort to get their hands on Flare’s governance token, Spark, at no cost.

#XRPCommunity UPDATE ?#SPARK ?

~ 24.261 accounts set up the claim
~1.5 billion #XRP balance

88.7 Million #XRP holdings increased and 6522 new #XRP accounts have been created.

?@FlareNetworks? pic.twitter.com/lYc7LYpcvG

— Ronald (@ronaldonline777) September 28, 2020

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 12th. Recipients will retain ownership of their XRP holdings while receiving the new tokens.

Flare is expanding the use case of the fourth-largest cryptocurrency by allowing users to run smart contracts on XRP. More than just a governance token, users can also leverage Spark as collateral to redeem assets in Flare’s ecosystem.

Four major crypto exchanges have already announced their support for the Spark airdrop. Users holding XRP in Uphold, Gatehub, AnchorUSD, and Bitrue can expect the delivery of the new crypto asset.

Meanwhile, those who self-custody or store their XRP in a non-participating exchange can still snag Spark. In a Coil post, XRPL Labs founder Wietse Wind says that XRP ledger account holders must have a private and key account for Flare. Wind notes that all account holders should prove ownership to be eligible.

“XRP ledger account holders will prove account ownership by signing a reference, pointing at their account on the Flare network. This reference will be stored in a ‘MessageKey’ field on the account level on the XRP ledger.

This means your ‘r…’ account address on the XRP ledger will point at your own ‘0x…’ account on the Flare network…

[Flare] will read all XRP ledger accounts pointing at Flare network accounts, check their balance and distribute an equal amount of Spark tokens to the Flare network account pointed at in the XRP ledger account.”

Check Latest News Headlines


 
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 loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Ocelia_MG

Submit a Press Release

Industry Announcements

  • Huobi Set To Launch Trading Service in Hong Kong
    May 26, 2023
  • Stably Launches #USD As the First BRC20 Stablecoin on the Bitcoin Network
    May 25, 2023
  • The Open Network (TON) Unveils DeFi and Data Analytics Hackathon in Collaboration With DWF Labs and Amazon Web Services
    May 25, 2023
  • Ankr Partners With Mirage To Revolutionize the Web 3.0 Gaming Landscape
    May 25, 2023
  • Tulipart.com Launches a Collection of Tulip NFTs Minted Daily Over Seven Years
    May 24, 2023
  • Binance Futures Grand Tournament Returns
    May 24, 2023
  • TRON Collaborates With Nansen To Deliver In-Depth Insights From Blockchain Activity
    May 23, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,878.47
$27,878.47
2.4%
Ethereum
$1,897.92
$1,897.92
2.72%
Cardano
$0.378739
$0.378739
2.33%
XRP
$0.480566
$0.480566
1.54%
Dogecoin
$0.073198
$0.073198
1.03%

Spotlight

  • ChatGPT Creator’s Eye-Scanning Crypto Project Secures $115,000,000 in Series C Funding Round
    May 26, 2023
  • Gaming Represents the ‘Largest Scale Opportunity’ for Crypto, Says Polygon (MATIC) Co-Founder
    May 26, 2023
  • Top Crypto Analyst Spots ‘Moment of Truth’ for Ethereum (ETH), Highlights Bitcoin’s (BTC) Next Big Move
    May 26, 2023
  • Analyst Who Called 2022 Crypto Bottom Says Current Bitcoin Price Action Has Him Excited – Here’s Why
    May 26, 2023
Coinfest Asia Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl