Specific distribution dates and ratios are yet to be provided by the Flare Network team. Based on the fact they have given their customers literally every forked token they were expected to. XRP ledger account holders will need an account (private key & account) for the Flare network. The basic premise if you’ll need to prove your ownership of an ETH address to get the Spark tokens airdropped to you based on your XRP balance on the XRP Legder. What is Spark Token? Take an Ethereum address you own, or create one, this starts with “0x…” and then has 40 a-f character/0-9 numbers. The Americans seem to be having trouble finding a safe landing zone.. New comments cannot be posted and votes cannot be cast. A Netherland-based XRP developer, Wietse Wind, tweeted on 4th October about a trending scam that lures XRP holders into sending their tokens to a fake tool to claim free Spark tokens. How Scammers Are Fooling XRP Holders Presently, XRP holders can set up their accounts to claim the native token of Flare Networks. Spark tokens will be distributed at a moment that is still to be announced by the Flare team on the Flare network, based on the amount of XRP owned on the XRP ledger. The process for claiming Spark tokens will differ depending on which wallet an investor is holding their XRP in. Touch the [•••] icon -> [Claim Spark]. Most major wallets have posted guides about how their users can claim their Flare tokens. How XRP holders are getting fooled by scammers 4. Here's the current list of supporting exchanges: The Reliable Way For Claiming Spark Tokens XRP token holders can use their self-custody wallets for participating in the Airdrop, however, most of the top cryptocurrency exchanges like Binance, Bitstamp, Coinbase, etc. Claiming is just creating a hash of your eth address and adding it to the message key field in your XRPL account. Flare is compatible with Ethereum smart contracts and applications. At the end of the claim period, all unclaimed Spark tokens will be burned. This could be a great trade opportunity if the cryptoverse is going to buy XRP before the snapshot. Going by Wietse Wind’s account, the people that are managing Flare Network will soon launch their network, followed by the distribution of the native Spark token.. Once I go to acccount properties and update it just gets stuck in forever loop with no signing message on my ledger. Wietse Wind created a tool for those who have Xumm wallet (with step by step instructions here) which is slightly easier to use. We will post a further announcement once the distribution is completed. Wietse Wind, a Netherlands-based XRPL developer, has issued a warning in an Oct. 4 tweet about a phishing scam that tricks XRP holders into sending their tokens to a fake tool for claiming Spark (FXRP) tokens. These are the steps: Take an Ethereum address you own, or create one, this starts with “0x…” and then has 40 … Once the tokens are distributed, please complete the following: Point MetaMask at the Flare mainnet, instead of the Ethereum mainnet. The basic premise if you’ll need to prove your ownership of an ETH address to get the Spark tokens airdropped to you based on your XRP balance on the XRP Legder. Moreover, Coinbase recently announced it is ready for the process. Users with eg. Spark tokens will be distributed at a moment that is still to be announced by the Flare team on the Flare network, based on the amount of XRP owned on the XRP ledger. I take a snapshot of my xrp from each of my portfolios and then send them where? Claiming your Spark (FLR) Tokens In order to claim your Flare tokens, you do not need to perform any actions. I know this is to actually be able to send/receive stuff, but the only key I have is secret so I'm assuming it's a no no to input that. Claiming Spark for GateHub Users The flare account is just an ETH address at this point, right? The Spark token is native to Flare Networks, which is a smart contract platform based on the Ripple (XRP) blockchain.. I'm guessing Coinbase will eventually give us our tokens. To claim Spark you must do this by 6 months of the snapshot date. Binance will also be disabling XRP deposits/withdrawals on December 11th which means anyone who wishes to participate this way must ensure their XRP is on there in time. The airdrop is likely to be conducted at a ratio of 1:1, with 45 billion Spark tokens eventually apportioned to the qualifying addresses based on their holdings. This reference will be stored in a "MessageKey" field on the account level on the XRP ledger. 1000 XRP in their own account on the XRP ledger will then own 1000 Spark in their other account on the Flare network. This means your "r..." account address on the XRP ledger will point at your own "0x..." account on the Flare network. Havent touched my ledger since start of 2018' . Claiming Spark token will be available to all XRP holders on the XRPL and users of custodial exchanges that support the distribution. 5. The founder of XRP Labs, Wietse Wind, called on the XRP community a few days ago to prepare for claiming the Spark token, the native token of the Flare Network. A total of 45 billion Spark tokens are available to be claimed, which will be distributed to XRP holders who hold their XRP at certain exchanges or in a self-custody wallet such as the Ledger hardware wallet, or in any private wallet where the mnemonic seed phrases are generated by the user. Flare Networks is attempting to introduce Ethereum-like functionality to XRP Ledger. Will they be directly deposited into the account we have on the trading platforms listed above? 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