The process of free distribution and airdrop for distributing the cryptocurrency “Spark” to XRP holders.

And for those who ask about whether it is possible to get the free distribution of the digital currency “Spark” now, the time for distribution has ended on December 12th.

As for those who participated in the airdrop and are waiting to receive the Spark coin, in the following we will answer many of the questions related to the recent free distribution.

What has been confirmed so far:

After the free distribution process, the acquisition of Spark cryptocurrency may take a few months to complete.

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Currently, there are some rumors about another secondary airdrop coming later.

But so far, nothing is confirmed or issued by an official body.

The free “Spark” cryptocurrency distribution will be distributed to XRP holders at a 1:1 ratio.

While Ethereum users receive airdrops on a regular basis, the situation is quite different for all other ecosystems.

With the Flare Network snapshot of distribution now complete, the foundation for this free download and distribution is now almost complete.

Many followers and participants in the free distribution of Spark coins were expecting to get their coins immediately after taking the shot, but it seems that it is different and they will receive the Spark coins in 2021.

It is worth noting that until now, there is no specific date for the distribution process, and everything that is published is pure speculation.

next step:

Now it is safe to transfer XRP to a different wallet again.

With the participation of so many trading platforms, many people store their money in the trading platforms.

And those who bought Ripple for the purpose of participating in the Airdrop can now trade Ripple currencies against Bitcoin or any other digital currency or store it in a cold wallet if they invest in Ripple in the long term.

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What we have to say is that you are free to move your Ripple coins after the airdrop process is over.

Regarding the total statistics for the free distribution process, the number of eligible participants for the distribution is 110,259 eligible accounts.

These addresses and accounts hold a total of 23.5 billion XRP, of which 70% belong to exchanges.

Only 30% of eligible wallets are self-wallets, a somewhat worrying statistic that indicates the dominance of central trading platforms.

Spreading rumors:

As is often the case when it comes to free distribution of a new digital currency, there will be a lot of confusion.

Among the most prominent rumors circulating in the crypto community are the following:

• There are many free distributions to Ripple holders in the coming years.

The Flare Network team has yet to officially confirm whether this is the case.

• The Spark cryptocurrency will be traded on several exchanges before being distributed to users.

They are entitled to do so, but the Flare Network team does not endorse this approach.

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• Spark coin will be worth the same as Ripple.

Until now, it is not known how much the value of the Spark coin will be because it has not been released yet!

• The spread of fake digital currencies called “FLR” as the digital currencies that were distributed.

Scammers contact people who offer to sell FLR dollars In particular, via “uniswap” or via IEO. be cerfull. There is no public sale of Spark FLR dollars.

– Flare (FlareNetworks) December 13, 2020

It was expected that fraudsters would do such fraud, as fraudsters are always anticipating events and see such events as an opportunity to make some money from impulsive victims.

Therefore, caution is necessary and that until now there is no Spark coin on the market and that what is published, whether in Uniswap or IEO offers, are all fraudulent until the “Flare Network” officially releases its coin Spark.

Read also:

XRP Addresses Reach New Peak on the Eve of Spark Distribution… Details Here

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