Today marks the time of a fork that will happen in XRP coin. The splitting of coin will happen on December 12, 2020, today at midnight, UTC time.
Here are facts you need to know about the fork.
1. The new coin that will be splitted in a Ripple Network will be called Spark (FLR) token.
2. The Flare Network is the one responsible for the hard fork.
3. The airdrop of Spark tokens is supported by lots of exchanges like Binance, Coinex and Bithumb. See the link for more exchanges that supports the fork.
4. Non-custodial wallets like Trezor and Exodus will also support the airdrop of Spark (FLR) token.
5. Everyone that holds the asset (XRP) is eligible to receive the airdrop token.
6. The will airdrop will not be immediately received because the Flare Network will still have to make a snapshot of all accounts that holds XRP.
7. The 1:1 ratio of receiving the airdrop means depending on the amount of XRP you hold.
8. The Flare Network will start distributing the Spark (FLR) token during the first 3 months of 2021, after the snapshot of this month of December and when they go live.
A reminder
During the fork, it's better not to make any transactions of XRP. It will be very risky like the other forms the happened, and that might lead to losing your assets forever.
Lead Image source from : everybithelps.co.uk
@Ryryry143 💓
Do you hold xrp?