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Advisory on Spark Token Distribution

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Written by   167
10 months ago

To all coinsph wallet users.

This is to inform you that Spark (FLR), the native token of the Flare Network which aims to enable the use of tokens like XRP as smart contracts, is set to go live in 2021. As part of their preparations, a deadline has been set for holders of XRP to confirm their support for the Network by December 12, 2020 8:00 AM (Manila time).

However, please be informed that Coins.ph will not be supporting the upcoming Spark token distribution. They encourage their customers who plan on participating in the token distribution to transfer their XRP held on Coins.ph or Coins Pro to supporting wallets, which can be found here. You may also check Flare network’s guide on how to claim your Spark tokens if you decide to transfer your funds to a self-custody wallet.

If you have any questions or concerns, please email them at help@coins.ph or tap Send them a Message using your Coins app.

If you want to participate in the event that said above, you need to hold an XRP token to receive a free $SPARK token.

How?

Who can claim the Spark token?

All XRP owners barring Ripple Labs and certain previous employees of Ripple Labs can claim the Spark token.

How many Spark tokens are available to claim?

45 Billion.

Does your exchange support the Spark distribution?

If you are a customer of an exchange support, your exchange has indicated to the public that they will distribute Spark tokens pro-rata to their customers based on their XRP Holdings. If your exchange is not listed on that link, you should now assume that your exchange will not participate. customers based on their XRP Holdings

Here are the following supporting exchange.

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Written by   167
10 months ago
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