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The snapshot date for XRP’s friendly utility tokens airdrop is preliminary set this coming December 12, 2020. That is around 2 months left to go as more and more people buy XRP in the hopes of getting their own shares of Spark tokens.
Read my previous article regarding the upcoming airdrop:
https://read.cash/@rafaelken1989/xrpeth-combine-and-conquer-mission-by-flare-network-ded49249
Bitcoin and Ethereum had their own versions of hard forks namely Bitcoin Cash and Ethereum classic that are hostile. They completely work in entirely different network and against with each other. Meanwhile, XRP’s own fork will be different as it will be a friendly one. It is called Spark because it literally creates a “spark” or ignites an additional utility power to the already internet-of-value cryptocurrency which is the XRP. Also, note that as far as I know it will be abbreviated or short-named as FXRP.
The company that is behind XRP’s friendly token is the Flare Network which is closely working with the continued developments for the XRP ledger. Since Flare Network’s announcement has been made regarding how to setup non-custodial wallets to claim the airdrop 1:1 ratio on XUMM wallets and nano ledgers, a rapid rise in XRP wallets has been spotted in the XRP ledger as well as the participating exchanges like Bitrue and Uphold. I expect that there will be more participating exchanges and platforms as the snapshot date comes to a close. They would not dare miss the upcoming airdrop share. XRP holders that put their precious cross-border-settlements tokens to the custodial exchanges will likely force them to join.
For more information on how to setup XUMM wallet to claim Spark tokens airdrop, check my other article:
On the other hand, one of the major co-founder/co-creator of the XRP, we all know who he is folks, it’s no other than XLM owner Jed McCaleb is banned from claiming his airdrop share for a sole reason that he carries a lot of XRP and would definitely be unfair!
Find out why I dubbed him as Ex-XRP Superstar:
https://read.cash/@rafaelken1989/jed-mccaleb-ex-xrp-superstar-4f2263f5
Now I am going to talk why I have mentioned in my title that this so called Spark tokens will be explosive for multiple reasons:
• It will drive the XRP price higher and higher as upcoming snapshot date goes nearer and nearer. More people will FOMO this event. People also are greedy in nature especially when it talks about money. This is one of those.
• The Spark is not only a separate cryptocurrency with its own value, price, and purpose but will also add smart contract power to XRP! Think of it as a especial utility bridge token that will bring XRP and Ethereum in harmony despite these 2 cryptos working in 2 different ecosystems. We should thank a lot for the Flare Network’s efforts in making this possible.
• The Spark tokens total supply or availability will be biased based on the Airdrop claims alone. Remember there is a strong possibility of 1:1 ratio for XRP to Spark and yet I have researched that there could be more. Yikes! So no more no less, any unclaimed Sparks are burned. Boom! They are gone forever.
• XRP will get into DeFi mode! That’s beast mode!
To know what is DeFi, read my article about it:
https://read.cash/@rafaelken1989/defi-for-dummies-my-simplified-explanation-in-a-nutshell-a73b6249
That is all I can say for now friends. To sum it up, these pieces of information we get here regarding the XRP’s friendly utility fork airdrop tokens is very bullish, bullish, and bullish news!
I may talk all wrong so please feel free to correct me via comments. I will definitely appreciate and like them if you do.
So, as always, take care and be safe wherever you are right now in the world.
Thanks a lot for reading and God bless!
The Spark is not only a separate cryptocurrency with its own value