According to the announcement of Flare Networks airdropping which results in the snapshot on 12 December 2020 at 07:00 AM (GMT+7), XRP holders will receive a new Spark Token.
The Spark Token amount for Bitkub users will be calculated based on the formula as follows:
A number of Spark airdrops obtained by users = Number of Spark obtained by Bitkub x Percentage of user holdings.
Percentage of user holdings = The number of users' XRP holdings / The total number of XRP holdings of Bitkub.
Percentage of user holdings = The number of users' XRP holdings / The total number of XRP holdings of Bitkub.
Please be informed that Flare Networks limits the amount of coins up to 45 billion Spark Token only. The 1:1 ratio may be altered and recalculated by Flare Networks developers if the amount of XRP holders are over 45 billion coins at the time of the snapshot.
By this event, Bitkub will support Spark Token as we will distribute the new coins to XRP holders under the below conditions.
- Users are required to possess XRP in Bitkub wallet before 12 December 2020 at 07:00 AM (GMT+7) in order to receive the new coins.
- The new coin will be distributed by the mentioned formula above.
- In order to list the new coin, Bitkub verifies Spark Token the same way as we verify other listed coins. Though we support the airdrop, we may not list the new coin on our system. Please allow us to update you on this matter again on our website.
Disclaimer
The claimable XRP owners will not receive the Spark Token right after the Snapshot on 12 December 2020. The new coins will be distributed once Flare Network’s system development is completed which may take approximately 6 months according to the developers. Bitkub will announce the schedule in regard to the distribution date as soon as we receive the update from Flare Networks.
For questions and inquiries, please feel free to contact us.
Bitkub Exchange
Website: www.bitkub.com
Contact us: Bitkub Support
Telephone: +66 2-032-9555
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