Coinbase to Make stronger Spark Token Airdrop to XRP Holders
Coinbase announced Saturday it plans to strengthen an upcoming airdrop that has been considered as a element in boosting XRP’s ticket in most in model weeks.
The San Francisco-based change said in a weblog put up that Coinbase customers with XRP balances as of midnight UTC on Dec. 12, 2020 will receive Spark tokens from Coinbase at a later date.
“The amount of Spark you’ll receive is dependent on how mighty XRP you had for your legend at the snapshot time,” Coinbase wrote. Miniature print in regards to the airdrop will more than seemingly be posted this week, a company spokesperson told CoinDesk.
Spark is the native token of the Flare Network, a machine meant to bring Ethereum-love efficiency to the XRP Ledger.
“Flare’s token, Spark is created via what may maybe maybe very smartly be the first ever utility fork whereby the origin network, on this case the XRP Ledger, advantages via elevated utility,” the team in the reduction of the super-contract mission wrote in August.
XRP is up almost 10% in some unspecified time in the future of the final 24 hours as of press time, based on CoinDesk info.
“Supporting fresh networks and their projects is well-known for no longer easiest meeting buyer hobby, but additionally the endured enhance of the crypto ecosystem,” said Coinbase spokesperson Crystal Yang.