Binance Will Support the Spark (SPARK) Airdrop Program for XRP (XRP) holders

Announcement from Binance.com

Binance will assist the Spark (SPARK) Airdrop Program for XRP (XRP) holders. The airdrop snapshot will happen at the first validated XRP ledger index quantity with a timestamp higher than or equal to 2020/12/12 00:00 AM (UTC).

• XRP deposits and withdrawals will likely be suspended ranging from 2020/12/11 10:00 PM (UTC).
• We will then take a snapshot of all XRP tokens held by Binance customers at the time of the above ledger index quantity.
• Deposits and withdrawals will likely be reopened after the snapshot is full.
• Please notice that trading of XRP is not going to be affected throughout the airdrop.

The airdropped SPARK quantity for every consumer holding XRP will likely be calculated based mostly on the formulation as follows:

User A = Amount of XRP held by User A at the time of snapshot / Total XRP held by Binance at the time of snapshot * Total SPARK obtained by Binance for the airdrop

Please notice:

• XRP tokens which are pending deposit or withdrawal at the time of the snapshot is not going to depend in the direction of your XRP steadiness. Please make sure you go away enough time for deposits and withdrawals to finish previous to the snapshot.
• XRP balances underneath 10 XRP (together with these in trade orders) is not going to be eligible for the airdrop.
• The snapshot will embody XRP balances in spot wallets, financial savings accounts and coin-margined futures wallets, however excludes margin accounts and crypto loans.
• For the trading and itemizing of SPARK on Binance, SPARK will undergo the identical strict itemizing evaluation course of as Binance does for every other coin/token. Supporting this airdrop doesn’t assure the itemizing of SPARK. The default place we’ve is not any itemizing.
• Binance will distribute SPARK tokens after the venture has accomplished the SPARK token distribution to XRP holders. We will put up an additional announcement as soon as the distribution is accomplished.
• US individuals, entities and sanctioned nations should not eligible to obtain this airdrop. For extra info, please seek advice from Binance Terms of Use.

Thanks for your assist!

Binance Team

2020/11/25

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