Flare reveals plans to send 100 trillion Spark tokens to XRP holders in a massive airdrop

The highly anticipated Flare Network airdrop to XRP owners appears to have come to an end and the distribution plan is finally confirmed.

Flare has been planning to release 100 trillion Spark tokens (FLR) to XRP holders for months, but this is the first time the distribution has been described.

When the network is high, flare said Each eligible XRP holder immediately receives 15% of the eligible Spark tokens and then an average of 3% per month, with a duration of at least 25 months and a maximum of 34 months.

According to Flare, the rollout should be slow to avoid excessive selling pressure or other negative effects on the Spark token.

“We have always believed that the best people to raise funds to support the issuance of trusted FXRPs on Flare are XRP holders. The only way to do this fairly, in our opinion, is to work on the Spark distribution scheme.

Instead of accepting Flare and Spark for the benefit it generates, a certain percentage would like to claim Spark only because they believe it is “free money”. In order to reduce the negative effects of this dynamic, the liquidity that can be brought into the market at any time is limited by an extensive unlocking process. “

Flare Networks and its native Spark token aim to bring intelligent contract functionality to various blockchain networks, starting with XRP and then LTC.

Minh Anh

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page