UPDATE (12/8/20): For security purposes, XRP self-trading will be paused from 12am EST Thursday, December 10th, until we can determine the upcoming Spark airdrop event for XRP holders has safely ended.
On Saturday, December 12, 2020, at 00:00 UTC, the Flare network will be taking a snapshot of XRP addresses for a potential airdrop of their Spark token (FLR).
*All Bitcoin IRA clients that hold XRP tokens at that time will receive additional Spark tokens in their Bitcoin IRA account as soon as they are made available*.
The quantity of Spark tokens that XRP investors will receive is based on the network’s calculations, which will be determined at the time of the snapshot. Also, the Flare network is implementing a vesting period where each account will receive 15% of their total Spark for which they’re eligible with the remaining Spark claimable will be distributed between 25 to 34 months.
We’ve supported each of the major forks and airdrops since 2017, ensuring our clients receive their rewards and maximize their financial opportunity.
We will continue to keep you updated on the Spark distribution as details become available. Feel free to contact us anytime at 8666425950.
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*Important Disclaimer: Bitcoin IRA is a technology platform and not a wallet or liquidity provider. Reliability around forks, airdrops, and other blockchain events remain highly uncertain. While Bitcoin IRA will make reasonable efforts to work with partners that support the Flare airdrop and your Spark token distribution, we cannot guarantee its success or viability. Bitcoin IRA cannot guarantee Spark token liquidity and cannot guarantee the number of tokens you may or may not receive or their value. Bitcoin IRA reserves the right to change how it supports forks, airdrops and other blockchain events, and resulting tokens, for any reason. For additional information see your Customer Transaction Agreement.