Ripple Partner Flare Says 295,000,000 XRP Sent to Claim Spark Token in Massive Response From Crypto Investors – The Daily Hodl

Ripple Partner Flare Says 295,000,000 XRP Sent to Claim Spark Token in Massive Response From Crypto Investors – The Daily Hodl

Ripple-backed blockchain firm Flare Networks says it has have received an overwhelming response from the XRP community.

In a semi-viral tweet, Flare notes that thousands of XRP holders have set up their XRPL accounts in order to claim their free Spark tokens.

“The XRP ecosystem response to Flare has been massive. More than 5,400 accounts holding a total of 295 million XRP have set up to claim the Spark token in 6 days.”

The Ripple partner is rewarding XRP holders with Spark, which is a new token that allows users to leverage the features of smart contracts.

“The Flare Network is a new Turing Complete Smart Contract platform… integrating the Ethereum Virtual Machine. Its native token, the Spark, is generated through a utility fork of XRP. Furthermore, Flare uses the XRP encryption scheme, which can facilitate the usage of XRPL and Flare for XRP users.”

Flare Networks chief executive Hugo Philion highlights that XRP investors other than Ripple can use their holdings to get 1:1 amount of Spark tokens.

In a new post, Flare explains how interested XRP investors can still get their hands on Spark.

“If you self custody, the method of claiming the Spark token is simply to set the Message Key field on your XRP Ledger address to your Flare address…If your XRP is held at a supporting exchange, they will handle the claim process and distribution for you…

If you self custody, your Spark tokens will be delivered by a set of smart contracts operating on the Flare network either at launch or as soon as the network registers your claim from reading the XRPL. If you hold your XRP at a supporting exchange, they will deliver the Spark tokens to your account at the exchange.”

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