Spark airdrop update launches Flare Finance beta
110,259 accounts and 23.5 million XRP joined the Spark token AirDrop for XRP holders. Flare Finance, the first DeFi project, announced the start of the Beta testing program.
A snapshot of the XRP ledger for Flare Network’s “utility fork” for Spark’s Airdrop (FLR) token took place on December 12, as reported by CNF. However, contrary to many investors “expectations, tokens are not immediately visible and do not exist. Whether investors keep their XRP tokens in a self-hosted wallet or in a cryptocurrency exchange, the FLR tokens come later.
Wietse Wind, founder of XRPL Labs;
“SNAPSHOT OF ALL BALANCES FOR ACCOUNTS WITH MESSAGEKEY SET. NOW WE WAIT UNTIL WE FINISH OUR OWN FLARE BLOCKCHAIN TECHNOLOGY. AND IT WILL BE MANAGED WITH A WALLET THAT SUPPORTS NEW FLARE NETWORKS BY DISTRIBUTING TOKENS THERE.”
Flare Networks recalled via Twitter that the flr token would only be issued when the main network was live. “This is expected for Q1-Q2 2021,” the developers said. A few exceptions may be several crypto exchanges that issue IOU’s, a claim for the FLR token.
We are aware that some exchanges are considering publishing spark’s IOU (Future) $ FLR, this is their prerogative. Flare, as an entity, cannot be interfered with.
Now with the snapshot two days ago, the XRP community member” XRP_Cro ” also evaluated Airdrop data. According to him, he participated in a total of 110,259 accounts and 23.5 million XRP. In terms of the second metric, self-hosted wallets accounted for 30% (7.1 million XRP), with the rest being exchange wallets. A total of 51,000 new accounts have also been created in anticipation of Airdrop.
Flare Finance launches beta testing program
But not only Flare Networks, but Flare Finance, the first DeFi project on the network, is making great progress. To celebrate the successful snapshot, Flare Finance launched a beta version and launched a beta program. At the Coston testing network, 200 testers were invited to try the performance and UX of the new ecosystem.
To participate in the flare Finance beta test, interested parties must fill out a form asking about their previous experience in the crypto field, decentralized crypto exchanges (DeX’s), and their personal strength. In this sense, the team invites testers with “different experience.” According to the video released, MetaMask is used to synchronize with Devnet.
As CNF only reported on Saturday, Flare Finance will perform an Airdrop for all flr Token holders one month after the flare Network’s main network launch.