Statement For XRP Investors Waiting For SPARK AirDrop From Binance
Binance made a statement to delight XRP investors. The world famous stock market announced that it will support the Spark Airdrop.
Accordingly, Binance users holding XRP will be able to benefit from the Spark Airdrop.
Binance’s Spark Token Disclosure
Binance announced that it will support the Spark (SPARK) Airdrop Program for XRP holders. The airdrop snapshot will take place on December 12th. Binance announced that XRP deposits and withdrawals will be suspended as of December 12. Binance used the following statements in its statement:
“We will take a snapshot of all XRP tokens held by Binance users in the ledger index number. After the snapshot is complete, deposits and withdrawals will be reopened. Please note that trading XRP will not be affected during the airdrop. “
The amount of SPARK airdroped for each user with XRP will be calculated according to the following formula:
User A = Amount of XRP held by User A during the snapshot / Total XRP * held by Binance at the time of the snapshot * Total SPARK received by Binance for the airdrop.
Who Can Benefit From Airdrop?
XRP tokens pending instant deposit or withdrawal will not be included in your XRP balance. Please make sure you allow enough time for the deposit and withdrawal to complete before the snapshot.
XRP balances below 10 XRP (including trade orders) will not be eligible for airdrop.
The snapshot will include XRP balances in spot wallets, savings accounts and token-margin futures wallets, but exclude margin accounts and cryptocurrency loans.
For SPARK to be traded and listed on Binance, SPARK will go through the same strict listing review process as Binance does for any other coin / token. Supporting this airdrop does not guarantee the listing of SPARK. The default position owned is no listing.
Binance will distribute SPARK tokens after the project completes the SPARK token distribution to XRP holders. Another announcement will be posted when the distribution is complete.