Flare Networks recorded an official “snapshot” of its XRP Ledger. Now, step one of the AirDrop is complete. The number of Ripple whales has seen an all-time high.
Flare Networks recorded official ” snapshot” of XRP Ledger
Flare Networks recorded an official “snapshot” of its XRP Ledger. The process is designed to allow all XRP’s registered in crypto exchanges and wallets participating in AirDrop to receive shares of Free Spark tokens. Ripple’s fundraising and development team says it is looking forward to the projects flare’s smart contract ecosystem will bring to the XRP Ledger. Ripple’s fundraising and development team says:
CONGRATULATIONS TO FLARE NETWORKS! IT’S EXCITING TO SEE THE CLOSING OF THE ‘DEFI YEAR’ WITH SOME UNIQUE ADVANTAGES FOR THE XRP COMMUNITY. BRING MORE EXPERIMENTS, CROSS-CHAIN INTEROPERABILITY AND USE CASES IN 2021!
Ripple whale numbers hit record high
Now, step one of the AirDrop is complete. Flare says it plans to distribute Spark management tokens to XRP owners in a 1:1 ratio in the first half of next year. When Flare Networks becomes operational, each account will receive 15 percent of the Spark tokens they deserve.
The remaining amounts will be distributed over a period of 25-34 months at a monthly distribution rate of 2% to 4%. The number of XRP whale wallets containing 10 million or more tokens has seen an all-time high, according to data from crypto analytics firm centiment. Santiment says:
RIPPLE’S ADDRESSES, WHICH PIONEERED SPARK AIRDROP, GREW RAPIDLY. SPECIFICALLY, ADDRESSES WITH 10 MILLION OR MORE TOKENS (CURRENTLY $ 5.67 MILLION OR MORE) ROSE TO AN ALL-TIME HIGH OF 339. THIS LOOKS PROMISING FOR THE LAYER WITH THE MOST XRP.
Ripple price soars due to flare’s Spark AirDrop
The price of XRP has soared because of flare’s Spark AirDrop, according to CoinMarketCap. The cryptocurrency rose from $ 0.25 on July 31 to $ 0.93 on November 23. Ripple, the third-largest cryptocurrency, is trading at $ 0.50, down 4 percent at the time of writing. The popular altcoin currently has a market capitalization of $ 23 billion. Ripple manages a final 24-hour trading volume of $ 9.9 billion with a market capitalization at the time of writing.