Ripple (XRPUSD)

[MindlessSelf]

I don’t want to be the bearer of further complications but Flare is creating a Spark token on the XRPL and will be distributing a 1 for 1 spark token to xrp holders equivalent to the amount of xrp they have. Total supply is 100 billion spark, and 45 billion will be distributed to xrp holders. Ripple will not be receiving any.

Where it gets complicated is for those of us holding our xrp on the exchanges, those exchanges have to first elect to receive the spark tokens, and then agree to distribute them to their members wallets and not keep it all for themselves.

This is all new and we still have time. They are encouraging us to pressure our exchanges to allow for the distribution. I have contacted uphold.

Flare will take a snapshot of the xrpl at one point of time and deliver to all confirmed xrp addresses. They said they will provide a list of exchanges who will participate. I bring this up to you because I know you have a lot of your xrp locked up on loans with credearn. My xrp is in a Nexo wallet. I may have to withdraw from Nexo to claim my spark tokens and then move them back to Nexo when the time comes.

This is a 1:1 utility fork. So we will double our crypto holding. If you hodl your spark, and it ever became worth 0.30 to 0.50, then our entire xrp investment will have paid for itself with spark and xrp will be 100% profit. Flares spark token will be used for smart contracts on the xrpl