XRP ledger account holders will need an account (private key & account) for the Flare network.Spark tokens will be distributed at a moment that is still to be announced by the Flare team on the Flare network, based on the amount of XRP owned on the XRP ledger. Please reach out to the Flare Networks team if you have any questions about these things. Please note: I am *not* the right person to ask questions about the Flare network, the Flare project, the Spark token, the Spark token distribution, the amount of Spark tokens to receive, the distribution timeline, etc. using XUMM wallet (read on for more information).īefore I continue, I'd like to emphasize that I am *not* part of the Flare team, *don't* have more details / information (like timelines, etc.) and have *no financial incentive* to promote the Flare network and/or Spark token.Īs the founder of XRPL Labs, working on XUMM (a non custodial XRP ledger wallet) I would simply like to offer our users (and Ledger Nano users, using * XRP Toolkit* ) a way to prepare for the Spark token distribution. If you own XRP at an exchange that doesn't participate, you can still withdraw your funds to your own non custodial XRP ledger account – eg. Some exchanges will distribute Spark as well. In short, all people holding XRP in non custodial wallets (you keep your keys) will be eligible to claim Spark tokens. At some point in the future, the people at Flare Networks will launch their actual network, and. Here's a somewhat technical, but step by step explanation of how the XRP token on the XRP ledger relates to the FXRP token (representing XRP on the Flare network), and how the (native Flare network) Spark token comes into play. The two ledgers will be in a relationship together though. ![]() The Flare network and the XRP ledger are separate ledgers based on entirely different underlying technology, each with their own characteristics, advantages & use cases. The native token of the Flare network is “ Spark” (just like the native token of the XRP ledger is “ XRP”). ![]() At some point in the future the Flare network will be launched by the people at Flare Networks.
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