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HomeCryptocurrencyFlare CEO Updates XRP Holders on When to Expect Spark Token Airdrop

Flare CEO Updates XRP Holders on When to Expect Spark Token Airdrop

According to Hugo Philion, the co-founder and CEO of Flare Networks, the waiting of XRP community members for the Spark token airdrop is about to come to an interesting end.

In a tweet on 2nd January, Philion stated that the company is working to upgrade the Songbird network before going ahead with the massive airdrop of Spark (FLR) tokens. He said the upgrade is expected to play out before the end of March 2022.

Read Also: David Schwartz on Why Ripple Chose Not To Pressure Customers on RippleNet to Use XRP

Hugo Philion tweeted, “For all those asking where their FLR is. We are upgrading Songbird, before the end of March 2022, with the final two protocols required before Flare launch. This will then allow us to proceed to Flare launch. A full roadmap to Flare launch will be released in the coming weeks.”

Flare Networks Aims to Bring Smart Contract to Blockchain

Flare Networks, with its native token FLR, aims to bring smart contracts functionalities to blockchain networks, starting with Ripple’s XRP and Litecoin (LTC).

According to the company, as soon as Flare launches, each XRP holder will receive 15% of their claimable Spark tokens, and then claim an average of 3% per month, which will last for at least 25 months and at most 34 months.

Read Also: Flare Networks Is Set To Airdrop another Token to XRP Holders. Who Are Those Eligible? Details

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In another tweet on 2nd February, Philion pointed out that Flare has started to speak with top exchanges regarding the upcoming airdrop.

“With regards to exchange distribution of the FLR token, we have reached out to the largest exchanges to get full definition on what they require in order to distribute the token so that Flare meets those requirements.”


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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