Crypto.com will be supporting the Flare Network’s Spark (FLR) token distribution, where all XRP holders on the Crypto.com App and Exchange can claim the Spark token.
Spark Token Distribution
Crypto.com will distribute the Spark token to all XRP holders on the Crypto.com App and Exchange based on the snapshot of their XRP balances on 12 December 2020, 00:00 UTC.
Deposit XRP to your Crypto.com App or Exchange account before the snapshot to be eligible for the distribution. Users will receive Spark tokens proportional to their XRP balance.
The distributed Spark token amount for each user holding XRP will be calculated based on the formula as follows:
- The snapshot time and payment rate may be adjusted according to changes on the Flare network.
- The distribution for Spark tokens is currently set for the first half of 2021, and this is subject to change at Flare’s discretion.
- XRP that has not been deposited at the time of the snapshot will not be included in the distribution calculation.
- XRP in Crypto Earn and Credit is eligible for the distribution.
For further details about the distribution, please refer to Flare Network's Claiming Spark FAQs.