There are two routes one can take to receive their share of Spark tokens:
- Participating Exchanges
- Participating Wallets
The former is the less technical approach and probably the one most people would use due to its simplicity: hold XRP on a participating exchange before the wallet balances snapshot is due.
Participating Exchanges
There are multiple exchanges participating in this airdrop, including:
- FTX
- Kraken
- Coinbase
- Binance
- Bitstamp
- Crypto .com
- eToro
- KuCoin
- Liquid
More are going to be integrated into this list soon.
In the example of Binance, they put out a guidance as to how users can claim Spark tokens. The process is very simple:
The airdrop snapshot, including how many XRP each wallet had will be taken on December 12th 2020 at 00:00. Binance will also be disabling XRP deposits/withdrawals on December 11th which means anyone who wishes to participate this way must ensure their XRP is on there in time.
Participating Wallets
This method is riskier as the margin of human error is larger due to the technicalities of it. The basic premise if you’ll need to prove your ownership of an ETH address to get the Spark tokens airdropped to you based on your XRP balance on the XRP Legder.
These are the steps:
- Take an Ethereum address you own, or create one, this starts with “0x…” and then has 40 a-f character/0-9 numbers.
- Turn all small-cap letters into capital letters and remove the “0x” from the start
- Add “02” + 24 zeroes at the start of the string of numbers and letters
- The final result will look something like this: “02000000000000000000000000D2B4J2E09FDA0B6C2FE067EACA52C512FD3C6”
- This value should be stored in the message field on the XRP Leader using the AccountSet Transaction function
Double-checking that the message was stored correctly can be done by entering the public address here.
Wietse Wind created a tool for those who have Xumm wallet (with step by step instructions here) which is slightly easier to use.
Disclaimer: Not financial advice. USE AT YOUR OWN RISK!
The airdrop will not be immediate and will only start when Flare goes live next year.
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Scott Radkey
I take a snapshot of my xrp from each of my portfolios and then send them where?
Nicholas M
I think the snapshot means that the moment that the clock hits, December 12th, 2020 at 00:00. A computer will copy the ledger and note the information relating to who gets the spark tokens. What I want to know is, How do we receive the Spark Tokens? Will they be directly deposited into the account we have on the trading platforms listed above? Also, since the article says, “The airdrop will not be immediate and will only start when Flare goes live next year.”; does this mean the Spark Tokens will be deposited into that account at a later date regardless of if the XRP are in the account or not, when Flare goes live?
Drew
Can you please confirm if this will be on binance.us?
The Americans seem to be having trouble finding a safe landing zone..