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  • 41.573,27 1 aug 2021 13:38
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Spark (FLR)

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  1. forum rang 10 DeZwarteRidder 7 januari 2021 15:27

    Ripple: XRP’s utility fork Spark (FLR) starts trading on Bitrue
    Avatar By Reynaldo January 6, 2021
    Ripple XRP Flare Networks FLR
    Source: Wit Olszweski

    The Flare Token (FLR) in the form of an IOU has seen its trading start today.
    Flare Networks’ Head of Business Development will speak at a conference on digital finance in Africa.

    Amidst the controversy over the U.S. Securities and Exchange Commission (SEC) lawsuit against its partner Ripple Labs, Flare Networks is celebrating the start of trading for its Spark token (FLR) on Bitrue. In a publication, the platform confirmed that the token is available starting today, January 6.

    As CNF reports, a snapshot of the addresses of all eligible XRP holders was taken on Dec. 12, 2020, to determine those eligible for the Spark token airdrop. Fifteen percent of all FLR tokens will be distributed to all eligible hodlers sometime in the first or second quarter of the year.

    However, Bitrue has already allowed its users to exchange FLR tokens for the XRP/FLR pair today through an informal means known as “I owe you” (IOU). After Flare Networks announced what the XRP:FLR distribution rate looks like a few days ago, Bitrue was able to calculate the exact amount of FLR its users will receive.

    Through this, Bitrue could now start trading the IOU. However, Bitrue also clarified that “real” trading of FLR will only be possible after the official distribution of the token and stated the following restriction:

    Please note that FLR trading will only be available to users who have passed KYC verification. FLR trading will NOT be available to US or Singaporean users until the official Spark distribution, which is expected to happen around Q1 or 2 2021.

    In the XRP community, the news is considered highly bullish. CryptoEri stated via Twitter that Bitrue’s IOUs are a “sample” of future bullish sentiment for the trading pair. There are high expectations that trading on the platform will continue to increase and that FLR distribution will be beneficial to XRP holders. CryptoEri said:

    XRP holders are incredibly lucky to be in the most exciting DeFi space with the XRP Ledger. Ability to wrap stable coins with Flare Finance. Take no prisoners. Onwards.

    At the time of publication, the FLR/XRP trading pair recorded a trading volume of 3,520,251.62 FLR with an initial rate of about 0.10 which has risen to 0.58 at press time. This represents an increase of 494.3%. At its highest point of trade, the pair stood at 1.50.
  2. forum rang 10 DeZwarteRidder 7 januari 2021 15:28
    XRP Holders Will Soon Be Able to Trade Spark (FLR) Token

    U.Today1 week ago
    Published on December 28, 2020 05:07 GMT+1edited on December 28, 2020 05:12 GMT+1

    Digital asset manager Bitrue has just announced that Spark (FLR), the native token of Flare Networks, will become available for trading starting from Jan. 6.

    Initially, there will only be one trading pair with FLR, in which XRP is the base currency.

    Following the much-anticipated snapshot—which took place on Dec. 12—XRP holders will now have to wait until all of the tokens are distributed to their wallets.

    Bitrue claims that the initial distribution of FLR tokens will take place on Dec.
    Read the full article at U.Today
  3. forum rang 10 DeZwarteRidder 7 januari 2021 22:37
    Spark FLR Trading Begins January 6th

    2 days ago Updated

    Dear Bitruers,


    Flare Networks have recently released some further details about the upcoming Spark FLR distribution - in particular, the distribution ratio of XRP:FLR has been calculated at 1:1.0073. You can read more about how this number was determined on their official blog.

    With this information we can now the amount of FLR that each XRP holder on Bitrue is due to receive. Although the initial airdrop of 15% of your total FLR entitlement is due to happen in Q1 or 2 2021, Bitrue will allow you to trade your FLR on the XRP/FLR pair starting January 6th.

    We will be conducting the initial distribution of each user's FLR entitlement this Wednesday, December 30th.

    Please note that FLR trading will only be available to users who have passed KYC verification. FLR trading will NOT be available to US or Singaporean users until the official Spark distribution, which is expected to happen around Q1 or 2 2021.

    Please also note that this is an IOU form of FLR. Trading of genuine FLR will not be possible until the official distribution from Flare Networks has occurred.
  4. forum rang 10 DeZwarteRidder 25 januari 2021 20:10
    Explains Flare Finance on Twitter,

    “One month after the main network launch of the Flare Network, Flare Finance will snapshot all balances of those who hold FLR. 7-10 days after our snapshot, you will be proud owners of both FLR (Spark) and DFLR (DAOFlare).

    But wait, you must go one step further to begin interacting with the Flare Finance ecosystem. The last step is to swap your DFLR for YFLR (YieldFlare), the official token of the Flare Finance Ecosystem. Once swapped, endless potential awaits.”

    Flare has said the network will launch in the second quarter of 2021.
  5. forum rang 10 DeZwarteRidder 6 april 2021 11:37
    XRP Ledger Snapshot

    At the inception of the Flare Network 100 billion Spark will be created, 45 billion Spark will be claimable by XRP holders. Your claimable Spark amount depends on your XRP balance on 12th December 2020, 00:00 UTC and you still have until 11th June 2021 to make your claim. At the end of the claim period, all unclaimed Spark tokens will be burned. For additional details about the Spark token distribution see this blog post.

    Claiming Spark does not affect your XRP balance, other than costing the minimal XRP Ledger transaction fee of less than 0.00002 XRP. You can send and receive XRP as you normally would after completing the claim process. It's enough to complete the claim process once per XRP account.
    How to Claim Spark

    You claim Spark by adding a message key, representing a Flare address, to your XRP Ledger account. Adding a message key to your XRP Ledger account does not affect security, message keys are only informational. Your message key will be public on the XRP Ledger and used by the Flare Network to determine where to distribute your Spark tokens. You can update your message key and Flare address at any time until the first Spark distribution occurs around 11th June 2021.

    The Flare Network uses the same address format as the Ethereum Network. You use an address from an Ethereum wallet to produce a message key and claim Spark tokens. The same wallet will later be used on the Flare Network to access your Spark tokens, make sure you have a backup of the secret key or recovery words.
    Step 1: Get Wallet

    Ethereum wallets that will support the Flare Network includes MetaMask, Cobo Vault, D'CENT Biometric Wallet, Ledger Nano X and Ledger Nano S. The listed wallets work with coming Flare applications, similar to how Uniswap supports MetaMask. If you don't have any of the listed wallets, either download MetaMask, get a Cobo Vault, D'CENT Biometric Wallet, Ledger Nano X or Ledger Nano S.

    You can use an Ethereum wallet not listed above, just make sure that you have a backup of the secret key or recovery words. If your chosen wallet turns out to be incompatible with the Flare Network, you'll be able to use your secret key or recovery words to migrate your claimed Spark tokens to a new wallet.
    Step 2: Copy Address

    Once you have an Ethereum wallet to which you hold the secret key or recovery words, it's time to copy your address. We recommend using a new address holding no assets. If you're using the MetaMask browser extension, open the extension and click on your address, see the screenshot below.


    If you're using a Ledger Nano X or Ledger Nano S, plug in your device, unlock it, open Ledger Live and install any pending updates. Then click Receive, select your desired Ethereum account, click Continue and copy the displayed address.

    Ledger Live Select

    For the Cobo Vault and D'CENT Wallet, see the official Cobo Vault instructions or D'CENT Wallet instructions. Most other wallets work like MetaMask and Ledger, you'll need to find and copy the Ethereum address that you'd like to use on the Flare Network. Your claimed Spark tokens will be distributed to this address on the Flare Network after launch. From now on, we'll refer to your copied address as your Flare address.
    Step 3: Set Message Key

    Once you've copied your Flare address, open XRP Toolkit and connect your XRP wallet. Go to Properties in the Account menu and paste your copied address in the message key field. XRP Toolkit will offer to convert your Flare address to the required format for storing it as a message key on the XRP Ledger. Click on the suggested format, then click the Update button to proceed.

    Message Key Format

    If you want to manually convert your address to the required message key format, start by removing "0x" and convert the remaining part to all uppercase, finally add the prefix "02000000000000000000000000". As an example, the Ethereum address 0x2D19a76413370E7c4e5844e7B016F7fC77a716AB corresponds to the message key 020000000000000000000000002D19A76413370E7C4E5844E7B016F7FC77A716AB.

    Added Flare Address

    After clicking the Update button, you'll be asked to review the transaction. Carefully review all transaction details in your connected wallet and only confirm if the message key corresponds to your intended address. Once the transaction has been signed and submitted, you're all set for the Spark distribution. You can see your Flare address and claimed Spark amount on the XRP Toolkit account overview. You can double-check your Flare address by entering your XRP account address in a transaction explorer like XRP Scan or Bithomp.
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1 aug 2021 13:38
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