Binance Announces Support for Spark Tokens Airdrop Planned By Flare for XRP Investors

[solodeji]

https://heraldsheets.com/binance-announces-support-for-spark-tokens-airdrop-planned-by-flare-for-xrp-investors/

[RandyMarsh]

good news  

[jargoman]

I wonder if they will support data feeds and thus Oracle staking 

[Scout]

Just because Binance won't list the Spark token they will still give us the Spark tokens in our wallets? If they won't list it as an exchange pair does that mean we need to transfer SPARK to a different exchange if we want to trade it with other pairs? 

It appears anyone using a Binance account doesn't have to do anything but hold XRP until after the snapshot date to receive spark? I am correct with these assumptions?

 

 

Edited November 25, 2020 by Scout

[JASCoder]

11 minutes ago, Scout said:

Just because Binance won't list the Spark token they will still give us the Spark tokens in our wallets? If they won't list it as an exchange pair does that mean we need to transfer SPARK to a different exchange if we want to trade it with other pairs? 

It appears anyone using a Binance account doesn't have to do anything but hold XRP until after the snapshot date to receive spark? I am correct with these assumptions?

 

 

My guess is your allocation of SPARK tokens will be available for withdrawal - subject to some nominal fee.
Keep in mind, your new tokens will dribble in as the months go by.
I assume if you close your account, you will forfeit the future distributions.

It's also quite possible Binance will add support for trading of SPARK, should it prove to appear to have a viable demand, and pass their review and such.

[jetbrzzz]

4 minutes ago, JASCoder said:

Keep in mind, your new tokens will dribble in as the months go by.
It's also quite possible Binance will add support for trading of SPARK, should it prove to appear to have a viable demand, and pass their review and such.

This is the 15% upfront distro plus 3% increments there after, right?

Yesterday was the first I heard of this but it's straight from the Flare guys.

Roughly it'll take about 30 months to get your entire stash released if they did it monthly that way. I guess to prevent massive sell off on the first day(s) and then the project dies shortly after.