Steve1919 Posted December 10, 2020 Share Posted December 10, 2020 Thank you for the information Much appreciated. Skippy 1 Link to comment Share on other sites More sharing options...
BillyOckham Posted December 10, 2020 Author Share Posted December 10, 2020 “Take note especially that the air drop is going to be staged over two to three years so you will need the exchange to exist and continue participating for that period.” I just added the above to the faq because I now realise that not everyone has considered that. Link to comment Share on other sites More sharing options...
Guest Posted December 10, 2020 Share Posted December 10, 2020 Is it possible to opt out of a future airdrop by just removing the message key and ETH address that you set this up with? Link to comment Share on other sites More sharing options...
BillyOckham Posted December 10, 2020 Author Share Posted December 10, 2020 (edited) 16 minutes ago, Ryyy20 said: Is it possible to opt out of a future airdrop by just removing the message key and ETH address that you set this up with? Most likely no in my opinion. I imagine the smart contract records the Flare address at time of claim and amount in snapshot at time of first issuance. I do not believe you need to keep the message key set once you have successfully claimed. ( Ie on go live date or on a subsequent date prior to June 2021. ) I am not certain of that however. And it easily could be that at each distro date the contract checks the XRPL messageKey field. Have to wait and see I suppose. This brings up potentially complicated legal and tax issues... say I have tax liabilities based on ‘owning’ some XRP. If I proveably burn them do I still own them? What about if I lose the key? I imagine there are going to be complicated questions settled over the next decade about things like that. What liability would you incur if somone airdropped “XRP-lite” to you. New fork, same addresses, same keys. You automatically ‘own’ them as soon as this chain is created (it’s just an example). Do you have to pay tax on its worth even though that chain has a founder that you despise and therefore you won’t ever touch his new coin? These are not immediately obvious things unfortunately. Hopefully reasonable legal and regulatory solutions will be found. However if past is prologue then we might be fecked. Edited December 10, 2020 by BillyOckham Damn autocorrect Link to comment Share on other sites More sharing options...
Guest Posted December 11, 2020 Share Posted December 11, 2020 @BillyOckhamFYI I posed the question to towo and this was the response: Link to comment Share on other sites More sharing options...
showie Posted December 13, 2020 Share Posted December 13, 2020 Hi, a little question, where we can see we received the 15% of spark, i have a ledger nano S , i made the inscription with the xrptoolkit . Another thing, on my ledger i have an account ethereum but i can't see the ERC20 , i allowed the contract data but on ledger live i see only the ethereum wallet i don't have the option to click on "show token" , for the information i made all the uptade Link to comment Share on other sites More sharing options...
Flintstone Posted December 13, 2020 Share Posted December 13, 2020 @showie The Flare network isn’t live yet, so at the moment, there are no FLR tokens. BillyOckham 1 Link to comment Share on other sites More sharing options...
Julian_Williams Posted December 13, 2020 Share Posted December 13, 2020 (edited) Excellent video by Crypto Eri about the importance of Flare snapshot Edited December 13, 2020 by Julian_Williams Tull and BillyOckham 2 Link to comment Share on other sites More sharing options...
showie Posted December 13, 2020 Share Posted December 13, 2020 2 hours ago, Flintstone said: @showie The Flare network isn’t live yet, so at the moment, there are no FLR tokens. ok i know , but they spoke about to give 15% at 12 in december , so you mean we'll receive the token once it will start to quote ? Link to comment Share on other sites More sharing options...
Flintstone Posted December 13, 2020 Share Posted December 13, 2020 (edited) 4 minutes ago, showie said: ok i know , but they spoke about to give 15% at 12 in december , so you mean we'll receive the token once it will start to quote ? You will get 15% when the Flare network goes live. Quote WHAT YOU WILL RECEIVE AND WHEN: At network launch, each account that has claimed Spark will receive 15% of the total Spark for which they are eligible. https://blog.flare.xyz/further-information-on-the-spark-token-distribution/ We do not know when the network will go live yet. Edited December 13, 2020 by Flintstone BillyOckham 1 Link to comment Share on other sites More sharing options...
showie Posted December 13, 2020 Share Posted December 13, 2020 ok thanks . BillyOckham and Flintstone 2 Link to comment Share on other sites More sharing options...
showie Posted December 13, 2020 Share Posted December 13, 2020 (edited) maybe it's not appropriate on that topic but i don't know why i can't see the erc20 token affiliated to ethereum as i readed ledger can support it , someone knows how to show token supported by ledger with ethereum adress? Edited December 13, 2020 by showie Link to comment Share on other sites More sharing options...
Hydnum Posted December 13, 2020 Share Posted December 13, 2020 Flare is it's own, completely different, chain. It just happens to use the EVM. You will not see them as an ERC20 on your ether address. They will be on the flare network that has the same address/account as your Ethereum. This is why you should have the keys to that address. It will be needed when the proper wallets are out and the network is live. Then you will be able import that account to the wallet with those keys. There will even be FRC20 tokens that are issued on the flare chain. Flintstone, Julian_Williams and BillyOckham 2 1 Link to comment Share on other sites More sharing options...
Jungerns001 Posted December 14, 2020 Share Posted December 14, 2020 So when can these additional coins be reasonably expected to appear in Portfolio's ?? Plikk 1 Link to comment Share on other sites More sharing options...
Hydnum Posted December 15, 2020 Share Posted December 15, 2020 From the original post: "When do I get them? The Spark that you are eligible for will be sent out over time. At the go-live of the network (sometime in first half of 2021) those who have already ‘claimed’ by setting the messageKey with their desired Flare address will have 15% of their total entitlement sent to that address. Every following month there will be a further allocation of a smaller amount. If you claim some months after the go-live then you will get all the entitlement up to that point. Eg 15% plus however many months worth." BillyOckham 1 Link to comment Share on other sites More sharing options...
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