Creating an ETH address for Flare/Spark airdrop

[CrisSyd]

Hi everyone,

In order to ensure safety during the process of claiming Spark tokens, I'd like to ensure the below is possible:

1. Have XRP on a hardware wallet (A) at the time of snapshot (message key still blank)
2. Few hours or days after the snapshot, send all XRP to a different hardware wallet (B)
3. After point 2 and before the 11th June 2021 deadline, populate the message key of the first hardware wallet (A)

The aim is to prevent losing my XRP due to a potential security threat using the XRP Toolkit. With my strategy, I should not have any concern as the hardware wallet would be empty when populating the message key.

Any feedback would be much appreciated... thanks

[WarChest]

6 minutes ago, CrisSyd said:

Have XRP on a hardware wallet (A) at the time of snapshot (message key still blank)

If you are using your own H/W wallet, in order to be included in the drop Don't you have to meet the following circumstances on the 12 Dec 2020?

1. Having XRP in your H/W Wallet 
2. Having the Message Key Field set 

 

[BillyOckham]

24 minutes ago, WarChest said:

If you are using your own H/W wallet, in order to be included in the drop Don't you have to meet the following circumstances on the 12 Dec 2020?

1. Having XRP in your H/W Wallet 
2. Having the Message Key Field set 

 

No number 2 is not necessary.

I am writing a faq:  

 

[CrisSyd]

@BillyOckham Thanks for the clarification, it does answer my concern.

So we can still set the Message Key after the snapshot as far as this is done before the 11th of June 2021 deadline, and the XRP accounted for is the amount on the hardware wallet at the time of the snapshot.

By the way, nice post about the airdrop FAQ.
Thanks for your work!

[BillyOckham]

49 minutes ago, CrisSyd said:

So we can still set the Message Key after the snapshot as far as this is done before the 11th of June 2021 deadline, and the XRP accounted for is the amount on the hardware wallet at the time of the snapshot.

Yes.

Even if the account is down to just the reserve amount,  the Flare smart contract will see the messageKey set transaction, check it’s a valid address, look up the snapshot amount for that account, then transfer the Spark to the Flare address.

As I say all this I’m absolutely certain that’s what they have said so far...   but you should go to the source and check that I am right...   

 

[Knysna]

Hi 

I would like to keep the question simple. If I have my existing XRP in XRP account on my ledger Nano S for the snapshot on the 12th December can I just leave it there and simple do nothing?

Then only later get into setting up a Spark account for the airdrop (within 6month after Dec. 12th).

Thank you in advance

Regards 

[XrpChad]

https://blog.flare.xyz/spark-claim-guide/

[Kemper88]

I have a Ledger Nano S, and I recently used the instructions at https://flare.wietse.com to set things up.

But I think I might have done things incorrectly, when it comes to the ETH address part. For that, I simply logged into Ledger Live and downloaded the ETH app there and installed it onto my Ledger Nano device. I then followed the rest of the wietse directions.

And when I checked my public XRP address on Bithomp Exchange, it does show my correct zerps tally and the ETH address I created. But again, I'm starting to think I shouldn't have used the Ledger Live ETH app/wallet for this Spark drop. Or, is this in fact ok?

And if it's not ok, how do I undo this so that I'll be compliant for the snapshot and airdrop?

[microdude]

Kemper

30 minutes ago, Kemper88 said:

I have a Ledger Nano S, and I recently used the instructions at https://flare.wietse.com to set things up.

But I think I might have done things incorrectly, when it comes to the ETH address part. For that, I simply logged into Ledger Live and downloaded the ETH app there and installed it onto my Ledger Nano device. I then followed the rest of the wietse directions.

And when I checked my public XRP address on Bithomp Exchange, it does show my correct zerps tally and the ETH address I created. But again, I'm starting to think I shouldn't have used the Ledger Live ETH app/wallet for this Spark drop. Or, is this in fact ok?

And if it's not ok, how do I undo this so that I'll be compliant for the snapshot and airdrop?

I have set up an ETH address on the Ledger Nano X, and linked this to my XRP account on the same Ledger Nano X. Since Ledger is participating on this airdrop, I believe that either the Ledger Nano X will get an app for FXRP, or that this token are like an ECR-20 and therefor it can be transferred to a sub-account on the same address as the ETH address. FXRP is based on the Ethereum Virtual Machine. This allows the new network to deploy existing Ethereum applications on Flare and allows the network to be integrated in decentralized Finance. This is why I speculate that FXRP will be dropped as a sub-account to the ETH address, since this account can hold several ECR-20 tokens.

[Kemper88]

56 minutes ago, microdude said:

Kemper

I have set up an ETH address on the Ledger Nano X, and linked this to my XRP account on the same Ledger Nano X. Since Ledger is participating on this airdrop, I believe that either the Ledger Nano X will get an app for FXRP, or that this token are like an ECR-20 and therefor it can be transferred to a sub-account on the same address as the ETH address. FXRP is based on the Ethereum Virtual Machine. This allows the new network to deploy existing Ethereum applications on Flare and allows the network to be integrated in decentralized Finance. This is why I speculate that FXRP will be dropped as a sub-account to the ETH address, since this account can hold several ECR-20 tokens.

Thanks for the great reply! 

So if I understand your response correctly... it seems I will in fact be ok using the ETH app/address I installed on my Ledger Nano S. And once Ledger eventually adds an FXRP compatible app, I will install that on my device. And then I should be able to transfer the Spark tokens from my ETH to this new Ledger FXRP compliant app.

Am I correct here?

[microdude]

2 minutes ago, Kemper88 said:

Thanks for the great reply! 

So if I understand your response correctly... it seems I will in fact be ok using the ETH app/address I installed on my Ledger Nano S. And once Ledger eventually adds an FXRP compatible app, I will install that on my device. And then I should be able to transfer the Spark tokens from my ETH to this new Ledger FXRP compliant app.

Am I correct here?

Or the Spark tokens will be transferred into the app by looking on your ETH address and give you what you are supposed to get. I am not quite sure if the token is an ECR-20 token. But my guess is that you just install the Spark token app, the app look into you ETH address and sync up with the Flare network to give you FXRP (Spark token) to your app.

[Kemper88]

23 minutes ago, microdude said:

Or the Spark tokens will be transferred into the app by looking on your ETH address and give you what you are supposed to get. I am not quite sure if the token is an ECR-20 token. But my guess is that you just install the Spark token app, the app look into you ETH address and sync up with the Flare network to give you FXRP (Spark token) to your app.

Ok. That would make sense. Thanks again for the excellent insights here!