ZebPay is pleased to announce our support for the Spark (SPARK) Airdrop Program for Ripple (XRP) holders. The Airdrop snapshot will take place at first validated XRP ledger on or after December 12, 2020 00:00 UTC (05:30 AM IST).
Zebpay will suspend XRP deposits and withdrawals starting December 11, 2020 06:00PM IST. These will be resumed once the snapshot activity is complete.
SPARK will be airdropped to each user according to the formula below:
User A = (Amount of XRP held by User A at the time of snapshot / Total XRP held by ZebPay at the time of snapshot) * Total SPARK received by ZebPay for the airdrop.
The tokens will be distributed when the Flare network launches, and the Airdrop is processed by the network.
Please keep in mind that:
Deposits and withdrawals will be suspended during the snapshot.
A minimum balance of 10 XRP is required to be eligible for the airdrop.
XRP tokens that are pending deposit or withdrawal at the time of the snapshot will not count towards your XRP balance.
XRP held in pending orders at the time of the snapshot will not count towards your XRP balance.
Participation in the Airdrop does not guarantee listing of the SPARK token on Zebpay. Spark tokens will be distributed when the Flare Networks goes live between Q1 and Q2 of 2021. We will follow up with details once the network starts the token distribution.
For more information on how the network will process the token distribution please refer to ‘Further information on the spark token distribution’.
Read the white paper explaining the Flare network and Spark token.