![flare airdrop flare airdrop](https://miro.medium.com/max/701/1*mYdOWUTgntcE4A4bfEMaMA.png)
The remaining Spark claimable will be distributed over a minimum of 25 months and a maximum of 34 months.” According to Flare Network's blog, “at network launch, each account that has claimed Spark will receive 15% of the total Spark for which they are eligible. The actual distribution date is not yet decided, however, the airdrop itself is anticipated to take place when the Flare Network goes live. The Distribution Date - Q1-Q2 2021 (expected) The snapshot is meant to capture the XRP holdings of individuals who want to participate in the Spark tokens airdrop.
![flare airdrop flare airdrop](https://heraldsheets.com/wp-content/uploads/2020/08/FLARE.jpg)
The Flare Network will snapshot XRP balances on December 12th, 00:00 UTC. More information on Spark’s use cases can be found in Flare’s whitepaper. In addition, the Spark token can be used as collateral within decentralised applications (DApps), contributor to an oracle or as a governance methodology on the Flare network. Like other tokens, it is primarily used for spam control of the network (i.e. The Spark token, which was created by an XRP utility fork, is the native token of the Flare Network. A more technical understanding of the Flare Consensus Protocol can be found here. In other words, Flare does not rely on money or economic incentives to secure the network it uses the Federated Byzantine Agreement (FBA) to reach consensus. In particular, the network integrates the Ethereum Virtual Machine to provide advanced smart contracts on the XRP network.Īccording to Flare’s whitepaper, “the Flare Network is a distributed network running the Avalanche consensus protocol adapted to Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine”. The Flare Network is an Avalanche-based blockchain network focused on extending XRP’s utility by bringing Ethereum’s smart contract capabilities.