Coinbase introduced Saturday it plans to help an upcoming airdrop that has been seen as a think about boosting XRP’s worth in latest weeks.
The San Francisco-based alternate stated in a weblog put up that Coinbase prospects with XRP balances as of midnight UTC on Dec. 12, 2020 will obtain Spark tokens from Coinbase at a later date.
“The quantity of Spark you’ll obtain relies on how a lot XRP you had in your account on the snapshot time,” Coinbase wrote. Extra particulars concerning the airdrop might be posted this week, an organization spokesperson advised CoinDesk.
Spark is the native token of the Flare Community, a system meant to deliver Ethereum-like performance to the XRP Ledger.
“Flare’s token, Spark is created by means of what would be the first ever utility fork whereby the origin community, on this case the XRP Ledger, advantages by means of elevated utility,” the crew behind the smart-contract challenge wrote in August.
XRP is up almost 10% during the last 24 hours, in accordance with CoinDesk information.
“Supporting new networks and their initiatives is vital for not solely assembly buyer curiosity, but additionally the continued development of the crypto ecosystem,” stated Coinbase spokesperson Crystal Yang.