How to Claim Spark Tokens with Ledger Hardware Wallet
Take advantage of the Spark token airdrop with every XRP that you hold in your Ledger hardware wallet. Read on to learn how.
A white paper dated 27th August 2020 was published by Flare Networks, detailing how smart contracts can be run without relying on economic safety mechanisms.
Briefly, the Flare Network leverages the Ethereum Virtual Machine (EVM) and enables the distributed network to run TuringIn computability theory, a system of data-manipulation rules (such as a computer’s instruction set, a programming language, or a cellular automaton) is said to be Turing-complete or computationally universal if it can be used to simulate any Turing machine. This means that this system is able to recognise or decide other data-manipulation rule sets. Turing completeness is used as a way to express the power of such a data-manipulation rule set. Virtually all programming languages today are Turing-complete. The concept is named after English mathematician and computer scientist Alan Turing.-complete smart contracts. Flare’s native token – the Spark – is required for spam control at the network level.
A total of 45 billion Spark tokens are available to be claimed, which will be distributed to XRP holders who hold their XRP at certain exchanges or in a self-custody wallet such as the Ledger hardware wallet, or in any private wallet where the mnemonic seed phrases are generated by the user.
A snapshot of the holder’s XRP wallet shall take place at a pre-determined date, and Spark tokens shall be issued to the user at the ratio of 1:1 (or possibly more). If the user has 1,000 XRP in the wallet on the date when the snapshot is taken, he or she shall receive 1,000 Spark. It has been announced that the snapshot date will take place on 12th December 2020 to give exchanges ample time to make the required changes to support the distribution of this token.
Not all exchanges will be participating in this airdrop, and exchanges are added to the list as changes and updates are made. Check the list of supporting exchange here. More information can be found at the official Spark FAQ page.
Proceed with the steps below at your own risk. When done correctly as per instructions, this exercise should pose no risk to your funds and is safe enough to be carried out.
How to Claim Spark Tokens
The procedure below outlines the steps required to set your wallet address up to receive the Spark tokens when they are made available and distributed. Perform the steps below on a computer and not on a smartphone.
We will be using a simple tool created by Wietse Wind from XRPL Labs and a Ledger hardware wallet to do this. The following method works on both the Ledger Nano S and X. Let’s begin:
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