![flare token flare token](https://i.gyazo.com/08dd38b30410077d902d475592b72104.png)
However, he seemed utterly confident that Flare Networks will succeed, following its airdrop. The Ripple CEO also said that although the project is Ripple-funded, Ripple is not part of the decisive conversations of the startup as that is up to Flare’s executive team. I’m excited about what Flare is doing, any time you’re seeing real utility solving a real problem.” “I think XRP holders are deservedly excited about what Flare is doing.
![flare token flare token](https://i.ytimg.com/vi/MLxxBz90794/maxresdefault.jpg)
Therefore, the more XRP one holds during the snapshot, the more Spark tokens they will receive.
#FLARE TOKEN FREE#
Seeing a company like Flare Networks and seeing them use the XRP network in various ways is an opportunity going forward, but it doesn’t affect RippleNet in how we are using ODL (on-demand liquidity) for our customers.”įor XRP holders, the airdrop is much anticipated, as anyone holding XRP funds on participating coin exchanges and digital wallets will receive free Spark tokens on a 1:1 ratio. Utility will drive the long-term value of any digital asset. “To me, it is a further example of people’s recognition that XRP is such an efficient digital asset. In talking about Flare Networks, Garlinghouse shared with CNN: “From my point of view, Flare is combining the best of XRP (very fast settlement), Ethereum (smart contracts) and Avalanche (for consensus) which helps extend XRP’s utility and allows developers to create smart contracts for new use cases like lending and DeFi.”įor Garlinghouse, Flare Networks is an exciting startup, but the operations they are conducting differs from what Ripple is doing. Garlinghouse has made it known that he is supportive of Flare Networks. Flare Networks is Ripple-funded and its Spark token airdrop is set to launch tomorrow, on December 12, with around 45 billion tokens available for the cryptocurrency handout. In order to do so, it will leverage the Ethereum Virtual Machine (EVM). Ripple’s CEO Brad Garlinghouse expressed excitement for the smart contract utility fork Flare Networks' upcoming plans.įlare Networks, a utility fork of Ripple, is working on delivering Ethereum-like functionality to the XRP Ledger, which hosts Ripple’s native token XRP.