XRP holders who received Spark tokens during the Flare Network launch will soon be able to claim a second airdrop.
Airdrop for Spark Token Holders
Smart contracts provider Flare Network announced it would airdrop its native Spark tokens to all XRP holders in December last year. Now, there may be another opportunity for those who also participated in the Spark airdrop.
One month after the Flare Network goes live (end of Q1 2021), the Flare Finance team will take a snapshot of Spark wallets.
DAOFlare (DFLR) will be distributed in a 1:1 ratio to Spark tokens held on supported exchanges and private wallets.
Yes, 2 airdrops.
— Flare Community (@CommunityFlare) January 20, 2021
One crucial point to note here is that DAOFlare (DFLR) tokens will remain worthless until they are swapped into another token called YieldFlare (YFLR)–the native token of Flare Finance.
The reason for the swap is to ensure that the t0kens are only given to active participants.
The final details of the DAOFlare (DFLR) airdrop and the subsequent swap to YieldFlare (YFLR) will be announced later by Flare Finance.