Published in · 2 min read · Dec 24, 2020
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You can now view the status of Spark Token (FLR) snapshots in the D’CENT Mobile App.
Flare Networks took a snapshot for the distribution of Spark tokens on December 12, 2020. Those who have applied for Spark tokens from D’CENT Wallet can view Spark token snapshot information.
1. From the “Account” tab of the D’CENT Wallet, enter the Ripple (XRP) account details (transaction history) screen.
2. Click “See Spark Token (FLR) Snapshot results”.
3. You can check the XRP quantity set in the snapshot and the registered Flare address.
Spark token distribution is carried out by the Flare Networks. Information found below is based on the official announcements of the Flare Networks.
What is the total amount of Spark tokens you will receive?
You will receive 1.0073 Spark Tokens (FLR) for each XRP.
More details can be found in the Flare Network announcement.
👉 Flare Network’s FLR Distribution Rate Announcement: https://blog.flare.xyz/the-xrp-flr-ratio/
What is the plan for distributing Spark tokens?
When the mainnet of the Flare Network is launched, you will initially receive 15% of the total amount of Spark tokens. The remaining quantities are paid monthly in installments over a period of at least 25 months and up to 34 months. The launch of the Flare Network Mainnet is expected in Q1~Q2 2021. Details can be found in the previous article from D’CENT blog and in the announcement on the Flare Network.
👉 Flare Network Announcement:
https://blog.flare.xyz/further-information-on-the-spark-token-distribution/
👉 D’CENT Blog FAQ for Spark Token Distribution:
https://link.medium.com/swxjSuFXSbb
What if I had XRP in my XRP account at the time of the snapshot but I couldn’t apply for Spark tokens?
Spark token application to register the Flare address in the XRP account is available until June 11, 2021. If you had XRP in your D’CENT Wallet at the time of the snapshot, but you have not applied for Spark Token, you can still apply for Spark Token from the “Discovery” tab in D’CENT wallet. More details can be found at the link below.
👉 Flare Network Announcement:
https://blog.flare.xyz/spark-claim-guide/
👉 How to apply for Spark Token from D’CENT wallet: https://link.medium.com/xdhkOZGr2ab
I am an expert in blockchain technology and cryptocurrency ecosystems, with a comprehensive understanding of tokenomics, wallet functionalities, and decentralized networks. My expertise is backed by a deep knowledge of various blockchain projects and their underlying technologies. Now, let's delve into the specifics of the article related to D’CENT Wallet and the Spark Token distribution on the Flare Network.
The article discusses the integration of Spark Token (FLR) snapshot status within the D’CENT Mobile App. This feature allows users who have applied for Spark tokens from D’CENT Wallet to conveniently view their snapshot information. The snapshot for Spark token distribution by Flare Networks took place on December 12, 2020.
Concepts covered in the article:
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D’CENT Wallet:
- D’CENT Wallet is a cryptocurrency wallet that supports the storage and management of various digital assets, including Spark Tokens (FLR) in this context.
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Spark Token (FLR):
- Spark Token is a cryptocurrency associated with the Flare Network. The distribution of Spark Tokens is discussed in the article, with details on how users can check their snapshot information.
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Flare Networks:
- Flare Networks is the entity responsible for the distribution of Spark Tokens. The article emphasizes that the information provided is based on official announcements from Flare Networks.
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Ripple (XRP) Account Details:
- Users are instructed to navigate to the "Account" tab in D’CENT Wallet, specifically the Ripple (XRP) account details screen, to access information related to the Spark Token snapshot.
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Snapshot Results:
- Users can check the quantity of XRP set in the snapshot and the registered Flare address by clicking on "See Spark Token (FLR) Snapshot results."
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Spark Token Distribution Rate:
- The distribution rate is explained as 1.0073 Spark Tokens (FLR) for each XRP. Additional details about the distribution rate can be found in the provided link to the Flare Network's announcement.
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Flare Network Mainnet Launch:
- The plan for distributing Spark Tokens involves an initial distribution of 15% upon the launch of the Flare Network Mainnet. The remaining quantities are distributed monthly over a period of 25 to 34 months.
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Application for Spark Tokens:
- Users who had XRP in their D’CENT Wallet at the time of the snapshot but did not apply for Spark Tokens can still do so until June 11, 2021. The process is explained in the article, directing users to the "Discovery" tab in D’CENT Wallet.
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Additional Resources:
- The article provides links to official announcements from Flare Networks and D’CENT Blog, as well as a link to a FAQ for Spark Token distribution.
In summary, this article serves as a comprehensive guide for D’CENT Wallet users who are involved in the Spark Token distribution process on the Flare Network, covering snapshot information, distribution rates, and application procedures.
