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Please note, Spark that is not claimed 6 months after the date of snapshot will be burned. If you wish to get your Spark credited to your Gate.io account directly, please deposit XRP to Gate.io before the snapshot date. If you don’t want to deal with the extra Spark repayment, please repay your loan earlier.įor Gate.io users, you do not have to do anything in particular, we will credit the Spark airdrop to your Gate.io account directly as soon as we have received them. If you have any outstanding XRP loan over the snapshot time, you will have to repay the lender the Spark for those XRP loans as well. The snapshot will include XRP balances in spot wallets, lending accounts, and margin accounts, but excludes your outstanding XRP loan amount. Gate.io may close the XRP deposits and withdrawal services before the snapshot time, and take a snapshot of users’ XRP balance. The Snapshot date is “The first validated XRP ledger with a timestamp greater than or equal to 00:00 GMT on 12th December 2020” Whether to open the trading of SPARK is subject to Huobi's follow-up plans and announcements.ĩ.Gate.io will claim and distribute the Spark token to XRP holders on our platform.We will also list the Spark token as soon as possible after its initial distribution subject to due diligence.Īccording to Claiming Spark FAQ, the Spark will be allocated to XRP holders based on a snapshot taken at a specific ledger index number. Trading Related: Huobi Global has a standardized listing process. Resumption Schedule: The resumption time of XRP deposits and withdrawals, as well as the opening time of SPARK withdrawals will be notified via other announcements.Ĩ. Huobi Global will distribute it regularly after receiving the SPARK airdrop.ħ. 85% airdrop will be released within 25-34 months. Distribution Time: 15% airdrop will be released when the SPARK mainnet goes live (expected within 6 months). SPARK airdrop received by User A = (Amount of XRP held by User A at the time of snapshot / Total XRP held by Huobi Global at the time of snapshot) * Total SPARK received by Huobi GlobalĦ. Executed Sell Orders, Uncredited Deposits and Completed Withdrawals will not be counted at the time of the snapshot. (The XRP holdings of all sub-accounts are included in the corresponding parent accounts).
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XRP deposits and withdrawals will be suspended starting from 1 10:00 PM (UTC). The airdrop snapshot will take place at the first validated XRP ledger index number with a timestamp greater than or equal to 2 00:00 AM (UTC).
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2019-24 breaks down cut off points based on differences between when the airdrop is recorded, and when the taxpayer has control over the tokens. Fellow Binancians, Binance will support the Spark (SPARK) Airdrop Program for XRP (XRP) holders.
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The scope of snapshots of XRP holdings includes: Exchange accounts (Including HB10), Margin accounts (Excluding the loaned part), Fiat accounts, Pool accounts, Futures accounts. The rules mention airdrops specifically by defining what an airdrop is, even acknowledging that they can exist without a hard fork, as is the case with the Spark airdrop. Minimum holding amount: 10 XRP (balances or trade orders ≥ 10 XRP) Snapshot Time: The airdrop snapshot will take place at the first validated XRP ledger with a timestamp greater than or equal to 08:00:00 AM on Decem(UTC+8).ģ. Suspension Schedule: XRP deposits and withdrawals will be suspended at 07:00 AM on Decem(UTC+8).Ģ. Huobi Global will support SPARK airdrop for XRP holders.