Sunday, April 11, 2021

Over 5400 Accounts Holding 295,000,000 XRP Set Up To Claim Spark Tokens

Based on a recent update, the response of the XRP community to Flare has been massive. The report says in just 6 days, more than 5400 accounts holding 295 million XRP have been made ready to claim Spark tokens.

The new trend in the cryptocurrency ecosystem is the outcome of the collaboration between Flare Networks and Ripple. The interaction between the duos has birthed a new and trending relationship between Flare and XRP.

However, what they are both positioned to achieve together still remains glooming to the majority of the crypto community members. Hopefully, people will fully understand by and by.

XRP Community’s Growing Interest in Spark Token

Recall that Herald Sheets reported a few days ago that Wietse Wind, the founder of XRP Labs, called on the XRP community to get prepared to claim Spark tokens, the native token of Flare Network.

Based on Wind’s account, Flare network will be launched at some point in the future, and XRP holders have been offered the opportunity to claim Spark for themselves.

It was stated that Spark is to Flare Network what XRP is to XRP Ledger. But the two ledgers that are entirely different will soon enter into a mutual relationship.

Since the announcement was made, quite a number of XRP investors have shown interest in the new development.

According to a tweet shared by flare a couple of hours ago, the response of the XRP ecosystem to Flare has been beyond expectation. Over 5400 accounts holding a total of 295 million XRP have been made ready to claim Spark tokens in just six days.

Flare tweeted, “The XRP ecosystem response to Flare has been massive. More than 5400 accounts holding a total of 295 Million XRP have set up to claim the Spark token in 6 days. Below is a set of FAQ’s to help people better understand the process.”

Flare Networks Intends To Bring XRP and Ethereum Ecosystems Together

Meanwhile, Flare has also announced its intention to integrate XRP and Ethereum ecosystems. According to the report, one of the first possible governance proposals to consider by the foundation would be the integration of a trustless 2-way bridge between Ethereum and Flare Networks.

“Likely one of the first governance proposals that the foundation is going to be asked to consider is integrating a trustless 2-way bridge between Ethereum and Flare.

“This would allow FXRP to be used trustlessly on Ethereum as well as providing a scaling platform for Ethereum tokens and applications whilst giving access to the XRP market for existing Ethereum applications. This could bring together the XRP and Ethereum ecosystems,” Flare noted.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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