What's all this about FXRP? Will there be a fork and anyone who holds XRP will be issued an equivalent amount of FXRP or will you have to trade in your XRP in return for FXRP?
What's all this about FXRP...
Colton Morgan
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Elijah Wood
It will fork, you get 1:1 spark for xrp. You do not trade in your xrp, it's a utility fork meant to compliment the original. First utility fork BTW, just more history being made.
John Lewis
>first utility fork
Ethereum and BSV are both utility forks.
Oliver Cook
Are you sure its 1:1?
Carson Perez
So if I hold call it 500 XRP, I will get 500 FXRP, leaving me with 500 of each?
So then its truly a fork, not an exchange, as some other have been saying.
Lucas Ortiz
There's no fork unless I missed some news. Official announcement of a fork would pump this noticeably.
Juan Moore
arnt they currently negotiating with exchanges to see if holders there will be rewarded?
Michael Watson
Yes 1:1 hold 2000 XRP, it is matched with 2000 FXRP/SPARKS... when this happens XRP bag holders will be twice as wealthy. Flare will be #1 in DeFi.
Better start accumulating that XRP or stay eternally btfo’d
Nathan Rogers
flare.ghost.io
Spark Issuance
The best community to own the asset that enables the use of XRP with Turing complete smart contracts is the community that will use it and benefit from it: XRP holders. Flare is not doing an ITO. Instead, it is doing what we term a utility fork. We believe it’s the first of its kind.
A fork traditionally has sought to take the user base of an existing network and depart entirely from that network, usually to have an antagonistic relationship with the original chain. In contrast, a utility fork is intended to bring value back to the original chain instead of moving away from it. Flare lets XRPL do what it does best, fast settlement, whilst bringing to XRPL, smart contracts and the feasibility to create a trustless pipeline to other blockchains. We think this is a truly powerful combination and a perfect example of utility.
100 Billion Spark tokens will be created to mirror the quantity of XRP that exists. There are approximately 45 Bn XRP tokens that do not belong to Ripple labs. The objective of the distribution is that XRP holders other than Ripple can claim approximately a 1:1 amount of Spark to their XRP holding. 45 Bn Spark will be claimable by XRP holders (stripping out known Ripple labs addresses). 25 Bn Spark will go to Flare Networks Limited which is Flare’s for-profit organization. 30 Bn Spark will go to the Flare foundation.
Nathan Hill
Will it just appear in my wallet?
fuck yeah