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XRP Holders Can Earn on Their Spark Tokens with First Hardware Wallet Partnership: Details

First biometric hardware wallet D'Cent supports Spark airdrop, enables earning program for XRP holders

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Cover image via stock.adobe.com

Typically, hardware cryptocurrency wallets are referred to as the most secure tools for token storage. With a new partnership announced by XRP fork Flare, this type of wallets can also help users to earn on idle crypto.

Pioneering biometric hardware wallet supports Spark airdrop

According to the official statement by D'Cent hardware wallet, all of its XRP holders can claim Spark tokens in one click. To participate in Spark airdrop, a D'Cent user needs to allocate at least 20 XRP ($5) of his/her activated wallet. Then, he/she needs to install the latest updates for all elements of the software.

Flare XRP fork supported by D'Cent biometric wallet
Image by D'Cent

In the "Discovery" tab, the user should choose the "Claim Spark distribution" option. Once this option is activated, the user can receive one Flare address for every XRP wallet he/she adds. The process for claiming should be confirmed with a biometric signature.

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When the Flare snapshot takes place on Dec. 12, Spark tokens will be airdropped to the D'Cent hardware wallet with no further action required. The validity of the claiming operations can be checked immediately through a special XRPL-based tool.

The D'Cent wallet team admits that, actually, earning a Flare account for Spark tokens may take some time due to the current state of the XRPL network.

XRP airdrop and "yield farming" for Spark holders

To celebrate this useful feature implementation, the D'Cent wallet team launches the XRP airdrop. Any customer who purchases a D'Cent wallet between Oct. 15 and Nov. 13 will be rewarded with 20 XRP. Only the proof of purchase (the order number) and a valid XRP Ledger account is required for participation in the airdrop.

Flare Networks, the ideologists behind the Spark airdrop and Flare XRP fork, have applauded this step by the D'Cent wallet. Also, Flare Networks teased some lucrative DeFi options for Spark holders onboarded by D'Cent.

Flare (SPARK) teases yield farming on D'Cent
Image via Twitter

D'Cent will allow its users to delegate their Spark tokens and earn interest on them. Spark will be delegated in the form of "Oracle votes."

👉 MUST READ XRP Flare Fork Receives Its First DeFi: Detailsrelated article image

As covered by CryptoComes previously, Flare Finance—the first-ever DeFi protocol for Flare—will also release "yield farming" tools.

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Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)