Back

XRP Holders Start to Claim Spark Tokens With Ledger Wallets

Ledger Nano S users were among the first XRP holders to claim Spark, a native coin of the upcoming Flare utility fork.

article image
Cover image via stock.adobe.com

Spark, the 'utility fork' of XRP that addresses the empowering XRPL instruments with smart contracts functionality, has launched the first distribution stage of Spark tokens.

First Spark Tokens are Claimed by Ledger Users

Zac Shaiken, a big data expert at SAP and an XRP holder, announced that he claimed Spark tokens in views of the launch of Flare. He unveiled that the Spark tokens were requested through the Ledger Nano S hardware multi-currency wallet.

Mr. Shaiken utilized the manual by Wietse Wind, an XRPL Labs lead. As previously covered by CryptoComes, Mr. Wind has published a detailed walk-through and released a supportive software tool to facilitate the process distribution of Spark tokens.

👉 MUST READ XRPL Labs Head Releases Tool for XRP Holders to Claim Spark Tokens. First Listing Also Announcedrelated article image
 
Ads
Ads

Mr. Shaiken explained what it actually means to claim Spark tokens from a system that hasn't launched yet: 

Claiming is just creating a hash of your eth address and adding it to the message key field in your XRPL account.

He also warned all XRP holders that operate their tokens through Ledger devices that they should download the latest versions of the software prior to starting the process of claiming Spark tokens.

One More Spark Redemption Guide is Available for XRP Community

XRP enthusiast Dario Dario Ĺ uveljak, who has created numerous infographics that cover different aspects of XRP operations, has delivered a step-by-step explanation on how to obtain Spark tokens.

How to claim Spark
Image by Stedas

He emphasized that the users of the Ledger wallet should upgrade their firmware to v1.6.1 and obtain the latest version of XRP application 2.0.1. Also, the only non-custodial Ethereum-based addresses (e.g. MetaMask, MyEtherWallet etc.) can take part in the token distribution. That being said, no Coinbase or Binance account would work there.

As previously reported by CryptoComes, the Flare Network plans to build smart contracts system with XRP instruments as a backbone. The Flare Network utilizes the world's first Turing complete Federated Byzantine Agreement (FBA) mechanism and will issue FXRP tokens 1:1 pegged to XRP. 

Spark tokens will guarantee the integrity and economical sustainability of this system acting as a collateral. 

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

article writer image
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.)