OKCoin will support the Spark (FLR) airdrop program for XRP holders. If you are an eligible customer holding XRP on the platform, you will automatically be included in the XRP snapshot on December 12th and the Spark airdrop later this year. The details are as follows:
Deposit and withdrawal:
XRP deposits and withdrawals will be suspended at 4:00 am PT (12:00 pm UTC) on Dec. 11, 2020. The trading function will not be affected.
We will take a snapshot of all XRP tokens held by OKCoin users at 4:00 PM PT (12:00 am UTC) on Dec. 11, 2020, to record users' XRP holdings. OKCoin will distribute Spark tokens after the project has completed the Spark token distribution to XRP holders. We will post a further announcement once the distribution is completed.
FLR amount received by user A = total FLR received by OKCoin for the airdrop * Proportion of XRP holdings of users
The proportion of XRP holdings = amount of XRP held by user A at the time of snapshot / Total XRP held by OKCoin at the time of the snapshot.
The distribution for Spark (FLR) is tentatively set for the first half of 2021. OKCoin will distribute Spark tokens after the project has completed the Spark token distribution to XRP holders. We will post a further announcement once the distribution is completed.
XRP tokens that are pending deposit or withdrawal at the time of the snapshot will not count towards your XRP balance. Please ensure you leave sufficient time for deposits and withdrawals to complete prior to the snapshot.
For the trading and listing of FLR on OKCoin, FLR will go through OKCoin's strict listing review process, as would any other coin/token. Supporting this airdrop does not guarantee the listing of FLR. The exchange's default position is no listing.
After the snapshot is completed, the deposit and withdrawal functions of XRP will be restored.