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Holders who had XRP in their wallets and exchanges back in December will soon be getting a reward from Ripple Labs; an airdrop of Spark Tokens, the new utility token for the Flare Network. The Flare network will bring smart contracts and DeFi to XRP, and Ripple is using some innovative methods and protocols for creating liquidity, determining price, and validating transactions.

There’s a lot of information to cover, and by the end of this video you might come out with a minor in computer science. We’re calling it the Flaredrop! Today we get into the dirty details of what the Spark token is, and what’s in the future for Flare Network and XRP smart contracts.

0:00 Intro
1:31 XRP
2:19 Spark
2:55 Flare Airdrop
4:01 FTSO
6:25 Supported Assets
7:37 Spark Airdrop
8:04 Tax Implications

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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.

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