OKX to support XRP’s SPARK token snapshot and airdrop
OKX will support the Spark (SPARK) airdrop program for XRP holders. The details are as follows:
Deposit and withdrawal
XRP deposits and withdrawals will be suspended at 12:00 pm UTC on Dec. 11, 2020. The trading function will not be affected.
Asset snapshot
We will take a snapshot of all XRP tokens held by OKX users at 12:00 am UTC on Dec. 12, 2020 to record users' XRP holdings. OKX 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.
Distribution process
SPARK amount received by user A = total SPARK received by OKX for the airdrop * Proportion of XRP holdings of users
Proportion of XRP holdings = amount of XRP held by user A at the time of snapshot / Total XRP held by OKX at the time of snapshot.
Please note:
1. The distribution for Spark (SPARK) is tentatively set for the first half of 2021. OKX 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;
2. 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.
3. For the trading and listing of SPARK on OKX, SPARK will go through OKX's strict listing review process as would any other coin/token. Supporting this airdrop does not guarantee the listing of SPARK. The exchange's default position is no listing.
4. After the snapshot is completed, the deposit and withdrawal functions of XRP will be restored.
For further details, please refer to: Claiming Spark FAQ's , Further Information on The Spark Token Distribution.
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