Flare Networks announced in a statement on Friday that it will also award FLR sparks to LightQueen holders in order to launch its core network this year.
To Report The script will be to award these tokens in the form of airdrop. The Flair network wrote on Twitter that it would cut another 5 billion tokens that were to be distributed among the network’s founders.
The Flair network also intends to make DeQi services available to LightQueen holders. With the implementation of this plan, holders of LightQueen digital currency can also benefit from the functions of smart contracts in the network and on an integrated platform, just like the Ethereum network.
LightCoin is currently the fifth largest currency in the digital currency market. It was previously announced that Ripple (XRP) holders will also receive Spark tokens. Over the past week, the price of LightQueen has grown by 28%. Ripple prices have also risen 40 percent despite a lawsuit filed by the Securities and Exchange Commission (SEC).
According to reports, 45,827,278,412 Spark tokens are to be distributed to Ripple holders at AirDrop. It is said that the distribution of these tokens will take place in the first half of 2021.
Hugo Philion, CEO and co-founder of Flair Network, has previously said that the Spark-XRP distribution ratio will be around 1: 1. In other words, Ripley holders who are eligible to receive a Spark will receive 1,0073 Sparks per XRP.
Recently, the exchanges of Coin Base, Bittrex and Bitstamp announced that they will stop trading Ripple. However, the Flair network has assured eligible individuals that they will receive their Spark tokens. The company has also announced that it will release AirDrop details for LightCoin owners next week.
It should be noted that there is no guarantee for the value of Flair tokens at the time of delivery.