How to get the Litecoin airdrop? Free Flare (SPARK) token airdrop
The Flare Network team announced that they will integrate Litecoin on their network and that they will do a Litecoin airdrop for all LTC holders. Their last Flare airdrop for XRP had a huge impact on the XRP price, because everyone wanted the free Flare tokens.
This time LTC fans hope that the Litecoin price will surge.
We will update this article when there’s more information.
How can you receive the Litecoin airdrop? We will explain.
How to claim your Litecoin airdrop?
The first obvious rule is that you have to hold LTC within your portfolio. Check out where you can buy Litecoin:
- Binance (worldwide + 20% lifetime fee discount + not yet clear if Binance will support the Spark airdrop)
Flare Network allocated 5 billion tokens for this Spark airdrop and these tokens are coming from the Flare Foundation (founders tokens).
Flare foundation token allocation will be reduced so that 5 Billion FLR can be distributed to LTC participants. Full details to come next week. /2 of 2— Flare (@FlareNetworks) January 8, 2021
Since there are more FLARE tokens allocated that the amount of LTC in circulation, the ratio won’t be 1:1, but more something like 1 LTC : 75 FLR. This has to be confirmed with the Flare team.
Litecoin airdrop snapshot date: the snapshot and distribution will take place in Q2 2020, the exact date is unknown.
The easiest method to claim the tokens is to transfer your funds to an exchange that supports the Spark airdrop or use a supported wallet.
It is expected that the same exchanges that supported the other Flaire aidrop, will also support this LTC airdrop.
Some of the biggest exchanges that confirmed the Litecoin airdrop support:
- We will keep this list updated.
What will the Flare token price be?
No one know what the future price of this token will be. Most people are holding Litecoin, just to get the free Flare tokens. Whenever the Flare token has a significant value, then they earned free Flare tokens with value.