We are happy to announce that all XRP holders on the HollaEx exchange holding the XRP tokens from Ripple, will receive on a 1:1 basis the new token Spark which is a utility fork of the XRP blockchain.
Spark's purpose is to bring smart contract functionality to the XRP ecosystem called the Flare Network. More on how Spark and the Flare network works here.
Spark is being handed out only to people who have an XRP balance on HollaEx Exchange and a snapshot of the XRP balance will be taken on December 12, 2020, 00:00 AM UTC and the Spark token will be distributed at a later specified date.
During the snapshot period, the sending and receiving of XRP will be temporarily halted.