 Welcome to digital asset news like a top stories and crypto current digital assets and break them down to bite size pieces today We're gonna talk about where are my spark tokens from the XRP or flare airdrop This is a question that I keep getting from a lot of different people and it's actually one of the questions that I have Myself so I want to dig deep and take a look at this but make it very simplified so first of all I put a lot of my XRP into the Celsius wall because it was the easiest for me and It actually shows in my Celsius wall that I have 23,000 worth of spark token which I had twenty thousand worth of XRP so great So I'm looking at this. I'm like, okay. It's already there, but that's not the case the snapshot actually happened About 12 hours ago or so So this makes it very confusing because we look at Celsius like oh, I already have the spark tokens But that's not the case really what's what's going on is that the snapshot was taken and you're not going to get the actual spark tokens from flair Intel q1 or q2 of 2021 so if you if you have Celsius or maybe another wallet where you you take a look at you like Oh, it's already here. It's not there. I think they put that in there just so people would not bother them Like like, you know, where's my spark and this and that so I think this is what they did But I could be incorrect. So this is actually from the flare official website I'll put that in the link in the description below flair.xyz and what they state here is it's very simple actually and this is a nice little claim decision tree I'll let you take a look at that, but I don't really care about that right now What I care about is this part right here. Let me so great nice and big so I can see it So distribution date. This is the big thing Distribution date is when the flair network goes live and that's not gonna happen Intel q1 or q2 2021 and some people talk about April not somewhere on April 2021. So right now they took the snapshot They have everything there. They're going to distribute it later So even if you have something like this on Celsius or any other wallet, you may think you have it But you don't have it. It's just a snapshot I'm actually making this video today because I actually put out a poll and I asked the same question Are all your spark tokens showing your wallet and yes and no when airdrop what and people sell the same question like Hold on what what what's going on? I don't understand So just you know that is exactly what's happening and then to get into some details about this airdrop first of all, there's gonna be a hundred billion spark tokens created and That's a ton and this is how it's actually gonna be as far as like distributed and the claim eligibility So really what it comes down to is out of the hundred billion If a certain exchange doesn't didn't actually come forth and say yeah We're going to actually be a part of that that means that all the people had had the XRP on there they would have been excluded and You would have gotten more spark because all those XRP holders were like well, you know They didn't really go for it So that's why I was kind of like when coinbase said it I was like man crap that sucks because that means that all the people on coinbase will get it at some point I thought that if they didn't do it then that'd be more a spark for all of us But hey, what are you gonna do and then also this is the people that are excluded they stayed other than ripple ink And then in the non-participant exchanges there are a few groups that are completely excluded from distribution One is Jed McKay lipple I'm sure everybody knows him in that little group So he doesn't get squat and then accounts that are known to have received XRP is all the fraud theft and scam So that makes a lot of sense. So that's pretty good. And then also there's a thing called a whale cap So if you have over one billion XRP you're capped out of that So if you got like one like two billion you're gonna get that one billion However, I think they can there's probably a way around that if you just have two wallets But I'm not for sure and then this is the big them big one what you will receive and win So each account that has claimed spark will receive 15% of the total spark for which they are eligible 15 This is 15% of the spark claimable term and the equation above you take a look at this nice equation That's got this thing as far as spark claimable XRP owned divided by and blah blah blah great The remaining spark claimable we will be distributed over a minimum of 25 months and a max of 34 months So you're looking at really two to three years. So what they do this? Well, it says it right here It's all about weak hands. Well, they don't want to have is people just get all these tokens all at once and then just dump them So this is why they're gonna drip everything out So if you participate in the snapshot congratulations, everything is done now It's just a waiting game and that's not gonna happen until around April of next year So hope that answers your question. So that's it. Just want to make this quick video just to talk about these little Issues that were popping up and things that I've seen so that is it for today. Thanks so much and I'll see you on the next one