Coinbase announced Saturday that it plans to support an upcoming airdrop that has been seen as a component of it. Increasing the price of XRP In recent weeks.
Coinbase wrote, “The amount of spark you get during the snapshot depends on how much XRP you put on your account. Details about the airdrop will be posted this week, a company spokesman told Kindesk.
Spark Hall is its original token Flare network, A system that brings ether-like functionality to XRP lasers.
The team behind the smart-contract project, “Flyer’s token, Spark could be the first utility fork through which the source network, in this case XRP laser, benefits through enhanced utilities,” is the team behind the smart-contract project. Wrote in August.
XRP is up about 10% in the last 24 hours, according to Coindesk data.
Crystal Young, a spokeswoman for Coinbase, said: “Supporting new networks and their projects is important not only to meet customer interests, but also for the continued development of the crypto ecosystem.”