Dear users,
Hotbit will support SPARK airdrop for XRP holders. Details are as follows:
1.Hotbit will suspend the XRP deposits and withdrawals at 16:00 PM on December 11, 2020 (UTC).
2.Hotbit will take the airdrop snapshot at the first validated XRP ledger with a timestamp greater than or equal to 00:00:00 AM on December 12, 2020 (UTC).The scope of the snapshot is "Spot account + Investment account", executed Sell Orders, Uncredited Deposits and Completed Withdrawals will not be counted at the time of the snapshot.Please operate with caution (Tips: the minimum holding amount of all users should be greater than or equal to 10 XRP during snapshot processing, otherwise you will not be able to participate in the airdrop).
3.The resumption time of XRP deposits and withdrawals, as well as the opening time of SPARK withdrawals will be notified via other announcements.Meanwhile,whether to open the trading of SPARK is subject to Hotbit's follow-up plans and announcements.
4.According the plan of SPARK team,the 15% airdrop will be released when the SPARK mainnet goes live (expected within 6 months). 85% airdrop will be released within 25-34 months. Hotbit will distribute it regularly after receiving the SPARK airdrop. Computation Logic:
SPARK airdrop received by User A = (Amount of XRP held by User A at the time of snapshot / Total XRP held by Hotbit at the time of snapshot) * Total SPARK received by Hotbit
5.Claiming Spark FAQ's & Further Information on The Spark Token Distribution
Hotbit team
December 9, 2020
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