Flare Network FAQs - Learn more about Spark token
Everything you need to know about the Flare network and its native Spark token in Exodus.
In this Article:
- What is the Flare network?
- What is the difference between the Flare network snapshot and launch?
- How is Exodus handling the Flare network?
- Can I still register my XRP address?
- Why can’t I see the advanced options button in my Exodus wallet?
- How do I view my Flare Address?
- How do I view my Flare Spark Private Keys?
- What is the Songbird token?
What is the Flare network?
The Flare Network will be launched soon with its native Spark token.
The Flare Network is a new Layer-1 blockchain aiming to bridge other networks that don't have smart contracts through their F-Asset system.
The network is expected to launch in the coming months, and will use its native Spark (FLR) token for governance and collateral.
The Flare Network uses the Avalanche consensus protocol adapted to Federated Byzantine Agreement and leverages the Ethereum Virtual Machine.
For more information and to keep up to date, check out the official Flare network blog.
What is the difference between the Flare network snapshot and launch?
The Flare snapshot occurred at 0 UTC on December 12, 2020.
However, the Flare network will launch months from this time, and only then will the airdropped tokens be delivered to your Flare address.
The Flare network is organizing this in such a way that you will receive your airdropped tokens in a 1:1 ratio based on your XRP holdings in your Ripple address at the time of the snapshot.
This means that if you held XRP inside of your Exodus wallet during the snapshot and registered your XRP address before June 12, 2021 you’ll be eligible to receive the rewards.
How is Exodus handling the Flare network?
The Spark tokens won't be seen in your Exodus wallet until it's supported, which will be decided closer to the launch of the Flare network.
Not to worry though, as you are in complete control of your Exodus wallet, you always have access to 100% of your funds. So even if Exodus does not support the Flare network, you will still be able to access your Spark tokens by locating your Flare Spark Private Key and importing it into a supported wallet.
Can I still register my XRP address?
Registration for the Spark (FLR) airdrop has closed as of 0:00 UTC June 12, 2021.
Why can’t I see the advanced options button in my Exodus wallet?
Please note: The advanced options button will not appear if your wallet is not eligible for registering. To check if you are eligible please read the above section.
How do I view my Flare Address?
To view your Flare address, all you need to do is:
- Grab your Ripple receive address from your Exodus wallet where you registered your address.
- Once you have copied your Ripple receive address, head over to this Ripple block explorer and paste it in.
You will see your address next to where it says Flare address.
How do I view my Flare Spark Private Keys?
Please note: To view your Flare Spark Private Key on mobile, you will need to sync your wallet to a desktop device and view it there. To find out how to sync your mobile device to a desktop device, please check out this article.
- Open your Ripple wallet on your desktop computer.
- Click on the three dots in the top right corner, then click View Flare Spark Private Key.
- Select YES, I'M SURE.
Please be careful with your private keys! Anyone who has your private key can control the funds on it, therefore don't import your private key into any platform that you do not 100% trust. To find out how to keep your money safe please check out this article.
- Unlock your wallet to view your Private Keys.
What is the Songbird token?
The Flare Network announced that in the next six weeks they will release Songbird, a "Canary" network for Flare.
The Songbird network will have its own token, Songbird (SGB), which will be airdropped to the recipients of the FLR distribution. For every 1 XRP that was held at the time of the snapshot, 0.1511 SGB will be allocated.
The Flare Network has not yet announced when the SGB airdrop will take place. For more information, you can read the full announcement here.
To stay up-to-date, please visit the Flare blog.