Understanding XRP and the Upcoming Spark Token Airdrop
Overview
In this episode of the crypto investing series, we delve into XRP, its recent price surge, and the upcoming Spark token airdrop scheduled for December 12. The video explains the implications of the airdrop for XRP holders, the mechanics of blockchain forks, and the potential impact on the XRP ecosystem.
Key Points
- XRP Price Surge: XRP has seen a significant price increase, jumping nearly 160% recently, attributed to market speculation and the upcoming Spark token airdrop. For more insights on cryptocurrency trends, check out our summary on Understanding Cryptocurrency Derivatives and Market Trends.
- What is the Spark Token?: The Spark token (FLR) is being introduced by the Flare Network, which aims to enhance the utility of XRP by enabling smart contracts. To learn more about how tokens can impact community engagement, see our guide on Unlocking Community Building with Learning Tokens - A Comprehensive Guide.
- Blockchain Forks Explained: The video discusses the concept of blockchain forks, including soft and hard forks, and how they can affect the value of cryptocurrencies. For a deeper understanding of blockchain applications, refer to our summary on Building a Blockchain-Enabled Electricity Market: Insights from Power Ledger.
- Airdrop Mechanics: XRP holders will receive Spark tokens based on their holdings as of the snapshot date, December 12. The distribution will occur in phases, starting in March 2021. If you're interested in maximizing your crypto earnings, consider our insights on Maximize Your Crypto Earnings with BitTrue: Daily Interest Explained.
- Impact on XRP Ecosystem: The introduction of the Spark token is expected to create additional utility for XRP, potentially increasing its value.
- Investment Strategies: Viewers are encouraged to consider their investment strategies regarding holding or selling XRP before and after the airdrop.
FAQs
-
What is XRP?
XRP is a digital currency created by Ripple Labs, primarily used for cross-border transactions. -
What is the Spark token?
The Spark token (FLR) is a new cryptocurrency being launched by the Flare Network, designed to enhance the utility of XRP through smart contracts. -
When is the Spark token airdrop?
The airdrop is scheduled for December 12, 2020, with a snapshot of XRP holdings taken on that date. -
How will the Spark tokens be distributed?
Holders of XRP will receive Spark tokens based on their holdings, with the distribution occurring in phases starting in March 2021. -
What should I do to qualify for the airdrop?
Ensure your XRP is held in a supported exchange or custodial wallet by the snapshot date to qualify for the airdrop. -
What are the risks associated with holding XRP?
The value of XRP can be volatile, and market conditions may change rapidly, especially around the airdrop date. -
Can I sell my XRP after the snapshot?
Yes, you can sell your XRP after the snapshot, but consider the potential impact on the price and your eligibility for the airdrop.
[Music] hello everyone welcome to the next episode of my crypto
investing series today we're going to be talking about xrp uh which is the cryptocurrency by ripple
corporation so we've already spoken about xrp in my september video i
mentioned how it is one of my largest holdings and i spoke about the price fluctuations that can
happen and how it can reach one pound in my september video and incidentally last week i had even
tweeted about it uh where in you know one or two days and couple of days literally
it jumped up nearly 160 percent you know if you had bought it for a hundred pounds it would have become
like you know 160 pounds if you bought it for a thousand rupees in india and it will become like 2 600 rupees in
literally a couple of days from the time i had posted it has almost jumped up nearly 200 percent so
you know if you had uh bought it for you know whatever amount you had bought it for it have been like three times that
money uh by now uh in in the last couple of months
why did it jump so much and also there is a uh there is a news that is out there in the
market saying there is a free uh spark token that is being given for xrp holders
which is coming in december you know what is this free spark token ad drop what does it mean for xrp why is the
price going up where does it go from here do we buy it now do we hold it should we
sell it after the december ad drop you know what do we expect from the art drop
why is this a drop being even done i'm going to be talking about it very comprehensively
i'm going to explain about everything in detail so another disclaimer is that this is also going to be lengthy video
probably about 30 minutes um you know like i've always said the interpretation of any information is
what is critical to make a decision so you know information is always out there you can
have a one liner saying that there is an address happening but unless you have an interpretation a
comprehensive understanding of the information you will not be able to make a
meaningful decision out of it which is what i have attempted to do i prepared a very detailed document i'm going to go
through it and explain it fundamentally what it means for this ad drop what it means to
xrp what it means to the ecosystem and the value of xrp and
what happens specifically on the 12th of december and what do you need to do as an example holder
so as usual i have a document which have explained it in detail with regards to the
xrp spark token so first thing is you know if you're not following me on twitter you can probably follow me on
twitter because i post constant updates i don't post that frequently on youtube but in twitter i post frequent updates
whenever i see a price moment or whenever i see anything that is material enough i post it on twitter as well so
which is where i posted about the first time i did a 150 percent plus jump so um xrp jumped from nearly about 23
um cents to about 64 cents in the last uh um few weeks roughly about 160 percent up
this month and about 200 percent this year i would say and one of the possible reasons that it
could be because of the free spark token by the flower network that is coming up on the
12th of december so there is a there is a one line or a statement that you would have probably heard about um
if you if you heard about this that there's a spark token that's being newly created or newly introduced and
xrp holders are going to get free spark tokens on the 12th of december now it's not as simple as that so we're
going to be looking at a bit more detail and what you need to do if you are an xrp holder so
first of all what is the spark token so before we see that right you need to understand what is a blockchain fork
a blockchain forecast you know all the blockchain it's basically a software it's running on
multiple nodes of you know the machines that are supporting it on the network and when all of the
machines are running uh they they usually run on the same software version and
developers open source or whatever the software when it's an open source software especially right for blockchain
like bitcoin for example the developers constantly uh keep you know proposing updates or keep
proposing like you know it could be security updates it could be performance updates it could be new
functionality they could be proposing updates to the blockchain software version and if um
let's say the all these software is running on software version a and if all of the developers have a
consent system they all agree uh and all of the nodes agree node owners agree then the whole echo system moves from
software version a to c4 for version b all of the nodes move from one software version to another software version
this is very common um that happens in the background and we don't even get to know about it when the node versions
changes only the people who are doing the mining or running the blockchain nodes
they actually uh have to do some work behind it we as a crypto user or a crypto holder we don't
have to worry about it there is a voting or a consensus that happens you know
whether or not this software can go ahead and whether or not everybody accept it
what happens if there is no consensus right if if all the developers don't reach a consensus
um something called a software fork can happen wherein many of the nodes can choose to
remain in the older software version and those who have agreed can go into the newer software version so
both the software versions can actually run in parallel where a few nodes are running the older version if you are
also running the newer version there is a cross-compatibility issue this again
this is all behind the scenes we still don't need to know about it we still do not need to worry about it but
this is called as a soft fork now the issue comes when uh you know the the the
nodes that are not agreeing the developers or the nodes that are not agreeing
they don't want to exist in the same ecosystem they branch off and create a separate coin and the example is
like when bitcoin was hard forked into a new coin called bitcoin cash this this whole process
of completely detaching from the core basic um digital token and creating a new
digital token is called as hardworking and bitcoin cash when it was created there was a bit of a disruption to the
value of bitcoin and today bitcoin is about 1700 bitcoin cash is about 275 dollars in september
in november 2020 but you know again you know both are now existing as two different crypto
assets and you can actually trade both of your sets you can basically trade each other as
well but this is a hard fork and there is another common
example where people actually copy the entire blockchain software create an alternative version
of it with changes or modifications none of the nodes participate in the new blockchain but
you know they create new nodes or they go with the new partners and an entirely new coin is created
which has nothing to do with the base coin it's just a copy of the existing coin
for example um bitcoin was uh was copied and created as a the whole open source code was copied and created as an
entirely new cryptocurrency called as litecoin which was much lighter than as its name suggests it was
more lighter in processing than the bitcoin so in this scenario an entirely new coin is created
using a copy mechanism again this is a example of blockchain fork now this is what is going to happen to
ripple in all of these scenarios um there is a substantial price volatility whenever a
fork happens because you're basically taking away customers you're taking away um
you know blockchain nodes from the base currency to the new currency and um in most cases like you know bitcoin
to bitcoin cash for example trading gets suspended um sometimes for both the coins
mining is affected because the the nodes need to node owners need to decide which currency they're going to support
you know which version of the software they need to run there is a bit of work that needs to be done in the
background and as a user we also get to uh get impacted because of the prices being volatile and because of the
deposits and withdrawals being suspended the original token loses a bit of value there's a lot that happens and it's
quite visible so why is the spark token um different because what they are doing is so flower
network is the network as the organization behind this forking you're going to copy the xrp protocol
into an entirely new protocol called fxrp protocol and what they're aiming to do is the world's first
utility fork you know which is aimed at bringing more utility and more value to the original currency that they're
actually forking from or copying from so you know none of the folks before had actually
brought more value to the original currency like you know bitcoin cash when it was
created it actually reduced the value of bitcoin because of a uh impact that it created but what they
are attempting to do with the flower network is that they're creating a token called the
spark token which is flr is the code of the token and they're trying to create
more value for the xrp digital currency or the xrp ecosystem how are they aiming to do that that's what we're going to
look at so in our episode one we spoke about smart contracts and
about the impact that it was creating in the multi-billion dollar market smart contracts are basically a
trustless contract or a trustless economy where um you can easily create financial contracts between two parties
without having a trust in in between them so that's a trustless economy that is being created
and we also spoke about in our episode one how this uh it's a multi-billion dollar industry
or a multi-billion dollar market where in the last couple of years it has probably increased by three thousand
four thousand times um in terms of the value that that uh it was it was existing before
in in 2018 as compared to 2020 so it's a rapidly increasing market and it's an untapped market right now
what flag network are claiming is that 75 percent of the value is despite the fact that it's a
multi-billion dollar market what fireworks are claiming is that 75 of the value in the public blockchain
um in in public blockchain domain cannot be used in smart contracts because of
various reasons but primarily because they don't support a trustless ecosystem which is the the
fundamental uh requirement for creating a smart contract also the uh scalability issues that exist in in
those blockchains you know for example one of the common methods to avoid scalability is uh to use proof of stake
instead of proof of work so that you know you're not dependent on the computing power of multiple computers
um the scalability is important because if thousand users are using it it works fine if ten thousand users use
it it kind of slows down and if millions of users are using it it slows down even worse like for
example you know ethereum uh it's a classic example where if there is not much condition if nobody is
actually buying or selling you can actually transfer ethereum from one wallet to another wallet in minutes
but whereas there is congestion then it takes like you know it takes more time and sometimes i've even waited for
hours and hours to transfer ethereum from one wallet to another wallet because there's
so much congestion and the fees is so high so it's definitely not scalable the current existing proof of stake or
proof of work um the blockchain technology is not scalable right now for these smart contracts is what flar
network is mainly claiming and what they're trying to do is they're
trying to solve these two problems these two limitations with their innovative protocol the
changes that they are making to the xrp protocol using the spark token and also what they
are doing is they are not leaving out xrp copying from xrp and creating a spark token
they are not leaving out xrp they are still giving value back to the xrp which is what is unique about this this
whole concept that they've created so uh technically the the flag network has created a white paper which goes in
detail about how the spark token works and how this this is put into practice and it's it's a
very fascinating white paper to read if you want to go into the detail support but for the purpose of
this video we'll stick to that level of technical details we'll not go beyond it because otherwise it'll become extremely
technical but in essence what they have created is they've they've branched off a new protocol from
xrp called as fxrp and they're using that fxrp for uh enabling the smart contract so in
rough words right um anybody who's holding xrp they can actually provide xrp as a collateral
into this fxrp network and in the internal mechanism of xrp fxrp will
use it convert it into spot smart i mean spark tokens and will create the smart contracts and
essentially because the person has provided the xrp as a collateral he will get um xrp tokens as a reward
back and that's that's basically how they're enabling more value for the xrp
ecosystem so you know um essentially except xrp holders can uh like you know how the
staking works they can actually provide it as a collateral to the whole ecosystem of
flower network and they can get xrp back that's a summary in nutshell i would say so what
does it mean for xrp as an ecosystem right so today we know that xrp the main fundamental utility is the
cross-border transactions where you want to transfer money from one currency to another currency one country
to another country you use xrp as a intermediate mechanism and the protocol ripple protocol
uses the xrp token to easily transfer currency from one country to another country
one currency to another currency in a matter of seconds where it used to take hours like in the swift system for
example we already spoke about it in some of our previous videos now with the uh
spark token xrp will have two utilities or two fundamental utilities one the cross-border transaction is still going
to be continuing as it is it's not touching it and there is no diminishing in the value
of xrp using the utility of transporter transactions but they're creating a new entirely new
utility using this collateralized smart contract system in the fxrp network that they're creating
where they're converting xr xrb into smart talk spark tokens and using it in the
smart contract network which would mean the x rp's utility value will increase and when the utility value increases
the price of xrb should also go which is what they are aiming to do the value of the
xrp ecosystem should also go up because of the utility value that they are creating in
addition to the existing utility of xrp so with this said you know uh which is why they are rewarding xrp
holders with spark tokens when the coin goes live because it's a complete copy of the
xrp coin the complete copy of the ecosystem so they are actually rewarding um all of the xrp holders with spark
tokens that are being created when the network goes live so today there are 100 billion xrp
tokens uh in total right and there's a one is to one ratio so we're going to create they're going
to create 100 billion spark tokens which is 100 billion flr basically so if it was a
1s to 1 ratio it's as simple as that but you know we all know that only 45 billion xrp is in available supply
rest of the 55 billion is still in the ripple escrow so it's not released to the market yet
so they're going to follow a similar distribution at level 0 where only 45 billion spark tokens would be
issued to the holders to begin with and the rest of the 55 billion will be split across between
flat networks limited and flyer foundation where one is a for-profit network another is a
controlling organization but basically essentially the same organization so like how ripple has done
they're going to still control the 55 billion sparked tokens within themselves 45 billion of spark tokens is being
issued and distributed to the xrp holders now if there is still no other
ifs and bytes or conditions basically then every xrp holder will get one one spark token which means that if you
have 100 xrp tokens you will get 100 flr but then again you know further exclusions come into play where
certain type of xrp holders are excluded from the distribution which means that the ratio
will not be one is to one so who are getting excluded so first of all we need to look at the fact that
uh participating in non-participating exchanges some exchanges have decided not to cooperate with the flower network
despite the repeated returns to reach them and they are not going to be allowing
flower network to do the ad drop for their users and a lot of exchanges have already
cooperated with network and confirmed their agreement with flower network crypto.com
bitro xerx for example uphold finance they've all confirmed but binance us coinbase kraken
um they have basically openly said that they're not going to uh cooperate with the
flour network which means that if you hold your xrp with these exchanges then you will not get
the free air drop of spark tokens and some exchanges they have said that they are going to
support the flower network spark top and distribution but flower network have in turn said that you know
they have not been approached by those exchanges polynex is an example where poloniex have said on their
helpdesk website saying that they are going to support it flat network has openly come out and said
we have not been uh in contact with the politics or they haven't contacted us to arrange
the mechanism of address so we're not actually still supporting it and you can see the full list in that in
the link that i'm giving i'll attach the link to my description as well so it is getting updated on a
daily basis this is as of 28th of november and you can actually see all of this information
if you follow flower networks on the twitter page they constantly keep updating every
network uh every exchange when they are engaging with the exchange you can openly see the
dialogue that happens between those exchanges as well the poloniex again is an example where politics have said that
they are supporting it on that twitter page flower had responded back to poland saying that
they are not supporting it yet because they have still not contacted them directly in terms of the distribution
mechanism so it's useful to go to that link and also follow um
flower networks on the twitter page so um what it leaves us is that uh you know
the further exclusions that that apply for the holders right so if there are any ripple on outside of
the escrow you know there are still the distributed ripple tokens or in use xrp tokens that are still owned by
ripple corporation so if there are any ripple owned addresses whether plus the controlling
organization if there are any ripple owned addresses and accounts they will still be excluded still the
company accounts so this distribution is only for the general public which means that they will still be excluded
non-partisan exchanges like we just said will be excluded and if there are any accounts that have
obtained xrp through fraud or theft like you know in in the blockchain world
um if you commit a fraud or a theft you can always trace back all the addresses which had participated in the fraud or
theft and you know that you can tag those addresses as those addresses which had
obtained the xrp using a fraud or a theft and any known addresses like that and accounts are
going to be excluded from the distribution as well because they didn't obtain it in a fair
way so which would theoretically mean that once you exclude that the ratio is going
to be above 1. now i've done a sample calculation this is not an accurate calculation but
i've used a fairly simple calculation to just show you how much it could be for argument's sake
basically if if 45 billion is distributed like this 28.25 is the participating exchanges and
triple 1 is 10 um fraud addresses are 2.25 and non-participating is 10 billion
and roughly you get like half the participating exchanges are the eligible ones for distribution
which means the ratio will be one is two forty five billion spark tokens distributed across to twenty two point
two five xrp tokens just like one is two ratio which means that every xrp holder can
get two spark tokens so if you have 100 xrp tokens you might be eligible for getting
200 flat tokens in the right exchange but again you know it will vary depending on the factors
described but from what we know it is already going to be above one is the um is the explanation that we've just
given so what's going to happen on the 12th of december 2020
is a deadline by which all of the token holders should have moved their xrp to a supported exchange or a supported
custodial wallets if you have a non-exchange wallet for example like atomic wallet or for
engine wallet then those are also supported do not be connected to the exchange
you don't need to move it to a supported exchange just because you want the spark token
there is a detailed steps that is given in the flower network web page where you can actually follow it
if you have a custodial wallet to obtain these spark tokens so on the 12th of december all of the
xrp balances will be snapshotted which means that they will take a snapshot
at that point um of all of the balances in all of the supported exchanges to say that this is how much xrp
they have and based on that is when the calculation will happen and the distribution will will begin
based on the uh snapshot that is taken on that particular day on the 12th of
december but you will not get all of like you know you you have thousand uh xrp then you will not get all of the
thousand spark tokens all at once um you know on the 12th of december that's just the
snapshot day on the deadline for the snapshot day so um roughly 15 of the
uh tokens eligible tokens like if you are eligible to get like 1000 or whatever
15 of it 150 tokens would be distributed on day one of the network launch which is in spring 2021 for argument's
sake i've said march 2021 the remaining is distributed randomly every month in a decreasing capacity
over a 24 to 34 25 to 34 month schedule so you could basically get the remainder in the next
three years um and it keeps decreasing on on a month on month basis
for example you know you have 2000 xrp and the ratio is 1.5 then you are eligible for 3000
flr tokens so fifteen percent of it is 450 fl which will be given to you uh 450 spark tokens will be given to you
on day one whenever the network launches on let's say 31st of march 2021 on 31st of
march 2021 whichever exchange that you are holding your xrp in that exchange a spark token address will be
created and you will be distributed flr tokens on that particular day the remaining 2550 flr is allocated to you
randomly every month till you get your entire token allocation and it will keep decreasing
on a month on one basis this is done so that you know there's a lot of reasons behind it
but it's basically done to me make sure that there is enough liquidity in the flow space and it makes sense as well
but um what do you need to do if if you're already holding your xrp in a supported exchange like crypto.com or
wazirex or bitro for that matter you don't need to do anything they have already confirmed
both flower networks as well as these exchanges they've already confirmed that
they'll automatically get your free spark tokens even if you put it into a staking for example if it's in a power
piggy in a bit true it still counts but if you have if you have actually
collateralized it and taken a loan against it then it won't come because it you don't want it actually outright um
but you can keep it in a staking uh wallet like you know in vitro you can put it in powerpiki
doesn't matter you still own it and you still get the benefit out of it but if you hold your xrp in an
unsupported extension like kraken or any any exchanges that have still not confirmed support for it then you have
to move it to a support exchange if you want the free document if you don't then you will not be
included in the ad drop process you will not be even counted towards the free air drop calculation in that sense
if you self custody using the custodial wallets that i just described then there are steps that can be followed on the
flower side where you can apply for the um the add drop
if you are if you are not connected to an exchange for that matter right so what happens exactly on the 12th of
december what do we expect on the 12th of december the time that the snapshot is going to be taken
as zero zero hours gmt on 12th of december so in us there will be a different time it
will probably be still 11th of december in u.s and in india for example it will be 5 30
in the morning on 12th of december um so the time zone will vary but the time that it's going to take and be
taken is the same for all of them um so which technically mean that many exchanges
will actually start freezing the deposits and withdrawals they'll start suspending the reports and
withdrawals to allow for the snapshot to happen efficiently so that during the snapshot the the xrp
tokens aren't moving between one um exchange to another or one address to another so
they wouldn't want it to be in transit and and the snapshot that loses out on the balance
right so for example what xerx have said that they're going to start suspending the deposits and
withdrawals two hours before the snapshot happens by three am um ist two under first
before the snapshot happens so um if you are in a network you know i i would suggest that
if you are actually going to buy or move whatever you're going to do do it by at least the 11th of december
or even by the 10th of december you know it's better it's always better to do it like at least one day or two days before
and don't make any movements during the last day because if there's network condition
if xrp doesn't arrive then you might end up in a soup so you know whatever you want to do do it like at least a day or
two before um the snapshot gets taken if you are interested in the spark document drop
so what could happen what does this mean for xrp right the value could go up from now till 12th of december a lot more
people could come up uh because retail investors are now coming up hearing about xrp
reading about a free uh token drop being done for holders of a particular coin new utility
being brought on to xrp so this all could mean that the value could go up for xrp leading up to the 12th of
december and later on when the smart contract gets introduced when the flower network
comes on when the spark tokens come on the value could increase or decrease after march 2021 depending on the
uh usage of the flower network the adoption of the flood network the adoption of the
fxrp protocol and everything else but what is going to happen right now in the next you know two weeks right
so all the information i mean all that we have we have explained till now is information is
basically data this part is going to be speculation based on that information it's basically
speculation based on that information that we've just described right now there's a lot of new
demand for retail investors from retail industries which would also mean that
institutional investors will come into play because when they see that there is a lot of demand from
from retail investors always institutional investors will come into play these are large investors
who probably trying to buy it inflate the price and sell it and move out of the
ecosystem before the um the snapshot happens all they are interested in making a quick
profit before the snapshot happens they are not going to be interested in the spark air
drop for for you all you know they might be but you know typically institutional
investors make use of this kind of opportunity where there is a demand there's an expected
demand they come in they quickly buy sell make like 100 200 profit and more so this is something to
watch out for in theory because of the institutional investors pulling out
there could be a drop before the um 12th of december snapshot because they're basically mass selling it and
making or taking out all the profits and so there could be a drop before the 12th of december 2020.
and uh after the snapshot retail investors could be selling like you know immediately after the snapshot now the
snapshot is taken you don't need to hold the xrp you will anyway get the spa card sabbat token
when they start to see a fall in the price they'll probably panic a lot of retail investors new investors
probably would panic and panic selling will happen which could also mean that the price
will go down so you need to decide your priorities you need to keep this in mind and make a
psychological decision before understanding that these things could happen
um and you know stop your panic playing stop your stop losses first of all so again a bit more speculation right
you know just comparing you know what would happen if you hold or if you don't hold for example
now spark tokens that get like if you don't hold till the 12th of december spark tokens that get
distributed we don't know what the value is going to be all we can do is you know speculate what the value could be
the spark token one spark token could just be one cent like one rupee or it could be ten
dollars for example 740 rupees so if you hold thousand xrp today it's roughly about six hundred dollars or
about 46 000 rupees in indian value and if the spark token is only one cent rate um then
150 spark tokens say 15 that you get on march 2021 based on a one is to one ratio i'm just
using an example it could be only only worth like hun one 1.5
dollars worth of xrp could get you only like one point five dollars of spark tokens 150 rupees so forty six
thousand rupees plus 150 pieces practically nothing so all of the effort could have been for nothing on the other
hand we don't know um you know how much value this park token or the fx rp system
could attract from the uh industry at that point when it launches like you know there are
tokens like wi-fi for example which which have huge values so if spark token even comes
anywhere nearer to that value then and it could probably launch a ten dollar price range
for example right 750 rupees which technically means 150 spark tokens in march 2021 the first tranche
other not the entire branch could be worth like thousand five hundred dollars so if your six hundred dollar xrp could
get you a thousand five dollars worth of spark tokens so it is up to you to decide uh you know
how much are you willing to take the risk or how much are you willing to
accept the fact that xrp even if it comes down i can be compensated by spark tokens
so that's basically a bit of a risk taking that you need to do at this point if the xrp value reaches one
dollar for example from now till december 2021 right december 2020 12th of december 20 20
between the next two weeks and let's say argument's sake you know you're already in hundred percent
i mean i'm probably like more than 100 profit so it's exceeding the theoretical values
i just described and you might probably want to take some profit so um my strategy you know i've always said
this you know realize profits because unrealized paper profits
probably cost you more regret um than the fact that you keep thinking that i could have waited
a bit longer so always make sure that you realize some profits and you could probably you know keep
one portion that you're going to realize profits keep one portion in your mind that you're actually going to hold for
this parked open air drop so that's again my strategy and like i said i'm not an investment advisor
i've just explained all the information out to you so that you know if if you didn't get all of this information
from a single site or you weren't able to understand it hopefully this video helped you
understand everything that's going to happen in the next two weeks and also later with regards to the spock
talking and drop so again if you found this useful please post your comments and give me your
feedback until next time thank you [Music]
you
Heads up!
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In this episode, we explore the Flare airdrop process, focusing on how to wrap and delegate your tokens to earn passive income through the Flare delegation process. We also discuss the end of Epoch One and provide calculations on potential earnings from this process.

Crypto Series Episode 21: Monthly Update on XLM Transfers and Current Holdings
In this episode, we explore the latest updates in the crypto world, focusing on transferring XLM between wallets, current holdings, and new crypto purchases. We also discuss the implications of XRP's SEC issues and introduce XLM as a viable alternative for transactions.

Understanding Songbird Token: A Free Airdrop Explained
This video provides an overview of the Songbird token, a canary chain token set to be distributed as a free airdrop. It explains the concept of canary chains, the relationship between Songbird and the Flare network, and the eligibility criteria for receiving the token.
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