The airdrop snapshot will take place at the first validated XRP ledger index number with a timestamp greater than or equal to 2020/12/12 05:30 AM (IST).
  • XRP deposits and withdrawals will be suspended starting from 2020/12/12 2:00 AM (IST).
  • We will then take a snapshot of all XRP tokens held by Colodax users.
  • Deposits and withdrawals will be reopened after the snapshot is complete.
  • Please note that trading of XRP will not be affected during the airdrop.
The airdropped SPARK amount for each user holding XRP will be calculated based on the formula as follows:
User A = Amount of XRP held by User A at the time of snapshot / Total XRP held by Colodax at the time of snapshot * Total SPARK received by Colodax for the airdrop.
Please note:
  • XRP tokens that are pending deposit or withdrawal at the time of the snapshot will not count towards your XRP balance. Please ensure you leave sufficient time for deposits and withdrawals to complete prior to the snapshot.
  • XRP balances under 10 XRP (including those in trade orders) will not be eligible for the airdrop.
  • Colodax will distribute SPARK tokens after the project has completed the SPARK token distribution to XRP holders. We will post a further announcement once the distribution is completed.
Thanks for your support!
Colodax Team