Giottus Supports the Flare Airdrop for XRP Holders, Get 5% Extra Flare tokens
One of the leading cryptocurrency exchanges of India, Giottus supports the Flare Network airdrop for XRP holders. The Flare Network airdrop snapshot will be taken on December 12, 2020, at 5:30 am (IST) and all users must transfer their XRP coins to Giottus or other supported exchanges.
Giottus Official Announcement
The airdrop ratio is 1:1 means you get 1 Spark token for each XRP you hold, but here is the twist.
While there are few other exchanges who are also supporting Spark token airdrop, You get 5% more Spark tokens holding your XRP in Giottus than any other exchange !!
Spark Airdrop Eligibility and Details
- All users holding 10+ XRP at Giottus at 5.30 am (IST) will receive free Spark tokens.
- Giottus is giving an additional 5% SPARK free to all eligible users (Only at Giottus)!!
- XRP balances under 10 XRP (including those in trade orders) will not be eligible for the free Spark tokens.
- Giottus 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.
- Amount of Spark each user will receive =
(Amount of XRP held by the user at 5.30 am (IST) on 12/12/2020 / Total XRP held by Giottus at 5.30 am (IST) on 12/12/2020) x Total SPARK received by Giottus for the airdrop - Giottus is giving an additional 5% SPARK free to all eligible users.
Note: All XRP deposits and withdrawals will be paused from 11:30 pm (IST) on 11/12/2020. Users must transfer their XRP to Giottus before this. Deposits and withdrawals will be reopened after the snapshot is complete.
What is Flare Network?
Flare is at its core a new way of scaling smart contract platforms that do not link safety with the value of its token. Flare still requires a token for the operation of the network, principally to deter spam transactions. Flare’s token is called Spark. Because Spark doesn’t have network safety implications it is well suited to enable the trustless usage of non-Turing complete tokens with smart contracts.
Flare is the world’s first Turing complete Federated Byzantine Agreement (FBA) network. Nodes run the Avalanche consensus protocol with a key adaptation to the FBA consensus topology. FBA is unique as a consensus topology in that it achieves safety without relying on economic incentives that can interfere with high-value and high-risk use-cases. In short: Flare can be used as a smart contract platform for XRP or as a trustless pipeline for XRP to other networks.
More about Giottus
Giottus is the most-liked and rated exchange in India. Giottus supports INR, BTC, TUSD, and USDT trading pairs on their platform. The exchange platform is easy to use and has a simple user interface.
Giottus partnered with the global leader in custodial services Bitgo to provide 100% insurance to users’ funds. The funds stored in Giottus cold wallets are 100% insured that makes it one of the safest exchanges in India. Giottus has the fastest KYC verification. The KYC process only takes 5-10 minutes and users can start trading as soon as their KYC is verified.
The exchange team is dedicated to providing the best to its users. If there is a question or issue related to KYC or trading, Users can reach Giottus customer care. The exchange provides multiple channel customer support. Users can reach the customer care services via Live Chat, Phone, Email, and Ticketing system.
Giottus takes the referral program to next level. Users get upto 100% of the referral earning and get a chance to win 10,000 Matic tokens ( Approx value $190 at current price). There is no upper limit in referral earning. Refer as many customers as you can.
Giottus gives bank withdrawals 24 x 7. All the deposits and withdrawals are processed within 10 seconds. The exchange supports multiple deposit methods including IMPS, NEFT, UPI, RTGS, Debit cards, Netbanking, and online wallets. No Fees for INR Deposit & withdrawal, Lowest fee in the market for Trading and cryptocurrency withdrawals.
Giottus also have 0 withdrawal fee for Ripple (XRP) and Tron (TRX). Ethereum fee is also the lowest in the market.
If you want to win an extra 5% Flare Airdrop tokens move your XRP to Giottus now.
For more information you can check Giottus Medium.
