CoinLoan Supports XRP Fork

AnnouncementDec 04, 2020
CoinLoan Supports XRP Fork

We’ve received multiple questions from XRP holders on whether CoinLoan supports the upcoming Ripple’s hard fork called Flare. The idea to carry it out arose from the desire of the XRP community to create a project with a decentralized policy. They also stood for the broader functionality of the new network. This August, the White Paper of the Flare network and Spark token was made publicly available.

On December 12th, the Spark token is formed and airdropped to all Ripple users according to their holdings. Here’s how CoinLoan supports the hard fork. On day X, 00:00 UTC, we will take a snapshot of users’ XRP balances to credit all tokens after the airdrop.

We remind you that CoinLoan has increased the earning rates for several assets to 5.2% APY. The renewed rate with maximum staking rewards goes up to 7.2% for XRP. If you have any questions from here, feel free to hit us at support@coinloan.io.

Disclaimer:

The information provided by CoinLoan (“we,” “us,” or “our”) in this text is for general informational purposes only. All investment and financial opinions expressed by CoinLoan in this text are from the personal research and open information sources and are intended as educational material. All outlined information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information in this text.

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