The tokens on the Flare network are called Spark. These will be used for governance and as collateral after the expected drop in the number of tokens in the second quarter of 2021. The company plans to implement smart contracts on Ripple’s XRP. Normally Ripple is seen as a means of money transfer, but Flare firmly believes that their Spark tokens will be of value.
With this tweet above, the company is sharing news from an unexpected corner. Yes, they are now announcing an airdrop for litecoin, but this simultaneously opens the doors for other cryptocurrencies besides XRP.
To keep a distinction between all these free coins, the Spark tokens on XRP are abbreviated to XFLR. Chances are that those of litecoin will be called LFLR. Perhaps this airdrop will also help litecoin’s share price.
Other Networks airdrop
In addition, Flare has announced that they may support other networks in the future. Not much is known about this yet. Support for bitcoin, for example, could have enormous consequences. In theory, this could mean that bitcoin takes over functions that Ethereum is known for, such as smart contracts.