LINE BITMAX Help Center

Flare (formerly Spark) token

For an overview of the Flare token, see the following official LINE BITMAX blog post. (Only available in Japanese.)

Guide to increasing Flare (previously Spark) tokens

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Users who had Ripple (XRP) on LINE BITMAX at the time of our snapshot at 9 am on December 12, 2020, are eligible.

Announcement: Flare (FLR) (formerly Spark token) airdrop and send feature offered (Only available in Japanese)

However, you will not be eligible if:

• You were lending or had applied to lend XRP with our Crypto Asset Lending Service when the above snapshot was taken.

• We determine that you do not meet the conditions listed in Article 4 of the LINE BITMAX Terms of Use (opening an account) when the tokens are issued.

Please understand that there is no feature for checking your eligibility.

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Currently, the estimated value for Flare (FLR) in Japanese yen isn't shown. Only the amount of FLR you have is shown.

The estimated value for FLR in Japanese yen is calculated as JPY 0 and not included under Total assets or My assets.

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If your account has been deleted when the tokens are issued, you will not be issued any.

Also, if we determined that you do not meet the conditions listed in Article 4 of the LINE BITMAX Terms of Use (opening an account) when the tokens are issued, in principle you will not be issued any.

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With regards to the tax treatment of issued Flare (FLR), we understand it to be categorized as miscellaneous income and subject to general taxation with its value at the time it was issued. For more details, please check with a qualified source, such as your nearest tax office or a tax accountant.

Tax treatment and statements related to crypto assets (December 2023) (Only available in Japanese)

Note: The above link is to an external National Tax Agency website.

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Flare (formerly Spark) token

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Flare (formerly Spark) token

About the Flare token

Conditions for being issued Flare tokens

The estimated value for Flare (FLR) in Japanese yen isn't shown

Will I be issued Flare tokens if my LINE BITMAX account has been deleted?

Taxation of issued Flare (FLR)