A utility fork is a more appropriate phrase for the process.
Instead of competing with XRP, the Ferda Token ( FRD) will be released to the XRP ecosystem in what is meant to be a Network providing significant utility for the original chain (XRP) by allowing XRP to be used with Turing complete smart contracts.
A snapshot of the TL will be taken before Every Airdrop.
Annoncement at @FerdaNetwork Twitter