Evernode Airdrop: Uphold Announces Exclusive Token Distribution for XRP Holders

Uphold, a prominent cryptocurrency exchange based in the United States has commenced the distribution of Evernode (EVR) tokens to qualifying XRP holders as part of an initiative closely linked to the XRP Ledger.

Eligibility Criteria and Distribution Process

Uphold, based in the United States, initiated the allocation of Evernode (EVR) tokens to XRP holders who are registered users of the platform. To participate in this offering, investors needed to furnish a snapshot of their holdings by the commencement of September and securely store their tokens on-chain.

The Evernode Airdrop Initiative

Evernode, operating as a layer-2 blockchain protocol tethered to the XRP Ledger (XRPL), announced its intention to distribute 5,160,960 Evers to specific XRP holders, with a primary focus on individuals possessing balances of up to 50,000 XRP. Uphold declared its support for the EVR token distribution in August of the preceding year, anticipating its official launch on the Evernode network, scheduled four months later.

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Trading Restrictions and Future Prospects

Despite Uphold’s facilitation of the EVR token distribution, investors should note that EVR assets are not immediately tradable on the platform. Uphold emphasized that EVR will only become tradable once it meets the platform’s stringent listing criteria and liquidity requirements.

Previous Initiatives and User Engagement

This isn’t Uphold’s first foray into inclusive offerings tied to Ripple’s native coin. In the past year, the exchange distributed thousands of XRP tokens to fortunate users, with the only requirement being the completion of at least $20 worth of eligible trades on the platform.

XRP’s Popularity on Uphold

XRP has garnered significant traction among Uphold clients, particularly towards the end of the preceding year. It emerged as the most traded cryptocurrency during the week of November 18 to November 25, with nearly 75% of users acquiring varying amounts of XRP.