HomeNewsRipple: Uphold Supports Massive Airdrop for XRP Holders - How to Profit...

Ripple: Uphold Supports Massive Airdrop for XRP Holders – How to Profit and All the Information You Need

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  • Uphold will facilitate participation in the Evernode (EVRS) airdrop for its XRP holders.
  • Qualification is effortless: Simply hold XRP on Uphold by 8:00am UTC, September 1st, and await the proportional airdrop of $EVRS tokens up to a value of 50,000 XRP.

The Nexus of Uphold, XRP, and Evernode

In a landmark move, the prominent U.S.-based digital asset platform Uphold has extended its fiduciary canopy over its user base by announcing unequivocal support for the upcoming Evernode (EVRS) airdrop. The crypto-savvy can often decipher the complexities of airdrops, tokenomics, and smart contracts; however, the beauty of Uphold’s decision lies in its simplicity: it facilitates an effortless gateway for XRP holders on its platform to qualify for the Evernode airdrop.

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Timing and Proportional Allocation

Time is of the essence. Mark your calendars for September 1st, precisely at 8:00am UTC, which translates to 6:00pm in Australian Eastern Standard Time (AEST). Within this window, Uphold enables its XRP holders to receive $EVRS tokens in a proportion commensurate with their XRP holdings, capped at 50,000 XRP per user. The intent behind this cap is to engender equitable distribution of the airdrop among a diverse holder base, thereby mitigating the potential for market manipulation by entities with large holdings.

The Waiting Game

While Uphold has provided a temporal frame for XRP holding, the Evernode team has yet to stipulate the exact date for the $EVRS token disbursement. This pending date is not only a function of internal operations but also contingent on external variables such as the launch of Xahau Network—a nascent sidechain tethered to the XRP Ledger (XRPL).

Liquidity and Risk Metrics

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Subsequent to the airdrop, the ability to trade $EVRS tokens on Uphold’s platform remains in the balance. The reason hinges on whether $EVRS meets the liquidity and listing criteria delineated by Uphold. However, initial accommodation will be made for receiving and withdrawing $EVRS tokens into the Uphold wallet.

Off-Exchange Wallet Mandate

For the more technically adept, it’s important to note that qualification for the EVRS airdrop also necessitates holding XRP in an off-exchange wallet. This could be a non-custodial solution like the Xumm wallet or any self-custodial mechanism. This is consistent with Uphold’s recent venture into non-custodial wallet solutions, providing another layer of financial empowerment to crypto aficionados.

In conclusion, Uphold’s announcement serves as a fiscal lighthouse, guiding XRP holders through the often foggy landscape of crypto airdrops and token allocations.

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Collin Brown
Collin Brown
Collin is a Bitcoin investor of the early hour and a long-time trader in the crypto and forex market. He's fascinated by the complex possibilities of blockchain technology and tries to make matter accessible to everyone. His reports focus on developments about the technology for different cryptocurrencies.
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