Evernode Airdrop: Uphold Announces Exclusive Token Distribution for XRP Holders

surge upThe popular US-based cryptocurrency exchange has started distributing Evernode (EVR) tokens to eligible XRP holders as part of a plan closely tied to the XRP ledger.

Eligibility Criteria and Deployment Process

US-based Uphold has started allocating Evernode (EVR) tokens to XRP holders registered on the platform. To participate in the offer, investors had to provide a snapshot of their holdings and keep their tokens securely on chain by early September.

Evernode Airdrop Initiative

Evernode, which operates as a layer 2 blockchain protocol connected to the XRP Ledger (XRPL), announced its intention to distribute 5,160,960 Evers to certain XRP holders, with a focus on individuals holding up to 50,000 XRP balances. Uphold declared support for EVR token distribution in August of the previous year, with an official launch on the Evernode network scheduled for four months later.

Also Read: KuCoin Users Beware: Fake Airdrop SMS Raises Alerts About Data Security

Trading restrictions and future prospects

Despite Uphold’s facilitation of EVR token distribution, investors should note that EVR assets will not be immediately tradable on the platform. Uphold emphasized that EVR can only be traded if it meets the platform’s strict listing criteria and liquidity requirements.

Previous initiatives and user engagement

This is not Uphold’s first attempt at comprehensive services related to Ripple’s native coin. Last year, the exchange distributed thousands of XRP tokens to lucky users, with the only requirement being that they complete a qualifying transaction worth at least $20 on the platform.

XRP’s popularity remains

XRP gained significant interest among Uphold customers, especially towards the end of the previous year. It emerged as the most traded cryptocurrency during the week from November 18 to November 25, with nearly 75% of users acquiring various amounts of XRP.