Evernode Airdrop Updates
Evernode, a layer-2 network integrated with the XRP Ledger (XRPL), has announced important updates regarding its upcoming airdrop for XRP holders. The project has decided to revise its launch to December 18, 2023, to address technical challenges it has encountered. The airdrop is also scheduled to take place on the same day as the launch.
Revised Launch Date and Integration Challenges
The revised launch date of December 18, 2023, is a result of delays in integrating the XUMM wallet with support for account cloning on the Xahau network, which is a new sidechain to the XRPL. Evernode is the first major project built on Xahau, making it a pioneering initiative within this new framework.
Evernode has completed the audit of its three Hooks, ensuring the network’s security and functionality. The project has also established the Xahau address for issuing Evers tokens to avoid potential scams.
Snapshot Details and Airdrop Eligibility
The eligibility for the airdrop was determined by a snapshot taken on September 1, 2023. XRP holders with balances recorded on the mainnet at 6:00 PM AEST (8:00 AM UTC) are eligible for the airdrop if they held up to 50,000 XRP in a non-custodial wallet or used Bitrue or Uphold at the snapshot time.
The Evers token (EVRS) has a maximum supply of 72,253,440, with 20,643,840 Evers to be distributed among various stakeholders, including XRP holders, founders, beta testers, and the Evernode project itself. The remaining tokens will be held inside the Evernode Registry Hook and distributed as rewards to hosts in 10 epochs over 118 years.
Anticipated Impact and XRP Price
Evernode’s launch is expected to be a significant addition to the XRPL ecosystem, expanding development possibilities and potentially increasing user engagement with XRPL. At present, the XRP price has shown a bullish breakout from its downtrend channel in the shorter timeframe, trading at $0.6185.
Hot Take: Growth Potential for Evernode and XRPL
The upcoming launch of Evernode and its integration with the XRP Ledger demonstrates the potential for growth and innovation within the XRPL ecosystem. As a layer-2 network with smart contract capabilities and integration with the Xahau sidechain, Evernode has the opportunity to foster the development of advanced dApps and enhance user engagement. With the revised launch date and airdrop details in place, Evernode is positioned to make a significant impact on the cryptocurrency space, offering new opportunities for XRP holders and stakeholders. Keep an eye on the developments surrounding Evernode and its impact on XRPL in the coming months.
Source: Evernode
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