Uphold Distributes EVR Tokens to XRP Holders
The US-based cryptocurrency exchange Uphold has started distributing Evernode (EVR) tokens to eligible XRP holders who are clients of the company. This initiative is part of Uphold’s involvement with Ripple’s ecosystem and the XRP Ledger. Uphold announced its support for the EVR token distribution in August last year, four months before the official launch of the Evernode network.
Inclusive Offering for XRP Holders
Uphold has previously initiated inclusive offerings related to Ripple’s native coin, XRP. Last year, it distributed thousands of XRP tokens to lucky users, with the only condition being that participants conduct at least $20 of eligible trades on the platform.
EVR Tokens Not Tradable on Uphold Yet
While Uphold is distributing EVR tokens to eligible XRP holders, it clarified that these tokens are not immediately tradable on its platform. Uphold has set certain listing criteria and liquidity requirements that need to be met before EVR tokens can be traded on the exchange. Therefore, initially, users will only be able to hold their Ever tokens in their Uphold wallets.
Hot Take: Uphold Rewards XRP Holders with EVR Tokens
The US-based cryptocurrency exchange Uphold is rewarding its clients who hold XRP with Evernode (EVR) tokens. This initiative demonstrates Uphold’s commitment to Ripple’s ecosystem and the XRP Ledger. While users cannot immediately trade EVR tokens on Uphold, they can still hold them in their wallets until the listing criteria and liquidity requirements are met.
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