Uphold Announces 10,000 XRP Airdrop for Eligible Users
Uphold, a popular cryptocurrency exchange, has recently announced that it will be conducting an airdrop of 10,000 XRP tokens to one lucky user this month. To be eligible for the airdrop, users must have at least $20 of eligible trades on the platform. Each set of $20 in eligible trades will count as one entry into the draw. The value of the airdropped tokens is currently estimated at around $5,000.
Only Available for US Residents
It’s important to note that this offering is only available for residents of the United States. Uphold is one of the leading cryptocurrency exchanges in the country, with over 10 million users and support for more than 250 digital assets.
Uphold’s Support for XRP
Uphold has previously shown its support for XRP, the native token of the XRP Ledger. Earlier this year, when users on Twitter were requesting trading platforms to relist XRP, Uphold confirmed that it still listed XRP and had never delisted it. The delisting of XRP from various exchanges came after Ripple Labs, the company behind XRP, was sued by the U.S. Securities and Exchange Commission (SEC) over allegations of selling unregistered securities.
The Lawsuit Against Ripple Labs
The SEC lawsuit claims that Ripple Labs paid cryptocurrency exchanges to allow the buying and selling of XRP on their platforms. The lawsuit revolves around whether XRP should be classified as a security and registered with the SEC. Uphold has stated that it will continue to list XRP until there is a legal resolution regarding its status as a security.
Hot Take: Uphold Rewards Users with XRP Airdrop
Uphold, a leading cryptocurrency exchange in the United States, is giving its users a chance to win 10,000 XRP tokens through an airdrop. To qualify, users must have at least $20 of eligible trades on the platform, with each set of $20 counting as one entry. Uphold’s support for XRP is evident, as it has consistently listed the token despite the delisting trend on other exchanges. The ongoing SEC lawsuit against Ripple Labs raises questions about the classification of XRP as a security. Uphold remains committed to keeping XRP listed until a legal resolution is reached. This airdrop is a great opportunity for Uphold users to potentially benefit from the rising value of XRP.
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