Major South Korean digitalย currency trading platform Upbit has started distributing xCORE cryptoย tokens to holders of $ XRPย Rippleย (XRP) and of $SOLO that held their assets at the time of the airdropโs snapshot, and plans on supporting withdrawals in the near future.
In a recently published announcement, Upbit detailed that the airdrop distribution has now started and is expected to be complete within theย following 48 hours. The snapshot for the airdrop was taken back on March 24, at 13:00 Korean Standard Time (KST), with a total of 50 Million cryptoย tokens are to be distributed equally betwixt SOLO and XRPย Rippleย (XRP) holders.
Reportsย by the project, a total of 100 Million $CORE cryptoย tokens are being distributed to current cryptoย token holders, while a total of 50 Million xCORE cryptoย tokens are being distributed to wallets that hold SOLO and/or XRPย Rippleย (XRP) at the time of the snapshot.
Theย group pointedย outย that xCORE, an option cryptoย token, can be exchanged for CORE cryptoย tokens if the CORE price reaches and remains over $10.00 for 240 consecutive hours (10 days).ย
By issuing xCORE cryptoย tokens as an option, the Core team is supplying anย extra incentive for the community toย facilitate theย expansion of the CORE ecologicalย system, while likewise supplying a measure of flexibility for those who may not wish to hold CORE cryptoย tokens directly.
Itโs criticalย to point out that after expiry the teamย notesย that โ regardlessย of the price, holders of xCORE are eligible to exchange 1:1 to CORE cryptoย tokens via a smart contract on the Coreum Blockchain.โ
Upbit was recently behind a Solana-based alternative digitalย currency surge after it was listed on the digitalย currency exchange. The cryptoย altcoin, ย wasย known Access Protocol ($ACS), saw itsย price surge over 200%ย after Upbit announced the listing.
Featured image viaย Pixabay.
