Major South Korean digital currency trading platform Upbit has started distributing xCORE crypto tokens to holders of $ XRP Ripple (XRP) and of $SOLO that held their assets at the time of the airdrop’s 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 the 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 crypto tokens are to be distributed equally betwixt SOLO and XRP Ripple (XRP) holders.
Reports by the project, a total of 100 Million $CORE crypto tokens are being distributed to current crypto token holders, while a total of 50 Million xCORE crypto tokens are being distributed to wallets that hold SOLO and/or XRP Ripple (XRP) at the time of the snapshot.
The group pointed out that xCORE, an option crypto token, can be exchanged for CORE crypto tokens if the CORE price reaches and remains over $10.00 for 240 consecutive hours (10 days).
By issuing xCORE crypto tokens as an option, the Core team is supplying an extra incentive for the community to facilitate the expansion of the CORE ecological system, while likewise supplying a measure of flexibility for those who may not wish to hold CORE crypto tokens directly.
It’s critical to point out that after expiry the team notes that “ regardless of the price, holders of xCORE are eligible to exchange 1:1 to CORE crypto tokens via a smart contract on the Coreum Blockchain.”
Upbit was recently behind a Solana-based alternative digital currency surge after it was listed on the digital currency exchange. The crypto altcoin, was known Access Protocol ($ACS), saw its price surge over 200% after Upbit announced the listing.
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