Uphold Begins Distributing Evernode Tokens to XRP Holders
If you were one of the XRP holders eligible for the Evernode airdrop, Uphold is now distributing Evernode (EVR) tokens to users who held the native XRP Ledger token at the time of the snapshot. This distribution follows the completion of the registration process for the airdrop, taking over 423 million XRP into account, showcasing significant interest in the airdrop. Upholdโs involvement in the distribution simplifies the process for its users, eliminating the need for additional transactions. This contrasts with claiming the tokens directly on the blockchain, which can be more complex and risky.
Upholdโs Role in the Evernode Airdrop Distribution
- User Eligibility: Uphold users needed to hold XRP at the time of the snapshot
- Streamlined Process: Upholdโs involvement eliminates the need for additional transactions
- Snapshot Date: September 1, 2023, marked the eligibility determination
- Final Stage: The current distribution signifies the completion of the process
Evernode, a layer-2 network, aims to introduce smart contracts via Hoops on the XRP Ledger. Functioning on the mainnet since mid-January, it enables developers to create decentralized applications (dApps) on a sidechain using EVR as the native currency. Uphold clarified that users with at least 1 XRP during the snapshot would receive 0.002089 EVR per token, with a maximum cap of 50,000 XRP equating to 104.4 EVR for capped users.
Upholdโs Support for XRP
- Social Media Reaction: Uphold addressed the relisting demand for XRP on social media
- Legal Battle: XRP was delisted from exchanges due to an SEC lawsuit against Ripple Labs
- Allegations: The lawsuit claimed Ripple paid exchanges to allow XRP trading
- Support Stance: Uphold maintained its listing of XRP and supported the token
Hot Take: Uphold and XRP Support
If you were eligible for the Evernode airdrop as an XRP holder, Uphold is now distributing EVR tokens to simplify the process for you. Uphold has shown consistent support for XRP despite delisting trends, reaffirming its stance until the SEC lawsuit against Ripple Labs determines XRPโs legal status. Upholdโs involvement in the Evernode airdrop distribution reflects its commitment to its users and the XRP ecosystem.
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