Last updated on May 18th, 2024 at 12:23 pm
Popular multi-asset exchange platform, Uphold recently announced a giveaway campaign where it will give a huge 50,000 XRP tokens to one lucky winner.
In an exciting turn of events, the U.S.-based exchange platform announced via its X (formerly Twitter) account that it will be doing the massive giveaway as part of its November sweepstakes.
Win BIG with Uphold! We’re giving away 50,000 XRP to one lucky winner in November 🙌
For every $20 of eligible trades you make on our platform, you’ll get an entry into the draw. The more you trade, the better your chances!
Advertisement
Learn how to opt in here: https://t.co/qHZd2KNxDz pic.twitter.com/P89AvIZJ4r
— Uphold (@UpholdInc) November 15, 2023
However, it is important to note that the offer only works for registered users in the United States (excluding residents of the U.S. Virgin Islands, New York, and Florida).
According to the announcement, a user will gain entry into the sweepstakes with $20 worth of eligible trades made on the platform. This means a user gets more chances of winning when they trade more.
Terms of Participation
Furthermore, according to the terms and conditions of the offer, employees of Uphold, its affiliates, and members of their respective immediate families are not allowed to participate.
Participants should be 18 years and above on November 1, 2023, and must be active users of the platform and have passed the Uphold KYC (Know Your Customer) procedures.
Uphold doubles XRP giveaway
Recall that Uphold had initially promised to transfer 20,000 XRP tokens to one lucky user who completes at least $20 worth of trade on the platform.
Previously, Uphold set the reward at 10,000 XRP but later doubled the price after a collaboration with Ripple. The financial giant Ripple and Uphold partnered at the end of October to combine Uphold’s substantial cryptocurrency liquidity resources with Ripple’s vast infrastructure to facilitate international payments.
Uphold offers multiple transactions between cryptocurrencies and fiat and is also connected to several global liquidity providers. Meanwhile, it is important to note the strong connection between the exchange company and Ripple.
While many exchanges delisted the token from their platform following the court case with the Securities and Exchange Commission, Uphold continued to offer stable support to XRP.
XRP price today
According to Coinstats data, XRP is currently changing hands at $0.62. The price is down by 5.11% in the last 24 hours. What is more, XRP has a 24-hour trading volume with a live market cap of $33,051,847,414 ($33 billion). Finally, XRP has a circulating supply of 99,988,221,902 coins.
Read more:
- Crypto Price Analysis 11/13: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP)
- Bitcoin (BTC) Price Analysis 11/16: Can We Expect $40k Soon?
- Token Unlocking: 5 Altcoins to Pay Attention to This Week
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.