Uphold Exchange Announces 50,000 XRP Giveaway

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Uphold Exchange Announces 50,000 XRP Giveaway

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.

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.

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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.

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Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.