The waves continue to flow in the cryptocurrency landscape. One of the most well-known cryptocurrency exchanges in the United States, Uphold, is about to make an offer that may surprise many of its users.
In a gesture of appreciation to its user base, Uphold announced a promotion where it plans to give away 10,000 XRP tokens, equivalent to approximately $5,000, to one lucky user. But not just any user can enter the draw – there are some rules to follow.
At the time of publication, the price of XRP was listed at US$0.478784, down 1.7% in the last 24 hours.
According to Uphold’s proposal, to qualify for this generous airdrop, interested parties need to trade a minimum of US$20 on the platform. And here’s the fun trick: for every $20 set traders invest, they earn one entry into the sweepstakes. Therefore, the more you trade, the greater your chances of winning!
We’re giving away 10,000 #XRP to one lucky trader in October 💼
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!
Learn how to opt in & participate in the drawing: https://t.co/LwK9AZ9cMv pic.twitter.com/FLccJj1G6B
— Uphold (@UpholdInc) October 9, 2023
However, since not everything is for everyone, this exclusive offer is for US residents. This information makes sense since Uphold is one of the leaders in the US cryptocurrency scene, boasting a user base of over 10 million and a diverse portfolio of over 250 digital assets.
Going back in time a bit, we cannot forget that Uphold has been a consistent supporter of XRP, even when the token has faced turbulent times. Recall that in 2020, Ripple Labs, the company behind XRP, had some challenges with the US Securities and Exchange Commission (SEC). The regulatory body had its reservations about the status of XRP, claiming that it was an unregistered security. This allegation led many exchanges to delist XRP. However, Uphold remained steadfast in its commitment to the token, emphasizing that it was never removed from its platform and that it would continue to hold it until the legal issue was resolved.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.