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XRP Community Awaits This Airdrop as XRP Burning Takes Center Stage

Mon, 09/04/2023 - 13:03
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Tomiwabold Olajide
Discussions about XRP burning are reemerging
XRP Community Awaits This Airdrop as XRP Burning Takes Center Stage
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Discussions about XRP burning are reemerging after details about Xahau, the upcoming smart contract sidechain for the XRP Ledger (XRPL) ecosystem, surfaced in the past week.

XRP+ is the native token of the Xahau network and can be obtained through the Burn2Mint (B2M) portal, which allows users to burn XRP on the mainnet in return for minting an equal quantity of XRP+ on Xahau.

In the past week as well, XRP holders have had a snapshot of their account balances for the upcoming EVRS airdrop. The snapshot was taken at Ledger "#82237135" on the XRP mainnet. Evernode will be distributing 5,160,960 Evers to qualifying XRP holders, according to an earlier update.

XRP Community Should Know This as Airdrop Snapshot Date Nears

Two members of the XRP community have been seen discussing the Xahau ledger's Burn2Mint (B2M) feature on X (formerly Twitter). One person commented that a Burn2Mint of XRP was required for the Evernode airdrop.

The reason for the misunderstanding expressed by an XRP community member could be that the Xahau Ledger DEX will be the sole platform where EVRS will be traded at first.

To clarify, Evernode founder Scott Chamberlain said that there will be no need to burn XRP or move any XRP to claim the Evernode airdrop.

"You won't have to burn any XRP to claim the Evernode airdrop. Cloning your r-address on Xahau will give you enough free Xahau XRP to open the account and set a trust line. You need to neither burn nor move any XRP to claim," the Evernode founder explained.

Further explaining, the Evernode founder added that users get two Xahau XRP when they clone. This covers the account reserve (one Xahau XRP) and five ledger objects like trust lines (0.2 Xahau XRP).

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.