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XRP Community Should Know This as Airdrop Snapshot Date Nears

Thu, 08/31/2023 - 11:51
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Tomiwabold Olajide
XRP community should be on look out as snapshot date nears
XRP Community Should Know This as Airdrop Snapshot Date Nears
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It is an interesting time for the XRP community given the significant developments that have unfolded since the start of the week. On Aug. 28, the whitepaper for Xahau, the smart contract sidechain for the XRPL ecosystem, was launched jointly by XRPL, Evernode and others.

Adding more excitement is the upcoming snapshot for Ever's airdrop scheduled for Friday, Sept. 1, at 6:00 p.m. AEST.

Along this line, Evernode, a Layer 2 network that aims to bring smart contracts via Hooks to the XRP Ledger, has issued what it calls an "unexpected airdrop update."

Evernode stated that its airdrop of EVRS tokens was designed with the expectation that it might not be supported by exchanges. It indicates the possibility of a few XRP-centric exchanges being interested in participating in the airdrop.

Evernode urges the community to be on the lookout for at least one or possibly two XRP-supporting exchanges to confirm they will be behind the airdrop. It stresses that supporting the airdrop might not mean listing for trading.

For the time being, no exchange has indicated it will be listing EVRS for trading at launch.  At its initial stage, the Xahau Ledger DEX will be the only platform where EVRS will trade on launch.

The Xahau Ledger is the proposed Hooks sidechain and represents the smart contract sidechain for the XRPL ecosystem.

More on EVRS airdrop

In an earlier update, Evernode announced the initial details of its airdrop, which would take place in two steps.

First, on Sept. 1 at 6:00 p.m. AEST, a snapshot of XRP holdings on the mainnet will be taken. Second will be an airdrop to qualifying accounts on the Hooks sidechain based on their owners' XRP holdings on the mainnet.

XRP Holders to Receive This Airdrop, Here's How to Claim

Evernode has stated that it plans to distribute 5,160,960 Evers to qualifying XRP holders. To claim any airdrop, XRP owners should hold their XRP directly on-chain rather than through an exchange. This is because they may have to clone their account on the Hooks sidechain to claim airdrops.

In its most recent update, Evernode stated that the rules remain the same, and customer balances above 50,000 will not count for extra EVRS.

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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.