Main navigation

XRP: Uphold Unveils Coreum Airdrop Snapshot Timeline for Holders

Fri, 03/24/2023 - 13:52
article image
Tomiwabold Olajide
Uphold has announced support for Coreum token
XRP: Uphold Unveils Coreum Airdrop Snapshot Timeline for Holders
Cover image via

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Multi-asset digital trading platform Uphold has announced support for the Coreum token and also for its upcoming airdrop.

As a reminder to XRP, SOLO and Coreum users, the deadline for the Coreum snapshot is March 24 at midnight ET/4:00 a.m. UTC, and the only way to qualify is to hold the previously listed tokens.

Snapshots are used to record the balance of a token holder at a particular time. Based on the number of tokens held at the moment of the snapshot, the quantity of tokens a user receives from an airdrop is determined.

The Coreum Blockchain's mainnet is expected to launch on March 24, 2023. A total of 100,000,000 CORE tokens will be airdropped to COREUM holders, and 50,000,000 xCORE tokens (option tokens with a strike option price of $10) will be distributed to both SOLO and XRP holders to push engagement with the newly launched Coreum blockchain.

XRPL to be interoperable with Coreum blockchain

Sologenic and Coreum cofounder Bob Ras recently highlighted the potential benefits of interoperability between XRP Ledger and the Sologenic Development Foundation's Coreum. XRP would be able to benefit from smart contract capabilities.

XRP Price Might Recover if This Is Done: XRPL Node Account

"It's notable to mention that the XRPL-Coreum interoperability enables XRP, SOLO, and eventually, other XRPL tokens to access the Coreum blockchain, unlocking the limitless potential for innovative use-cases by utilizing Coreum's smart token technology. Both XRP and SOLO benefit from smart contract capabilities," Ras said in a recent tweet.

article image
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.