U.S.-based cryptocurrency exchange Uphold has introduced an enticing promotion for XRP users, with a total prize pool of $25,000. The promotion, “XRP Sweepstakes” offers participants a chance to win up to $20,000 in XRP, with additional rewards for runners-up.
The official announcement was made on Thursday through Uphold’s social media account on X, inviting all eligible users to take part in the campaign. The sweepstakes provides a grand prize of $20,000 in XRP to a single winner, while five other participants will share an additional $5,000.
How to Enter the XRP Sweepstakes
Uphold’s XRP Sweepstakes began on October 3 and will run until October 31, allowing users a full month to participate. To enter, users must first opt into the campaign by clicking on the banner displayed in the Uphold app. After registering for the promotion, participants will automatically receive one entry.
From there, users can earn additional entries through eligible trading activity on the exchange during the campaign period. Each eligible trade counts as a separate entry, and there is no cap on the number of entries a participant can collect. However, it is important to note that the value of individual trades does not impact the odds of winning—the number of trades is what matters.
Eligible trades are all transactions conducted on the Uphold platform, excluding withdrawals of cryptocurrency or fiat and deposit transactions. This means that withdrawing or depositing funds will not count as an entry.
Sweepstakes Eligibility
The XRP Sweepstakes is open to all Uphold users who meet the eligibility requirements. Individuals must be 18 and have completed the exchange’s Know Your Customer (KYC) verification process to participate. However, New York and Florida residents are excluded from this promotion due to issues 3333regulatory-related issues.
Participants who comply with these conditions and successfully opt into the promotion are eligible to accumulate entries for every qualifying trade they make. There are no additional purchases or payments necessary beyond the eligible transactional activities within the campaign period.
Winner Selection Process
After the Sweepstakes on October 31, Uphold will randomly select six winners from the pool of eligible entries. The grand prize winner will receive $20,000 in XRP tokens, while the five runners-up will share $5,000 in XRP, distributed equally.
Winners will be notified via email and must confirm their acceptance of the prize and agree to Uphold’s Terms and Conditions within ten days of receiving the notification.
If a winner fails to respond within that time frame, they risk forfeiting their prize which will be awarded to another eligible participant. Uphold reserves the right to verify participants’ eligibility by requesting proof of age and residency before distributing prizes.
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Key Dates and Terms
The campaign will end on October 31, and all trades completed before this date that meet the eligibility criteria will count toward the sweepstakes entries. Winners will have their prizes credited to their Uphold accounts within 30 days of confirming their win.
This campaign represents a significant opportunity for XRP enthusiasts who trade on Uphold, as it offers substantial prizes and rewards participants based on the volume of their trading activity, without any additional purchase requirements.
With no upper limit on the number of entries, users are encouraged to make the most of the promotion by engaging in frequent trading activities before the deadline.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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