Uphold, a US-based crypto exchange, has announced the winner of its 20,000 XRP giveaway for its October XRP Sweepstakes. Recall that the company has also increased the prize for the November edition to 50,000 XRP.
Donald Z., a crypto trader from Oregon, won the October sweepstakes and was awarded 20,000 XRP.
Read Also: XRP Top Wallet Teams Up With Uphold to Unveils Exciting News for XRP Holders
The announcement was made by the official Uphold account on X, where the company promoted the 50,000 XRP Sweepstakes. However, this announcement came 13 days after the promotion ended, which led some users to question the competition’s legitimacy.
Congratulations to Donald Z. from Oregon, the winner of the 20,000 XRP Sweepstakes! 🎊
This November, we've increased the prize and are giving away 50,000 XRP. Don't miss your shot! 🚀
Learn how to opt in & participate in the sweepstakes: https://t.co/eGhW6bV4nu pic.twitter.com/x4UcFDDSoH
— Uphold (@UpholdInc) November 13, 2023
However, Uphold has assured its users that the sweepstakes are legitimate and that all entries are carefully vetted. The exchange explained that it takes time before a winner is selected and verified for eligibility before making the announcement.
What is the Uphold XRP Sweepstakes?
The Uphold XRP Sweepstakes is a promotional event that enables users to win a certain amount of XRP. Users are required to trade at least $20 on the Uphold platform. Each $20 trade counts as one entry, so the more trades a user makes, the higher their chances of winning.
How to Enter the November XRP Sweepstakes
To enter the November XRP Sweepstakes, users must first opt into the promotion. This can be done by going to the Uphold website and clicking the sweepstakes banner. Once a user has opted in, all trades made on the Uphold platform will be counted as entries into the sweepstakes. To be eligible for the November XRP Sweepstakes, users must:
- Be at least 18 years old
- Be a resident of the United States
- Have a verified Uphold account
- Have opted into the sweepstakes
Read Also: Uphold Opens the Door of XRP Payments for Ripple in the United States. Here’s how
The prize for the November XRP Sweepstakes is 50,000 XRP tokens. The tokens will be deposited into the winner’s Uphold account within 30 days of the announcement. The winner of the November XRP Sweepstakes will be selected at the end of the month and will be notified by email.
The sweepstakes is open to all eligible users in the U.S., and it is easy to enter. Right now is the best time to accumulate XRP, as a crypto expert, while predicting a 900% surge, revealed that time to accumulate XRP is running out.
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