In a strategic move to attract more participants from the XRP community, US-based cryptocurrency exchange Gemini has launched an XRP giveaway campaign, offering a chance to win 4,000 XRP every day for six consecutive days. The promotion, known as the ‘XRP Faucet,’ was initiated shortly after Gemini listed XRP on its platform.
How the XRP Faucet Works
Gemini has designed the XRP Faucet to cater specifically to its verified users. At the opening of the faucet, scheduled for 3:00 pm Eastern Standard Time (ET), verified users will have the opportunity to claim 20 XRP from the daily bounty pool of 4,000 XRP. Each verified user can participate once per day throughout the week-long campaign.
To take part in the XRP giveaway, users only need the email address associated with their verified Gemini account. Unlike many scam giveaways that require connecting crypto wallets, Gemini’s process does not call for any financial commitments from participants.
Eligibility and Contest Restrictions
Gemini’s XRP Faucet offer is exclusively available to US residents aged 18 and above. Residents from all 50 US states and the District of Columbia are welcome to participate, excluding individuals associated with Gemini, including employees, representatives, agents, and subsidiaries.
It is crucial to note that Gemini retains the right to modify the rules or revoke the bounty at its discretion without prior public notice. The campaign operates on a limited basis, following a first-come, first-serve approach.
We’re giving away 4,000 XRP! Every day at 3pm EST.
Introducing: The XRP Faucet 💧 pic.twitter.com/QktHB1hTKg
— Gemini (@Gemini) August 11, 2023
Community Response and Speculation
The announcement of Gemini’s XRP Faucet has generated significant engagement within the XRP and wider cryptocurrency communities. Some members have expressed curiosity as to why the exchange suddenly became interested in the XRP Army, launching a giveaway in their favor.
One pseudonymous XRP Knight theorized that Gemini is keen on not missing out on the imminent financial revolution that XRP is spearheading. Another participant, identified as Jaxon Mohr, questioned the exchange’s motive behind the giveaway, especially following alleged liquidity issues that led to a spike in XRP’s price to $50 on the platform.
As the XRP community and crypto enthusiasts eagerly participate in the XRP Faucet campaign, Gemini aims to attract an influx of new users and expand its presence within the XRP ecosystem.
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