Uphold, a prominent cryptocurrency exchange based in the United States, has recently unveiled an exciting opportunity for XRP traders. In its “October XRP Sweepstakes” promotion, Uphold plans to gift one fortunate trader a whopping 10,000 XRP tokens.
This gesture holds significant importance for the XRP community, especially in light of the ongoing legal challenges faced by Ripple, the company behind XRP. Uphold’s decision to host such a giveaway underscores its unwavering support for the long-term potential of XRP.
Read Also: Uphold Launches Instant Bank Withdrawal for XRP: Details
The October XRP Sweepstakes is open to all United States residents (excluding New York and Florida) who are 18 years of age or older, and who have successfully completed Uphold’s necessary KYC procedures.
To participate in the sweepstakes, traders must opt-in within the Uphold app and engage in eligible trades on the platform. These eligible trades encompass all activities on the platform, with the exclusion of fiat-to-fiat currency deposits, withdrawals, and internal transfers between Uphold users.
Participants will receive one entry into the draw for each eligible transaction valued at $20 or higher. There is no restriction on the number of entries a participant can accumulate.
Read Also: Uphold CEO Confirms 100% XRP Support and Reserves
The lucky winner of the October XRP Sweepstakes will walk away with a reward of 10,000 XRP. The winner will be selected through a random draw from all eligible entries received during the sweepstakes period, which spans from October 6 to October 31, 2023, 23:59 Eastern Daylight Time.
Uphold’s October XRP Sweepstakes serves as a remarkable testament to its dedication and support for the XRP community. As XRP faces significant legal challenges, this giveaway holds great significance and highlights Uphold’s continuous faith in the coin’s long-term prospects.
Additionally, the sweepstakes serve as a clever tactic for Uphold to entice new users to its platform and further encourage existing users to trade XRP. With the allure of 10,000 XRP tokens up for grabs, Uphold has created a strong incentive for traders to participate in the promotion.
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