Evernode, a Layer 2 network focused on bringing smart contract capabilities to the XRP Ledger via Hooks, has revealed initial details about an upcoming airdrop for XRP holders.
After announcing their plans for launch earlier this year, Evernode took a significant step forward with the relaunch of the Evernode beta on the Hooks V3 testnet in April.
The team also provided an update, indicating that an audit of the Hooks V3 testnet could begin in mid-August. As the launch plans take shape, Evernode has now shared the initial specifics of their airdrop program for XRP holders.
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According to the Evernode whitepaper, an airdrop of the protocol’s proposed native currency, Evers, is planned for XRP holders following the launch.
In a recent tweet, Evernode announced that the XRPL snapshot for the airdrop would occur on Friday, September 1st, at 6:00 p.m. AEST.
It was clarified that a snapshot before the Hooks sidechain goes live is necessary due to the burn2mint process associated with the Hooks sidechain launch.
Evernode intends to distribute 5,160,960 Evers to eligible XRP holders. The distribution will be carried out in two steps: first, a snapshot of XRP holdings on the mainnet will be captured on September 1st at 6:00 p.m. AEST.
Subsequently, eligible accounts on the Hooks sidechain will receive the airdrop based on their XRP holdings on the mainnet.
XRP owners must ensure that they hold their XRP directly on-chain rather than through an exchange in order to claim the airdrop. This is because there might be a need to clone their account on the Hooks sidechain to access the airdrops.
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Evernode emphasizes that the airdrop is a gift to XRP holders, giving them the ability to decide on the quantity of Evers to be airdropped to individual holders and how the distribution will be executed.
As XRP holders eagerly await the protocol’s launch and the subsequent airdrop, they should prepare by holding their XRP on-chain to ensure eligibility for this opportunity.
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