Uphold, a well-known US-based exchange recognized for its strong support of XRP, has just introduced a more enticing package for XRP lovers.
In a recent announcement, Uphold disclosed its plan to award a fortunate trader 20,000 XRP tokens as part of its ongoing “October XRP Sweepstakes” promotion. Note that this gift prize is a 100% increase from the 10,000 XRP the exchange promised earlier this month.
Uphold officially communicated the increased prize offer through its verified account on the X platform.
“What’s better than 10,000 XRP? How about 20,000 XRP,” remarked the pro-XRP exchange in the post on X.
What’s better than 10,000 #XRP? How about 20,000 XRP!
✅ Opt-in to win
✅ Start tradingEvery $20 you trade earns 1 ENTRY into the prize draw. The more you trade, the better your chances.
Learn how to opt in & participate in the draw: https://t.co/LwK9AZ9cMv pic.twitter.com/tsfnnDIG6M
— Uphold (@UpholdInc) October 25, 2023
It is worth mentioning that this 100% increase in the Uphold XRP campaign comes a day after the exchange announced a collaboration with Ripple, the prominent payment firm associated with XRP.
Rules for Uphold 20,000 XRP Prize Giveaway
Like the original notification on October 9 when the exchange placed a 10k XRP prize, the rules for participation in the 20,000 XRP bounty are similar.
Per the notification, participants must express their interest in the promotion by opting in through the exchange’s app. The exchange emphasized that only trades conducted after opting in will be considered for the drawing.
Additionally, participants in the promotion must partake in qualifying transactions on the Uphold platform to become eligible for the giveaway. Uphold has clarified that eligible transactions are all actions on the exchange except those explicitly singled out. The excluded transactions include “deposits of a fiat currency into the same fiat currency,” crypto transfers between platform users, withdrawals, and more.
Furthermore, Uphold has specified that participants will earn a pass into the drawing for each trade worth $20 or more. According to the US-based trading platform, “Every $20 you trade earns 1 ENTRY into the prize draw. The more you trade, the better your chances.”
Therefore, engaging in active trading enhances an XRP Army’s likelihood of becoming the fortunate recipient of 20,000 XRP.
Eligibility Criteria
Notably, the 20,000 XRP bounty is not open to all traders worldwide. According to Uphold, the October XRP Sweepstakes campaign is specific to U.S. residents. However, individuals residing in New York and Florida cannot participate.
Additionally, Uphold specified that the contest is open to individuals aged 18 and above who have fulfilled the necessary KYC requirements.
Besides, it is five days before the campaign ends, as it is scheduled to go down by October 31, 2023. Per the official statement, a random draw will select the ultimate prize winner. The draw would encompass all qualified entries accumulated during the campaign Period.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
