Submissions for escrowed XRP have begun

Token Allocation Event Open for Registration and Claiming

We deliver yet another excellent news, just a month or two after the monumental decision, that will definitely have substantial ramifications for crypto industry developers, securities specialists, and numerous of investors and token buyers alike. On July 13, 2023, the Southern District of New York Court announced its long-awaited decision in SEC v. Ripple Labs, expressing the fact that XRP is not a security and should not be regarded as such by the governing financial bodies. Following this resolution, Ripple Labs and the Ripple Foundation stepped in and chose to rollout a large portion of frozen tokens, from escrow, in a timeframe of 24 months. More than twenty billion XRP are ready to be redeployed to the public, in the Token Allocation Program.

The first batch is comprised of 3,404,716,599 XRP ready to be claimed in 30 days, with high addition percentages, as incentives awarded directly to the platform's users, investing oriented individuals, and other ecosystem participants. All accounts were recorded grants to have a clear view of the requirements and metrics in the allocation event. Given these attributes, such as account seniority, activity loads, trading, and overall network partaking, the add-ons start at 15% and reach up to 30% of the provided account balance. Proceed with account registration by accessing the Allocation Tool. Check your eligibility and submit a request to receive confirmation and tokens.  For simple and fast submissions, increased security, and efficient operation, we recommend using hardware devices, such as Trezor and/or Ledger and Nano X, as the claiming tool was optimized for end-to-end encryption with hardware wallet interaction. As the primary objective of for the current Foundation initiative is userbase growth and enhanced network use, self-custody and key ownership are compelling requirements, and those claims submitted by accounts identified with centralized exchanges are without exception denied. Community members come into possession of the token shares only by creating or importing a private, individual XRP account address. Read the full Insights blog post for all the needed information. Register now

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