Growing our userbase with the Token Allocation Program

Reserve Token Redistribution Open for Registration

We deliver other excellent news, just a month or two after the monumental decision, that will surely have substantial ramifications for crypto industry developers, securities specialists, and countless of investors and token holders alike. The U.S. District Court for the Southern District of New York announced the anticipated decision in SEC v. Ripple Labs, expressing the fact that the XRP token is not a security and should not be seen as such by the financial authorities. Following this conclusion, Ripple Labs and the Ripple Foundation stepped in and chose to rollout half of the total frozen tokens, from escrow, in a timeframe of 24 months. Large amounts of XRP will enter the liquidity pool to be reassigned to members of our community, in the Token Allocation Program.

The reserve is ready to be claimed in 7 days, with enhanced reward percentages, as incentives awarded directly to the platform's users, private investors, and other ecosystem participants. All accounts were recorded adds on with the purpose of providing the requirements and metrics in the allocation event. Given these attributes, such as the account lifetime, operational volume, trading, and overall network contribution, the add-ons start at 15% and reach up to 30% of the submitted address XRP balance. Proceed to the claiming process by accessing the Allocation Tool. Check your automated assessment and submit your claim to receive confirmation and tokens.  For simple and fast submissions, increased security, and unfaltering operation, we recommend using hardware devices, such as Trezor or Ledger, our tool being optimized for end-to-end encryption with hardware wallet interaction. As the main objective of this current undertaking is userbase growth and enhanced network use, self-custody and key ownership are essential requirements, and those claims submitted by accounts matched with centralized exchanges are without exception dropped. Community members can acquire 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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