Evernode Announces Airdrop For XRP Holders, Sets Launch Date
November 23 2023 - 6:44AM
NEWSBTC
Evernode, a layer-2 network developed on the XRP Ledger (XRPL), has
recently provided crucial updates concerning its airdrop for XRP
holders. The project, which integrates smart contract capabilities
with XRPL, has revised its launch to December 18, 2023, following
technical challenges. On the same day, the airdrop is expected to
take place. Evernode Launch Date Announced The revised launch date
of December 18, 2023, is primarily due to delays with the XUMM
wallet’s integration in supporting account cloning on the Xahau
network. This network is a recent addition as a sidechain to the
XRPL. Situated within this new framework is Evernode, a pioneering
project on Xahau. Evernode is the first major project built on
Xahau, marking the first major initiative developed using the Hooks
feature that Xahau introduces to the broader XRP Ecosystem.
Regarding the launch, Evernode stated, “We’re now targeting launch
on 18 December 2023… XUMM has been unexpectedly delayed in
supporting the cloning of XRPL Accounts on Xahau. We can’t finalize
our airdrop until this happens. We believe this will be ready by 18
December, but it is obviously beyond our control and may still
change.” Related Reading: Ripple Integration With ISDA Ushers In
$1.2 Quadrillion Market, Can XRP Breach $100? Besides that,
Evernode informed the community about a notable achievement. The
project’s three Hooks have been successfully audited, an important
milestone in ensuring the network’s security and functionality.
Additionally, the project has established the Xahau address for
issuing Evers tokens: rEvernodee8dJLaFsujS6q1EiXvZYmHXr8. For users
and airdrop participants, it is crucial to verify this address to
avoid scams. Snapshot Details And Eligibility For XRP Holders The
airdrop’s eligibility was determined by a snapshot taken on
September 1, 2023, at Ledger #82237135. This snapshot recorded the
XRP balances on the mainnet at 6:00 PM AEST (8:00 AM UTC).
Eligibility for the airdrop includes XRP holders who held up to
50,000 XRP in a non-custodial wallet or used Bitrue or Uphold at
the snapshot time. Related Reading: Pro-XRP Lawyer Deaton Picks His
Top 10 Cryptos For The Year Ahead Evers tokens will be airdropped
into the Xahau account based on XRP holdings in the corresponding
XRPL account on the snapshot date. Moreover, the projects’ update
further mentioned the commencement of the “formal process” of
airdrop preparation on November 27, along with the promise of a
tool to assist users in registering and calculating their Evers
token allocation based on XRP holdings at the time of the snapshot.
The Evers token (EVRS) has a maximum supply of 72,253,440. The
airdrop will distribute 20,643,840 Evers among various
stakeholders, including 5,160,960 to XRP holders, 5,160,960 to
founders, 5,160,960 to beta testers, and 5,160,960 to the Evernode
project itself. The remaining 51,609,600 EVRS tokens will be held
inside the Evernode Registry Hook. They will be distributed as
rewards to hosts in 10 epochs of 5,160,960 Evers over 118 years.
Evernode’s launch is anticipated to be a major addition to the XRPL
ecosystem. The introduction of a layer-2 network and sidechain
could expand development possibilities, leading to more advanced
dApps and potentially increasing user engagement with XRPL. At
press time, the XRP price has posted a bullish breakout from its
downtrend channel in the shorter timeframe, trading at $0.6185.
Featured image from Shutterstock, chart from TradingView.com
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