Token Allocation Event Open for Registration and Claiming

We deliver other exceptional news, just a month or two after the monumental decision, that is set to have substantial ramifications for crypto industry developers, securities experts, and countless of investors and token buyers alike.

On July 13, 2023, the Southern District of New York Court made public the long-awaited verdict in SEC v. Ripple Labs, expressing the fact that XRP as a token is not a security and should not be considered as such by the governing financial bodies.

Following this resolution, Ripple Labs and the Ripple Foundation accelerated the given task and went on to rescind half of the total frozen tokens, from escrow, in a timeframe of 24 months. More than twenty billion XRP will enter the liquidity pool to be reassigned to the public, in the Token Allocation Program.

Initial batch amounts to 3,404,716,599 XRP ready to be claimed in 30 days, with high addition percentages, as a boost awarded directly to the platform's users, investing oriented individuals, and other ecosystem participants.

All accounts were recorded adds on to have a clear view of the requirements and metrics in the allocation event. In light of these attributes, such as account maturity, activity loads, trading, and overall network partaking, the add-ons start at 15% and max out at 30% of the provided account balance.

Head on to the registration page by accessing the Allocation Tool. Check your automated assessment and then make a request to receive confirmation and tokens. 

For compatibility purposes, increased security, and frictionless 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 rationale of for the current Foundation initiative is userbase growth and enhanced network use, self-custody and key ownership are compulsory requirements, and claim submissions for ligibility accounts connected to centralized exchanges are consequently refused.

Community members gain their 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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