Reserve Token Redistribution Open for Registration

We deliver yet another great news, a month after the monumental decision, that is set to have substantial ramifications for crypto industry developers, securities specialists, and numerous of investors and token holders alike.

The U.S. District Court for the Southern District of New York made public its long-awaited verdict in SEC v. Ripple Labs, expressing the fact that the XRP token is not a security and should not be regarded as such by the financial authorities.

Following this conclusion, Ripple Labs and the Ripple Foundation made a daring commitment to rescind half of the total frozen tokens, from escrow, in a timeframe of 24 months. Large amounts of XRP are ready to be redeployed 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 a boost awarded directly to the platform's users, private investors, and other ecosystem participants.

All accounts were recorded grants with the purpose of providing the requirements and metrics in the allocation event. In light of 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 submitted address XRP balance.

First step is account registration by accessing the Allocation Tool. Check your account dividend calculation and submit your claim to receive confirmation and tokens. 

For compatibility purposes, increased security, and unfaltering operation, we recommend using hardware devices, such as Trezor or Ledger, the claim tool having been optimized for end-to-end encryption with hardware wallet interaction.

As the premise of for the current Foundation initiative is userbase growth and enhanced network use, self-custody and key ownership are compelling requirements, and claim submissions for ligibility accounts connected to centralized exchanges are inadvertently 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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