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  • Multi-asset digital assets platform Uphold is offering XRP holders 50,000 XRP tokens.
  • Interested participants will gain 1 entry into the draw for every $20 worth of eligible trade carried out.

Holders of the Ripple (XRP) token are in for a jolly ride after Uphold.Inc. announced a mouthwatering XRP giveaway to community members. Uphold, Inc. is a multi-asset digital money platform offering financial services to a global market.

In an attempt to give back to its users, the platform is giving out 50,000 XRP tokens to its community members this November. Uphold Inc is offering users a chance to win XRP tokens for each $20 sweepstake trade made on the platform.

As stated in an official blogpost, the announcement reads;

Hello Upholders! The XRP sweepstakes are back and better than ever! This November, we’re giving away a staggering 50,000 XRP to one lucky trader! For every $20 of eligible trades you make on our platform, you’ll get an entry into the sweepstakes. This means the more you trade, the higher your chances of winning!

During the time of this report, XRP is trading for a price value of $0.615. The asset has seen its weekly gains soar by 15 percent as it stabilizes within the green zone. As such, the total amount up for grabs at this time is currently valued at $30,755.

How to participate in Uphold’s giveaway

Users can participate through a process known as “Opt-in to win.” By doing so, users will be eligible to partake in the 50,000 XRP sweepstakes.

It is worth noting that users can only get their first entry after opting in. Additionally, only trades made after opting-in can gain entries into the draw. Users can click on the option to participate in the draw within the Uphold app by simply clicking on the promotional banner that reads “Opt-in to win.” After confirming their participation in the sweepstakes, users can begin to trade and earn entries.

After opting in, users will gain 1 entry into the draw for every $20 worth of eligible trade made. There is no limit to the amount of entries users can get. The more the trades, the higher their chances of winning.

As stated in the official announcement, the giveaway is currently only open to U.S Residents at this time and there are no purchases necessary to act.

Laying out some other important terms and conditions, the announcement revealed that residents of the US Virgin Islands, New York, and Florida are excluded from participating in the giveaway. Interested participants must also be 18 or older and be active users of the Uphold platform. Users must also verify their identity on the platform and complete the Know Your Customer (KYC) procedure required for all users of the Uphold platform.

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