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Evernode Announces Major Airdrop for XRPL Account Holders – Crypto News

Published

3 years ago

November 27, 2023

Dripp

In a major announcement that has caught the attention of the cryptocurrency community, Evernode, the Layer-2 smart contract platform on the Xahau Network, has revealed comprehensive plans for its much-anticipated airdrop. This development marks a crucial phase for users with XRPL accounts as Evernode shifts its operational base from the XRP Ledger to the Xahau Network.

XRPL Holders Prepare for Evernode Airdrop

Evernode’s airdrop process is based on a precise calculation involving the snapshot of XRP holdings in XRPL accounts as of September 1, 2023. The platform has earmarked 5,160,960 Evers to be distributed among registered addresses on the Xahau Network. The amount of Evers each participant receives will be directly proportional to their XRP holdings in the corresponding XRPL account.

To be eligible for the airdrop, participants must register their XRPL r-addresses on Evernode’s official website before the December 11, 2023, deadline. Following this registration, they must import these r-addresses onto the Xahau Network and establish a trustline to the Evers issuing address.

The airdrop is scheduled to occur on December 18, 2023. On this date, Evernode will deposit the Evers into an Airdrop Hook, a specific mechanism on the Xahau Network. Participants can then claim their Evers by executing a transaction from their registered r-address on Xahau to the Airdrop Hook.

Evernode has strongly recommended using the Xumm Wallet for this process, highlighting its comprehensive functionality. However, users employing other wallets are advised to use the SetRegularKey function to ensure a smooth experience.

It’s important to note that this airdrop process does not include customers of the exchanges Bitrue and Uphold. These users will receive their Evers through a separate procedure facilitated by these exchanges.

Xahau Transition Marks Evernode’s Technological Progress

Initially, Evernode had planned to launch its airdrop on the XRPL platform. However, due to unforeseen challenges, there was a strategic pivot to the Xahau Network. This transition added a layer of complexity to the airdrop process, necessitating the new registration and trusting establishment procedures on the Xahau Network.

Shifting to the Xahau Network, Evernode opens up new possibilities and capabilities that the XRPL platform could not fully support. This move is not just a technical transition but also represents Evernode’s commitment to adapt and evolve in the fast-paced world of cryptocurrency and blockchain technology.

To facilitate a seamless airdrop experience, Evernode has provided detailed instructions and guidelines on its website. Participants are encouraged to follow these instructions carefully to ensure they meet all requirements for the airdrop. Moreover, Evernode’s customer support team is available to assist participants with any queries or issues that may arise during the process.