- Ripple announces a 100 million XRP airdrop as a token of appreciation to its global community.
- The XRP airdrop comes amid Ripple’s ongoing legal challenges with the SEC.
- The airdrop is open to all, including U.S. users, and will continue until the 100M XRP is released.
Ripple has revealed plans to distribute a 100 million XRP airdrop to its global community, highlighting its continued support for users during ongoing legal challenges. The announcement comes as the SEC pursues an appeal in the high-profile case against Ripple, which has shaped much of the legal landscape around cryptocurrency in recent years.
The company, led by CEO Brad Garlinghouse, has been vocal about its commitment to expanding access to XRP and RippleNet, despite regulatory hurdles. This latest airdrop signals Ripple’s intent to demonstrate gratitude toward its community, which has played a pivotal role in its resilience.
The airdrop will see 100 million XRP tokens distributed to users globally, including those based in the United States, where the legal environment surrounding Ripple remains particularly contentious.
The company’s plans for the airdrop, scheduled for the fourth quarter of 2024, coincide with increased efforts to make Ripple’s blockchain solutions more accessible. Ripple’s leadership sees this initiative as a way to solidify XRP’s role as a cornerstone of the blockchain ecosystem, especially in a market where altcoins have faced challenges.
The timing of this initiative aligns with Ripple’s strategy to boost its standing in the digital currency space, building on previous successes while navigating an uncertain regulatory environment.
As per the report, they will complete this airdrop till the pool of hundred million XRP is available in the market. What participants can look forward to is the credit of their XRP immediately upon signup, with no end date for the airdrop. Ripple has stressed that those who will fail to buy the token on time will get back their XRP in question at once.
This large-scale airdrop comes after a bullish run of BTC and other digital assets, Ripple continues to show its self belief in the XRP token despite the state of legalities that surround the coin. Of course, Ripple is loyal to its audience and this new scenario aims at maintaining the connection with users although the state control issue.
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