The cryptocurrency community has received exciting news for Ripple (XRP) holders, as Uphold, a prominent U.S.-based digital asset platform, has begun distributing Evernode (EVR) tokens through a targeted airdrop. This initiative marks a significant development for users engaged with the XRP Ledger (XRPL) ecosystem and highlights growing momentum behind layer-2 innovations built on the network.
Evernode Airdrop: What You Need to Know
Uphold officially confirmed the distribution of Evernode (EVR) tokens to eligible XRP holders who met specific criteria. The key requirement was holding XRP in their Uphold wallets prior to the September 1 snapshot date. This move aligns with Evernode’s broader mission to expand utility and participation within the XRPL ecosystem.
"We are in the process of distributing $EVR to Upholders that held $XRP before the Sept 1st snapshot. Eligible users should expect to find @EvernodeXRPL inside their Uphold Wallets within the next 24 hours."
— Uphold (@UpholdInc), February 28, 2024
The airdrop targets users who stored their XRP on-chain, emphasizing the importance of self-custody and active engagement with blockchain protocols. Notably, Evernode is a layer-2 blockchain protocol designed as a sidechain to the XRP Ledger, aiming to enhance scalability, smart contract functionality, and decentralized application (dApp) development.
Distribution Mechanics and Eligibility
To qualify for the EVR airdrop, users had to:
- Hold XRP in their Uphold wallet before September 1.
- Maintain on-chain storage of their tokens.
- Be active Uphold clients during the snapshot period.
Approximately 5,160,960 EVR tokens are being distributed, with priority given to XRP holders possessing balances up to 50,000 XRP. This tiered approach ensures broader accessibility while rewarding consistent participation in the ecosystem.
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Evernode and the XRP Ledger Ecosystem
Evernode represents a strategic evolution of the XRP Ledger by introducing robust smart contract capabilities through a scalable sidechain architecture. Unlike traditional layer-1 limitations, Evernode enables developers to deploy complex dApps without compromising transaction speed or cost-efficiency.
As a sidechain, Evernode maintains interoperability with XRPL, allowing seamless asset transfers and data synchronization. This integration strengthens the overall utility of XRP by creating new use cases in decentralized finance (DeFi), NFTs, and enterprise-grade applications.
Uphold’s early support for EVR—announced in August 2023, four months before Evernode’s mainnet launch—demonstrates confidence in the project’s long-term viability and its alignment with Ripple’s vision for an open, interconnected financial system.
Current Status of EVR on Uphold
While EVR tokens have been successfully credited to eligible wallets, they are not yet tradable on the Uphold platform. The company has clarified that EVR must meet full listing criteria and liquidity benchmarks before trading functionality is enabled.
“EVR will not be tradable on Uphold until it satisfies our full listing criteria and liquidity requirements are met. This means you might initially only be able to hold your Ever tokens once they have been airdropped to your Uphold wallet.”
This cautious approach reflects Uphold’s regulatory compliance standards and commitment to user protection. However, token holders can still monitor their balances and prepare for future trading opportunities once listing conditions are fulfilled.
Historical Context: Uphold’s Ongoing Support for XRP
This airdrop is not an isolated event. Uphold has consistently supported XRP and its community through various incentive programs. In the past, the platform distributed thousands of XRP tokens to users who completed at least $20 in eligible trades—a move that boosted user engagement and platform activity.
Moreover, XRP’s popularity among Uphold clients surged in late 2023. During the week of November 18–25, XRP became the top-traded cryptocurrency on the platform, with nearly 75% of users purchasing the asset. This level of demand underscores sustained investor confidence in XRP’s utility and long-term potential.
Why This Airdrop Matters
The EVR distribution is more than just a reward—it's a signal of maturation within the XRPL ecosystem. By leveraging layer-2 solutions like Evernode, the network is addressing scalability and functionality gaps that have historically limited its adoption compared to other blockchains.
For holders, this means:
- Increased value accrual beyond simple price appreciation.
- Opportunities to participate in emerging dApps and DeFi protocols.
- Enhanced engagement with decentralized infrastructure built on a high-performance ledger.
Additionally, partnerships with established platforms like Uphold lend credibility and accessibility to new tokens, bridging the gap between innovation and mainstream adoption.
Frequently Asked Questions (FAQ)
Q: Who qualifies for the Evernode (EVR) airdrop?
A: Eligible participants are Uphold users who held XRP in their wallets before the September 1 snapshot date and maintained on-chain storage.
Q: Can I trade EVR tokens on Uphold right now?
A: No. EVR is currently non-tradable on Uphold until it meets full listing criteria and liquidity requirements.
Q: How many EVR tokens are being distributed?
A: A total of 5,160,960 EVR tokens are allocated for the airdrop, with preference for XRP holders with balances up to 50,000 XRP.
Q: Is Evernode part of the XRP Ledger?
A: Yes. Evernode operates as a layer-2 sidechain to the XRP Ledger, enhancing its capabilities for smart contracts and dApp development.
Q: When will EVR become tradable?
A: There is no official date yet. Uphold will announce once EVR satisfies all listing requirements.
Q: Does this airdrop indicate future support for more XRPL-based tokens?
A: While not guaranteed, Uphold’s repeated engagement with XRP-related initiatives suggests ongoing interest in expanding its XRPL ecosystem offerings.
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Final Thoughts
The Evernode (EVR) airdrop represents a milestone in the evolution of the XRP Ledger ecosystem. Backed by Uphold’s infrastructure and distribution network, this initiative empowers XRP holders with access to next-generation blockchain utilities while reinforcing trust in decentralized innovation.
As layer-2 solutions continue to gain traction, users can expect more integrations, incentives, and opportunities across platforms that support XRPL-based projects. For now, eligible holders should verify their wallets for EVR deposits and stay informed about upcoming updates regarding token tradability and ecosystem growth.
By combining strategic partnerships, technical advancement, and user-centric rewards, the future of XRP and its extended network looks increasingly dynamic—and full of potential.
Core Keywords:
XRP, Evernode (EVR), Uphold, XRP Ledger (XRPL), airdrop, layer-2 blockchain, sidechain, cryptocurrency rewards