If you’re an XRP holder, you might be eligible for airdrops. But how do you know if you qualify? The first step is to check the snapshot date and time specified by the project conducting the airdrop. Use the Bithomp XRP explorer to verify your wallet balance as of that date.
If you held a sufficient amount of XRP in an eligible wallet, such as Xumm or another non-custodial option, you might be in line for some free tokens. But there’s more to it – let’s take a closer look at the specifics.
Key takeaways
- Verify snapshot date: Check the official project channels for the exact snapshot date to determine eligibility.
- Use the Bithomp XRP explorer: Utilize Bithomp to verify wallet balance at the snapshot date using its “time machine” feature.
- Hold XRP in eligible wallets: Store XRP in a personal, non-custodial wallet like Ledger or Xumm to qualify for airdrops.
- Understand allocation rules: Token allocation is typically based on the amount of XRP held at the snapshot time, with upper limits to prevent excessive rewards.
- Track official announcements: Follow project-specific channels and reputable news sources to stay updated on airdrop eligibility and claiming procedures.
XRP airdrop eligibility criteria
To check if you’re eligible for an airdrop, use tools like the Bithomp XRP explorer to verify your wallet balance as of the snapshot date.
Many airdrops place limits on allocations to prevent excessive rewards to larger holders, or “whales.” These limits ensure a broader distribution of tokens among smaller holders.
To secure airdrop tokens, follow official project announcements and utilize supported platforms for claiming the tokens post-airdrop.
Staying engaged with the community and regularly checking participation metrics can enhance your chances of receiving tokens and provide insights into upcoming opportunities.
Always verify the information through reliable sources to avoid any potential issues.
Key XRP airdrops in 2024
Airdrops have been a significant trend in the cryptocurrency space, and XRP is of course a part of that. One of the perks of being a long-term holder of XRP is that you’ll often be eligible for airdrops. Now, let’s explore Evernode, the most notable XRP airdrop in 2024.
Evernode
Evernode, a layer 2 project that’s working on introducing smart contract capabilities to the XRP ecosystem, made a snapshot of the XRP blockchain on September 1, 2023. Evernode said that it would use the snapshot to airdrop EVR tokens to users once the Xahau Network platform was ready to launch.
Uphold and Bitrue, two exchanges who are known to be very XRP-friendly, announced support for the Evernode airdrop. However, most major crypto exchanges did not and most users who held XRP on exchanges at the time of the snapshot were not eligible to receive Evernode’s EVERS tokens.
In December of 2023, the Evernode project notified users that the Evernode airdrop registration process had finished. In total, 38,478 XRP Ledger addresses in total were eligible from the airdrop. This includes both addresses owned by individual users and addresses controlled by Bitrue and Uphold cryptocurrency exchanges.
It’s important to note that Evernode relied on the Xumm XRP wallet to release functionality allowing users to claim the EVERS airdrop. According to the Evernode project, this was necessary due to the airdrop’s technical complexity. The airdrop finally happened in early 2024, with Uphold users sharing news of airdroped EVERS.
Here’s the full timeline of the now-concluded EVR airdrop:
- August 31, 2023 – Uphold announces support for the EVR airdrop.
- January 15, 2024 – Evernode network launched.
- February 20, 2024 – Uphold to process & distribute the airdrop to qualifying customers on February 28th.
- February 28, 2024 – Uphold processed the airdrop for distribution.
Checking airdrop eligibility
Determining your eligibility for XRP airdrops involves verifying that your wallet held a sufficient amount of XRP at the time of the project’s snapshot. This is vital because the snapshot date determines who qualifies for the token distribution.
To check your eligibility, use tools such as the Bithomp XRP explorer to verify your wallet balance at the specified snapshot time. First, find the exact snapshot date and time on the project’s official website or social media channels.
Then, enter your XRP Ledger address in the Bithomp XRP explorer and use its “time machine” feature to see your balance at the time of the snapshot. If your wallet balance meets the project’s eligibility criteria, you’re eligible to receive the airdropped tokens.
Regularly check the project’s official channels and engage with their community. This will keep you updated on any additional requirements or announcements regarding the airdrop distribution process.
Some projects may publish user eligibility lists detailing accepted wallet addresses for the airdrop, further confirming your eligibility status. Staying informed ensures you don’t miss out on potential token distributions.
Securing your tokens
You need to take proactive measures to safeguard your airdrop tokens.
When it comes to securing your tokens, storing them in a personal, non-custodial wallet such as Ledger or Xumm is a must. These wallets provide enhanced security compared to exchanges, which can be vulnerable to hacking and other security breaches.
Here are some key steps you should take to secure your tokens:
- Regularly backup your wallet data and recovery phrases: This makes sure that you won’t lose access to your tokens in case of emergencies.
- Monitor your wallet activity continuously: Regularly checking your wallet activity helps detect any unauthorized transactions, keeping your tokens safe.
- Enable two-factor authentication (2FA): Adding an extra layer of security for your wallets with 2FA can significantly reduce the risk of unauthorized access.
We recommend using a hardware crypto wallet such as the Ledger Nano S to provide the best security for your XRP holdings.
Protecting yourself from scams and fake XRP airdrops
With the rise of airdrops in the cryptocurrency space, scammers have become very sophisticated with, among other things, fake airdrop campaigns. You must be able to recognize potential red flags and take steps to safeguard your assets.
Here are some essential security tips to protect yourself from scams and fake XRP airdrops:
- Verify the source: Always ensure that the airdrop is coming from an official and trusted source. Cross-check announcements on the project’s official website or verified social media channels. Beware of unsolicited messages claiming you are eligible for an airdrop. 9 times out of 10, if someone messages you out of the blue, it’s an attempt to phish for personal information.
- Be cautious with unknown links: Scammers often use fake websites to imitate legitimate projects, asking users to connect their wallets or provide sensitive information. Never click on unfamiliar links, especially those sent via email or social media. Use official sources to access airdrop information directly.
- Use trusted wallets: Stick to well-established wallets like Ledger or Xumm when storing your XRP. Non-custodial wallets allow you to maintain control over your private keys, which reduces the risk of losing funds to compromised platforms.
- Enable Two-Factor Authentication (2FA): If available, enable 2FA for added security on your wallet and exchange accounts. This provides an additional layer of protection by requiring a secondary code to authorize transactions or logins.
- Check for fake airdrop promises: Some scammers promise exaggerated rewards to lure in users. Airdrops aren’t likely to make you rich. If an airdrop offer seems too good to be true, it likely is. Always review the project’s documentation to understand the real airdrop structure and token allocation.
- Monitor your wallet activity: Regularly check your wallet for any unauthorized transactions. Most scammers aim to access your wallet without your knowledge, so staying vigilant can help detect any suspicious activity early.
- Use blockchain explorers: Tools like Bithomp XRP Explorer can help you verify wallet balances and transaction history. Before participating in any airdrop, ensure your account meets the eligibility criteria, and be cautious about any discrepancies.
Project-Specific requirements
When participating in XRP airdrops, always aim to understand the project-specific requirements that govern eligibility. Each airdrop has its own set of rules that you need to follow to receive the tokens. Here are three key aspects to consider:
- Snapshot dates and eligible wallets: Most airdrops require you to hold XRP in eligible wallets at the time of the snapshot. For instance, the Evernode airdrop on September 1, 2023, mandated that users hold XRP in non-custodial wallets like the Xumm wallet.
- Token allocation based on XRP holdings: Airdrops typically allocate tokens based on the amount of XRP you hold at the snapshot date, often with upper limits to prevent larger holders from receiving disproportionate rewards.
- Additional actions and compliance: Some projects may require you to engage in specific actions, such as joining a community or trading on a particular exchange, and ensure compliance with project guidelines published on official channels.
Staying updated on airdrops
Understanding eligibility is just the first step in maximizing your potential gains from XRP airdrops. To truly capitalize on these opportunities, you need to stay updated on airdrops by following official projects and community channels for announcements and eligibility requirements.
This includes keeping tabs on project-specific requirements, such as snapshot dates and wallet balances, which can be verified using tools like the Bithomp XRP explorer.
Engage with reputable social media accounts dedicated to cryptocurrency airdrops for timely information about upcoming events.
For instance, knowing which exchanges support airdrop distributions, such as Uphold and Bitrue for the Evernode airdrop, is obviously necessary. Regularly check trusted cryptocurrency news platforms so that you have access to the latest updates and insights on potential airdrop opportunities.
FAQs
How to earn XRP for free?
You can earn XRP for free by participating in legitimate airdrops, joining crypto reward programs, or completing tasks on websites that offer XRP as a reward, e.g. pay-to-click sites. Always make sure you’re using trusted platforms and avoid scams that promise free XRP.
How to find legit airdrops?
To find legitimate airdrops, follow official project channels, reputable cryptocurrency news platforms, and verified social media accounts. Use trusted airdrop tracking sites and always double-check the source to avoid scams. Check out our article on best crypto airdrops in 2024.
How to claim airdrops?
To claim airdrops, you typically need to hold a specific cryptocurrency in an eligible wallet at the snapshot date. Follow the project’s instructions for claiming the tokens. They will often require you to connect your wallet to a supported platform or complete specific actions.
Do airdrops really pay?
Yes, legitimate airdrops can provide real tokens, but the value of these tokens varies. While some airdrops result in valuable rewards, many offer small amounts, and the tokens may take time to increase in value.
The bottom line
At the time of writing this article (September 2024), there are no significant upcoming airdrop snapshots for XRP holders. However, airdrops for XRP holders are relatively frequent, which is certainly a nice perk if you’re a long-term XRP holder.
Still, airdrops usually don’t translate to a significant amount of value, so it’s probably not wise to invest in XRP just because you’d like to occasionally receive airdrops.
It’s important to note that you’ll usually need to hold XRP in your own wallet instead of having it on an exchange if you want to be eligible for airdrops.
In addition, you should be very careful about scams. Since XRP is a very popular cryptocurrency, XRP holders are often targeted by scammers and fake projects. For example, a fake project might try to lure users onto a malicious website under the pretense that they’re conducting an XRP airdrop.
Before trying to participate in any airdrop campaigns, make sure to conduct very thorough research so you know if you’re dealing with a legitimate project or not.If you also want to benefit from more cryptocurrency airdrops and not just XRP airdrops, check out our list of the best airdrop sites for free crypto airdrops.
