U.S.-based exchange Uphold has launched a campaign that allows XRP enthusiasts to win up to $20,000 in XRP tokens.
Uphold announced this latest XRP promotion on Thursday via its official account on X. The campaign is called the “XRP Sweepstakes.” It promises a grand prize of $20,000 in XRP to one lucky participant, with an additional $5,000 to be shared among five runners-up.
How to Participate in Uphold’s XRP Sweepstakes
Notably, this campaign is designed to reward users for their activities on the exchange over a specified period. The XRP Sweepstakes opened for participation on October 3 and will end on October 31.
During this time, Uphold users can accumulate “entries” for each eligible transactional activity conducted on the platform. Importantly, users do not need to make specific purchases or payments to take part in the Sweepstakes.
The primary requirement for interested individuals is to register their interest in the campaign by clicking on the “opt-in” banner on the Uphold app. This will be visible to eligible users. Upon opting in, a participant will receive one free entry.
From that point on, all eligible trades conducted on the Uphold exchange during the campaign period will earn the user additional entry tickets. These entry tickets will be used for the draw at the end of the campaign to select the winner. In other words, participants who accumulate more entries through more transactions will have a greater chance of winning.
All eligible transactions are counted as tickets, regardless of the transaction value. This means that larger trades do not necessarily increase one’s chances of winning; rather, the quantity of trades does. Moreover, there is no limit to the number of entries a participant can accumulate.
It is important to note that Uphold considers “eligible” trades to be all transactions, excluding withdrawals of crypto assets or fiat and deposit transactions.
Who Can participate
The ongoing XRP Sweepstakes is open to all registered users on Uphold who have completed KYC, except for New York and Florida residents. Additionally, participants must be at least 18 years old.
Selecting the Winners
At the conclusion of the Sweepstakes period, six winners will be chosen at random from all eligible entries. Winners will receive an email notifying them of their success. Their prize will be credited to their Uphold account within 30 days.
Winners must confirm receipt and acceptance of the Terms and Conditions within ten days. Otherwise, they risk losing the prize, which will be transferred to the next qualified participant. The exchange has noted that it may request proof of age and residency to verify eligibility before awarding prizes.