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Evernode delays layer-2 network launch and airdrop to December 18

EditorHari Govind
Published 23/11/2023, 15:26
© Reuters
XRP/USD
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Evernode has postponed the launch of its layer-2 solution on the XRP Ledger (XRPL) and the related token airdrop to December 18, citing integration issues with the XUMM wallet on its Xahau sidechain. The project's use of three Hooks, which are small pieces of code that execute specific functions on the XRPL, has successfully passed security and functionality audits.

The eligibility for the Evernode airdrop was previously established through a snapshot of XRP ledger balances taken at ledger #82237135. This snapshot recorded holders of up to 50,000 XRP units in certain wallets or exchanges as eligible for the upcoming distribution of Evers tokens.

In preparation for the airdrop, Evernode is developing tools to assist users in calculating their entitled share of Evers tokens. The total supply of Evers tokens is capped at over 72 million, with 20 million allocated for initial distribution to stakeholders such as holders and project contributors. The remaining supply is reserved for long-term host incentives, which are planned to last through multiple epochs extending over a century.

This strategic initiative by Evernode aims to boost the XRPL ecosystem. In line with these developments, the market has responded positively, with XRP's price experiencing a bullish surge to $0.6185.

For those interested in participating in the airdrop, Evernode has provided an official issuance address: rEvernodee8dJLaFsujS6q1EiXvZYmHXr8. Crypto enthusiasts and potential participants are advised to follow this information carefully to ensure they engage with the correct protocols and avoid any fraudulent schemes.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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