Ripple has revealed plans to distribute 100 million XRP airdrops to its global community, highlighting the company’s continued support for users amid ongoing legal challenges. The announcement comes as the SEC pursues an appeal in a high-profile case against Ripple that has shaped much of the regulatory landscape surrounding cryptocurrencies 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 intention to show gratitude to its community, which has played a key role in the company’s resilience.
The airdrop will distribute 100 million XRP tokens to users globally, including those in the United States, where the regulatory environment surrounding Ripple remains particularly contentious.
The company’s airdrop, scheduled for Q4 2024, coincides with an increased effort to make Ripple’s blockchain solutions more accessible. Ripple’s leadership sees the initiative as a way to cement XRP’s role as a cornerstone of the blockchain ecosystem, especially in a market where altcoins are facing many challenges.
The timing of this initiative fits with Ripple’s strategy to enhance its position in the digital currency space, building on previous successes while navigating an uncertain regulatory environment.
According to the report, they will complete this airdrop until the pool of 100 million XRP is available on the market. Participants can expect to receive their XRP credits as soon as they sign up, with no end date for the airdrop. Ripple has emphasized that those who do not purchase tokens on time will receive their XRP back immediately.
This massive airdrop comes after a surge in the price of BTC and other digital assets, and Ripple continues to demonstrate its confidence in the XRP token despite the regulatory situation surrounding the coin. Of course, Ripple is loyal to its audience, and this new scenario aims to maintain a connection with users despite the issue of state control.
