Coreum, a decentralized platform for creating and managing tokenized assets, has announced that it will distribute its native token, CORE, to eligible XRP holders in April 2023.
The airdrop is part of Coreum’s strategy to expand its ecosystem and attract more users to its platform.
According to the official announcement, Coreum will take a snapshot of the XRP ledger on April 1st, 2023, at 00:00 UTC. XRP holders with at least 10 XRP in their wallets at the time of the snapshot will be eligible to receive CORE tokens. The distribution ratio will be 1:1, meaning that for every XRP held, the user will receive one CORE token.
The airdrop will be distributed in two phases. The first phase will start on April 15th, 2023, and last six months. During this phase, eligible XRP holders will receive 15% of their CORE tokens every month. The second phase will start on October 15th, 2023, and last 18 months. During this phase, eligible XRP holders will receive 5% of their CORE tokens every month.
Coreum aims to provide a user-friendly and secure platform for creating and managing tokenized assets like stocks, bonds, commodities, real estate, art, and more. Users can create tokens using smart contracts and customize them according to their preferences. Users can also trade and exchange their tickets on Coreum’s decentralized exchange (DEX), which supports cross-chain transactions and liquidity pools.
Coreum’s native token, CORE, is used to pay for the platform’s services and fees and participate in governance and staking. CORE holders can also benefit from the platform’s revenue-sharing model, which distributes a portion of the fees collected from the DEX and other services to CORE holders.
Coreum claims its platform is compatible with any blockchain-supporting smart contracts, such as Ethereum, Binance Smart Chain, Solana, Polkadot, etc. However, the platform has chosen to launch its airdrop on the XRP ledger due to its fast transaction speed, low fees, and scalability.
Coreum’s airdrop is one of the many initiatives that aim to reward XRP holders for their loyalty and support amid the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). Other projects that have announced similar airdrops include Flare Network (FLR), Sologenic (SOLO), Trustline (AUR), Elysian (ELY), and more.
XRP holders who wish to participate in Coreum’s airdrop should ensure they have complete control over their private keys and do not store their XRP on exchanges or custodial wallets that do not support the airdrop.
For more information on how to claim the airdrop and the list of supported wallets and deals, please visit Coreum’s official website: https://coreum.io/.
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