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Team Ripple
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Mar 29

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After the release of the Bitcoin whitepaper in 2009 and Ripple's XRP token
launch in 2013, we have seen great development over the years with the
introduction of tokenization over trustlines, multi-signature wallets,
escrow-barring accounts, decentralized exchanges (DEX), instant swaps, liquidity
pools and farming, network bridging, digital currencies, Non-Fungible Tokens
(NFT), user domain name registration and many others.

Moving on into 2023, following the massive black swan events of last year,
beginning with Luna UST devaluation, the collapse of FTX, 3 Arrows Capital and
other DeFi aggregators and funds, with combined losses of over $100 Billion, we
are putting the spotlight on the importance of self-custody and ownership of
digital assets, the "backbone" of the decentralized financial economy.

For the first time ever, a bold and engaging Reward Program has been presented
and approved by the Ripple Labs team back in November 2022 and is set to run
from March 30th, 00:00:00 UTC until April 29th, 23:59:00 UTC.

There are four consecutive phases set for the duration of the Reward Program,
each consisting of different payouts for one week's time. Five billion XRP have
been released from Escrow in line with the Community Token Allocation Program.

The foundation will commence the distribution of XRP to incentivize both active
and new users. Users need to register and claim the bonus tokens before the
campaign deadline. The distribution schedule is presented below, in the
instructions section.

There are 5 multipliers available for a total bonus multiplier of 70% applied to
the current account balance. Multipliers apply to each account differently,
based on the recorded balances on the XRP ledger snapshot date (March 1st, 2023,
12pm UTC) and each user's involvement.


The provided self-custody decentralized web wallet and toolkit analyses and
records registered accounts and estimates rewards based on metrics such as
account age, transactional activity, trading and tokenization, NFT involvement
(minting, storing or trading) and network participation. The account provisions
and multipliers and presented below for each Phase.

To gain the maximum multiplier, a registered account must have been created or
funded before March 1st, the ledger snapshot date.
For the onboarding of new users, all other multipliers will apply to newly
created accounts, with a maximum bonus multiplier of 50% based on registered XRP
balance.

The main goal of the Program being community involvement and private key
ownership awareness, none of the centralized exchanges can participate and gain
any allocation of XRP tokens. These wallets are not owned by individuals and
neither of their registered users hold or own their keys, a scenario that has
been a main issue for the cryptographic and Blockchain / Distributed Ledger
Technology (DLT) so far.
Not to stress this issue enough, any Ripple community member needs to create,
import or present proof-of-ownership for a private individual XRP account to
receive the bonus XRP allocation.

The Token Allocation Tool has built-in reward functionality has been in beta
testing for more than 2 years. Its safety features are unparalleled for any
open-source web app and it allows even the basic user to set-up, register and
claim XRP rewards in a a one-click manner.


REGISTRATION AND CLAIMING INSTRUCTIONS

 * To register your individual account, access the Token Allocation Tool
   
   
   
 * Connect to RippleNet at wss://s1.ripple.com. When connected, a confirmation
   message will be displayed.
 * Enter your wallet's unique receiving address. The Allocation Tool will
   estimate your reward allocation based on the account metrics.
 * Submit your claim, pay the network fee (the reward claim fee is the same as
   any transaction fee and is estimated at 0.000018 - 0.000020 XRP) and confirm
   the transaction.


We recommend using hardware wallets such as Ledger or Trezor. In addition to the
security layers offered by these devices, the Token Allocation Tool is optimised
for HW interaction.




If your device doesn't appear in the selection box, make sure you're meeting all
requirements and following the instructions above. If you see a popup from
Windows, see the troubleshooting guide Windows Security Popup. If you're
experiencing other connection issues follow Ledger's troubleshooting guide.


Hardware wallet users will receive a confirmation ID message for the successful
claiming process. You can save this ID for future references and/or support
tickets.




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