thecryptobasic.com
Crypto exchange Bitrue has launched a major giveaway campaign for the XRP community.
The campaign is offering participants a chance to earn a share of 420,000 XRP in rewards. Titled “Your Chance to 420,000 XRP,” Bitrue offers users multiple opportunities to earn the token through staking, trading, depositing, and referrals.
According to the announcement, the event will conclude on November 13 at 04:00 (UTC). It aims to boost users’ engagement on the platform.
It defined new users as individuals who registered on Bitrue after January 1, 2025, and have yet to make their first deposit.
Additionally, the exchange reserves a 250,000 XRP prize pool for its deposit and trading competition, open to both new and existing users. Moreover, users can also earn up to 50 XRP for inviting qualified traders to the platform.
Staking Opportunity
The second step of Bitrue’s giveaway campaign features attractive staking opportunities. In this event, users can grow their XRP holdings through a high annual percentage yield (APY).
New users are being offered an 80% APY flexible staking rate with guaranteed rewards for seven days, while existing users can earn a 3% return through a 15-day fixed-term staking option.
Multiply Rewards
The third phase requires users to multiply their earnings through a new XRP launchpool. According to Bitrue, the launchpool will go live today, November 4. It allows new and existing users to earn up to 50% APY.
To participate in any of the events, users must complete Bitrue’s KYC Level 1 verification. The exchange also noted that withdrawing funds during the giveaway period may affect participants’ eligibility. All rewards are scheduled to be distributed within 14 days after the event concludes.
Bitrue’s Unending Support for XRP
For context, Bitrue remains one of the few exchanges that have consistently demonstrated strong support for XRP. The platform has long pledged its commitment to the asset and stands by it through both bullish and bearish market conditions.
Since first listing XRP in 2018, Bitrue has continually expanded its XRP offerings, launching over 90 trading pairs for the token as of March 2024.
The exchange has also hosted several XRP-focused promotions, including a $50,000 giveaway contest held in March last year. Bitrue’s latest 420,000 XRP giveaway underscores its enduring confidence in the token and its ecosystem.