Cryptocurrency exchange Bitrue has launched a major giveaway campaign for the XRP community.
of campaign is offering participants the opportunity to earn a share of 420,000 XRP as a reward. TEntitled “Chance to 420,000 XRP,” Bitrue offers users multiple opportunities to earn tokens through staking, trading, depositing, and referrals.
According to the announcement, the event will end on November 13th at 04:00 (UTC). The purpose is to increase user engagement on the platform.
New users are defined as individuals who registered with Bitrue on or after January 1, 2025 and have not yet made their first deposit.
Additionally, the exchange has reserved a prize pool of 250,000 XRP for deposit and trading contests that are open to both new and existing users. Additionally, users can also earn up to 50 XRP by inviting eligible traders to the platform.
staking opportunities
The second step of Bitrue’s giveaway campaign features attractive staking opportunities. This event allows users to increase their XRP holdings through a high annual percentage yield (APY).
New users are offered a flexible staking rate of 80% APY and 7 days of guaranteed rewards. Meanwhile, existing users can earn 3% returns through the 15-day fixed period staking option.
increase rewards
The third phase requires users to double their earnings through a new XRP launch pool. According to Bitrue, the launch pool will go live today, November 4th. This allows new and existing users to earn up to 50% APY.
To participate in any event, users must complete Bitrue’s KYC Level 1 verification. The exchange also noted that withdrawing funds during the giveaway period may affect participant eligibility. All rewards will be distributed within 14 days after the event ends.
Bitrue’s never-ending support for XRP
For context, Bitrue remains one of the few exchanges that consistently demonstrates strong support for XRP. The platform has a long-standing commitment to this asset and will stand by it in both bullish and bearish market conditions.
Since first listing XRP in 2018, Bitrue has continuously expanded its XRP offering and launched over 90 trading pairs of the token as of March 2024.
The exchange has also hosted several XRP-focused promotions, including a $50,000 giveaway contest held last March. Bitrue’s latest 420,000 XRP giveaway highlights the company’s enduring faith in the token and its ecosystem.