Evernode Airdrop to XRP Holders Sparks Safety Controversy

Ahead of its mainnet launch, “Xahau composed” layer-2 protocol Evernode has announced its upcoming airdrop, however, community members are skeptical about its legitimacy.

As revealed by Evernode, there are two categories of the proposed airdrop targeted at its Betatesters and XRP holders respectively. The protocol’s native token EVERS is the designated asset featured in the proposed reward for eligible participants.

Evernode Airdrop: the Red Flags

As the protocol detailed, getting the Betatesters airdrop will require users to plug in their r-address resident on the testnet on XUMM. Evernode said this is the only way it can guarantee participation in testing the protocol and making it user-ready.

The Betatesters airdrop procedure comes in stages featuring the registration of the r-address before December 11, the import of the r-address to the Xahau Sidechain, and setting a trustline for EVERS.

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The user’s share of the designated 5,160,960 will be deposited into their r-address from which the users can make a claim after the protocol goes live on December 18.

XRP holders with balances held in their r-address on XRPL will also get a share of 5,160,960 EVERS. The protocol confirmed it will ascertain these balances based on snapshots taken from its participation partners.

As pointed out by community members based on a post from prominent analyst CryptoInsightUK , the request to connect hardware addresses to Xumm Wallet raises red flags.

CryptoInsightUK sought to know whether hackers have exploited Evernode’s X account, as the process to claim the airdrop now requires more than the public XRP wallet address earlier. 

The observation has sparked a lot of comments, as some users claimed they will wait out this process in order not to fall victim to any fraud.

Need to Take the Bull by the Horn

To address the concerns, Evernode has to take the bull by the horns and communicate in convincing ways that can allay the community’s fears. There is enough time to reset the PR around the EVERS airdrop in order to set the stage right for the emerging scaling protocol.