Given the number of tokens dedicated to the staking pool, one can say that the staking rewards won’t be meager. Secondly, the project is truly decentralized, with none of the tokens being allocated to the team. XRP20 aims to follow in XRP’s footsteps and give holders another shot at the bull how do you calculate long term assets run. A speculative asset with a utility that is rooted in community rewards. To give an analysis of this project, we have to look at the project it has been inspired by – XRP.

Second, every XRP20 transaction will burn 0.1% of the tokens transacted. Both these measures will limit the supply of the token, and over time, that can potentially increase its price. Even though XRP20 is not related to XRP in any way, it can potentially impact the XRP Army, the community around XRP, which mostly has institutional investors. By providing a simpler version of XRP, one built on the Ethereum blockchain and with more beginner-friendly utilities, XRP20 can become an asset of choice for retail investors. More in number and with bigger aspirations, these investors can mobilize the community to push the value of XRP20 in a way similar to a meme coin.

Community

The marketing during the presale fuels the community’s interest in the token, which accelerates the pace of the ICO. The same momentum fuels the pump when the token goes live on cryptocurrency exchanges. Many assets have gone 10x within days of landing on crypto exchanges after the presale. XRP20 says that it is a movement that bridges this knowledge gap. Through its community-driven ideals, it aims to give new entrants a chance to explore the vast potential of cryptocurrencies.

Total Supply – 100 Billion Tokens

This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. You can use XRP to exchange between fiat currencies rather than directly exchange currencies through a traditional financial institution. This can be a much faster and cheaper approach versus paying the high fees banks and money remittance organizations may charge. No, XRP20 has no affiliation with XRP or any other product of Ripple Labs. It is an experimental asset and designed for entertainment purposes only.

Step 1 – Visit the Official Website

Moreover, with the staking feature, buyers are now able to earn passive income. XRP20 holders can stake their tokens in the ecosystem to keep the XRP20 price stable and earn APY rewards in return. Although a simple utility, staking presents a good opportunity for investors who want to earn passive and stable income away from the volatility of the crypto market.

1. A general rule of thumb is it’s easier to purchase a crypto with a fiat currency like the U.S. dollar compared with other cryptocurrencies.
2. More in number and with bigger aspirations, these investors can mobilize the community to push the value of XRP20 in a way similar to a meme coin.
3. The marketing during the presale fuels the community’s interest in the token, which accelerates the pace of the ICO.
4. Claiming of XRP20 went live on the 22nd of August and a trading pool has been created on Uniswap at the same time.

Burning will limit the supply of the token, increasing its scarcity, which can potentially enhance XRP20’s value. Token burning makes the project deflationary, allowing the token’s value to grow over time, giving it a long-term upside. One reason why crypto investors haven’t historically been bullish about XRP is its centralized nature. That has created unease around this asset since its price can be manipulated by whales.

How much I need to buy XRP20 coin?

XRP’s partial victory over SEC sent positive shockwaves across the entire crypto community. That led to the XRP price going up by 80%, renewing interest in cryptocurrencies which pushed the value of Cardano, Solana, and other assets also upwards. While the initial excitement has subsided, XRP is back in the conversation. Furthermore, the current regulatory environment, which is also considering spot Bitcoin ETF applications, is renewing more interest in the cryptocurrency market. XRP20 has dedicated 10% of the total supply to the burn address.

After a successful launch on DEX, the next phase in the roadmap is the implementation of a token burning mechanism. This feature will automatically reduce the token supply with each transaction, increasing scarcity. Awarding staking rewards is a continuous process which will take place over the course of 4 years. XRP is the native token for Ripple, a payments network that is designed to serve the financial services industry.

Although not affiliated with Ripple, it aims to address its shortcomings – a community-centric token, XRP20 provides retail investors a lower price point and stake-to-earn utility. Explore how to buy XRP20 in this guide and whether XRP20 is a good investment. The official whitepaper explains that early adopters during the early days of the release of prominent crypto assets were all tech-savvy. They understood the nuances of the investment they were getting into, which allowed them to reap large rewards.

The XRP20 token smart contracts have been audited by 0XGuard, a leading independent auditing company and no security issues were found. XRP launched in 2012 and hit its all-time high of $3.84 in 2018. A correction then pushed the value of XRP to its all-time low level before a bounce during the Bitcoin bull run in 2021. The lawsuit between the US Securities and Exchange Commission (SEC) and Ripple then saw it retrace again.

Use the widget available on the website homepage in order to buy XRP20. There is no “buy tax” on presale transactions, meaning that you will have full access to all the tokens you buy. Once you buy the token, it will stay reserved to your wallet address, and you will be able to claim it once the presale concludes.

In the past 24 hours, WETH on the Uniswap V2 exchange is only one trading pair for XRP20 with a trading volume of $988. While Bitcoin transactions can take minutes or more than an hour, the advantage of XRP is that its transactions are confirmed every three to five seconds. Being a minimalistic token, XRP20 has gone with a minimalist and achievable roadmap.