XRP20, a yield-bearing token launched on Uniswap decentralized exchange on Tuesday, August 22, has seen a trading volume of over $1 million. The token mirrors the 100 billion supply of XRP but has no affiliation with Ripple, the issuer of the XRP token. The XRP20 project’s innovative stake-to-earn utility is funded by allocating 40% of the token supply to paying community rewards. Staking rewards will be paid out over the next four years and tokens continue to earn APY for as long as they are staked.Since this morning in the European session, XRP20 has started to trend higher on a shallow incline. At the moment, the coin exhibits a Goldilocks-like behavior – not too hot or cold. This is good news for those considering an XRP20/WETH pair entry position. The chances of XRP20 reclaiming its high of $0.0001336 have risen significantly in the past few hours, as market sentiment shows bullish after the SpaceX price crash amidst Elon Musk’s rocket ship company dumping bitcoin. There are also rumors of Robinhood reopening XRP trading and XRP20’s pitch as a second chance to get into the XRP price at a low cost.XRP20 has several advantages over XRP, such as decentralization on Ethereum, no tokens set aside for founders and team members, and the liquidity and widely adopted decentralized finance (DeFi) ecosystem of Ethereum. Buying into XRP20 today could be the best chance in the current market for securing a blend of passive income and capital gain. There are rumors that Robinhood could list XRP before the end of 2023, which could be a further positive signal for XRP20.The token has seen a solid trading debut, with 23 billion tokens staked, amounting to 22% of the total token supply and 56% of the presale allocation. Forty percent of tokens are allocated to stalking rewards, with 10% each going to DEX liquidity and burning. XRP20 is a deflationary asset, with 0.1% of every transaction sent to a burn address, effectively removing that amount from circulation and bolstering the price of the remaining tokens.The XRP20 team left nothing to chance regarding security, with a blockchain security firm 0xguard conducting an audit of XRP20’s smart contracts. The audit has now been published on the website for the public to read, with no high or medium-level severity issues found. 71% of the liquidity provision of $468k is locked for one month, indicating the team’s commitment to the project.Enthusiasm for ‘version 2’ coins has not diminished, with 2,670 holders of the token. The token has achieved a 99/99 score on the influential DEXTools trading and data site, with the community trust gauge moving up to 97.2%. Secure a 44% yield with XRP20, with passive income opportunities for four years.
| Information |
Details |
| Geography |
Europe |
| Countries |
|
| Sentiment |
positive |
| Relevance Score |
10 |
| People |
None |
| Companies |
Ripple, XRP, Uniswap, SEC, Coinbase, Robinhood, DEXTools, 0xguard |
| Currencies |
XRP, Ethereum, Bitcoin, WETH, XRP20 |
| Securities |
None |
