XRPL Tokens available on Xumm Wallet.
By MEGAMAN.XRPL
The XRPL ecosystem is rapidly expanding everyday with new projects and updates. Many of which are flying under the radar of the XRP Community. Why is this happening and more importantly how?
XRP to many is still considered to be a risky asset to be invested in solely due to the ongoing U.S. Ripple vs SEC case. The SEC is accusing Ripple of using XRP as an unregistered security offering.
This accusation to many is unfounded and ludicrous as XRP existed before ripple the company. Many of these projects could exist without Ripple.
XRP and the XRPL has many use cases outside of international banking settlements. The XRPL can be used to create Trustlines, and to exchange Tokens or IOUs. These assets can exist soley on the ledger or as a representation of a real world object. Gold can be bought on the XRPL DEX in a tokenized form called XAU and exchange for real gold after completing KYC. This isnt something new, this has existed now for some time.
There are a few assets on the XRPL that have sparked my interest.
CasinoCoin(CSC) - A Cryptocurrency designed to be used as an intermediary of exchange between Online Casinos and Casinos IRL .
(XAPP coming soon)
In Game Credit(IGC) - The primary token of iHunt4. The AR crypto treasure hunt game, AR ecosystem, e-commerce, and multi-crypto platform.
(XAPP coming soon)
Chorus (CX1)- ChorusX is a platform that will help entertainers and affiliates succeed by providing services and resources without hourly costs as well as a marketplace and GPS map to connect people and find resources. (XAPP coming soon)
SEC - A token created to protest the SEC vs RIPPLE case. Meme Token.
Hada - Incentive tokens for learning to use the XRPL. 0.5% tx fee to issuing wallet.
Hadalite - Exchange token of the Hada ecosysyem.
XTK -Towo Labs token rewarded for setting up a XTK trustline. Will have more uses in the future, confirmed by Markus CEO of TowoLabs.
Gigcoin(GIG) - A social currency for musicians and fans.
Jungle Inc XRP(JNG)- Influencer token. Created to try out XRPL token creator. Meme Token. 5M supply.
(Not to be confused with JungleCoin)
These are just few of the over three thousand trustlines on the XRPL.
Many of these projects are in the very beggining stages of building liquidity. It is a great opportunity to load up on tokens for a small amount of XRP. We dont know what the future has to Hold. Buying these tokens could be a great investmemt in the long run and carries few risks besides losing a few XRP in the worst case scenario.
All trustline tokens or IOUs can be purchased on XRPToolKit or Sologenic. Both of these platforms utilize the XRPL DEX. Some tokens can be exchanged using the Exchange button on the Xumm Wallet.
I hope you enjoyed my short XRPL token blog!
(NOT FINANCIAL ADVICE)
