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The demand in the presale provides a first insight into whether a new cryptocurrency is generally popular. In just a few days, XRP20 has now raised over $1.5 million. The targeted soft cap of $1.85 million should therefore be reached in the near future. An XRP20 token costs $0.000092 in pre-sale. There are no price increases, so every investor can invest fairly in XRP20 at the same price, provided that the independent due diligence reveals a well-founded investment case.
What is XRP20?
XRP20 was created in solidarity with the latest trend in the crypto market, which is to give a second chance to people who have missed out on successful legacy tokens. XRP surged from $0.0028 in 2014 to $3.84 in 2018, a 137,100% increase from its lowest to highest price. We hope to offer a similar opportunity today with XRP20.
This is how the XRP20 team describes the crypto project. XRP20 alludes to a current trend in which “2.0 cryptos” are in demand – for example PEPE2.0 or SHIB2.0. Now XRP20 wants to pick up on this momentum and, as an ERC-20 token, relies on a stake-to-earn concept. The team expressly states on the website that there is of course no connection to XRP and Ripple Labs. This is customary in this respect, because the other “2.0 cryptos” also simply benefit from associations with the naming.
Furthermore, XRP20 would like to go one step further and also offer the chance of passive income with the staking concept. The launch on the Ethereum blockchain was deliberate to give investors access to the largest and most reputable ecosystem that makes trading and custody of ERC20 tokens easier.
The fundamentals: 40% presale, 40% staking rewards
Especially with new crypto presales, a look at the tokenomics is also necessary, as this decides on the distribution of the XRP20 tokens. 40% of the tokens will initially be offered in presale, while an equal amount will be reserved for staking. The other 20% is divided equally to ensure sufficient DEX liquidity for smooth trading on the one hand and to achieve a deflationary effect with token burning on the other. The supply crunch arises as each transaction is subject to a 0.1% burning fee to continually reduce the circulating supply.
The fundamentals look positive. Because there is no unfair allocation of tokens to the team, while at the same time a significant dilution is prevented. Thanks to liquidity, price inefficiencies should decrease after the start of public trading.
XRP20: Awareness & demand are increasing
XRP20 is approaching the softcap in pre-sale. As a hard cap, the team priced $3.68 million. Current dynamics suggest that the upcoming week’s presale could sell out.
For new cryptocurrencies, increasing awareness is a necessary condition to drive demand and generate sustainable development in the medium term. In this regard, it is noticeable that XRP20 is also present on social networks.
Whether XRP20 can benefit from the trend of “2.0 cryptos” in public trading remains to be seen. The fundamentals, the staking concept and the deflationary effect should play an important role in an investment.
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