As the digitized world continuously shifts, so does the world of blockchain. Take for instance, the case of XRP20, touted as one of the few ‘version 2’ coins that have had their smart contract audited. Their presale seems to be an astronomical success, raising an impressive $2.74 million, being only a few hundred thousand short of achieving its final target of $3.68 million.
News about XRP20 buyers staking 22.7% of presale-allocated supply spread like wild fire, generating a profound sense of anticipation among crypto enthusiasts. What’s striking about XRP20’s case is its Alluring Annual percentage yield (APY) of 109% which seems to be a key factor luring potential buyers. Nevertheless, skeptics may argue that the true worth of such opportunities can only be fully evaluated once the presale ends.
XRP20’s auditing by 0xGuard reassures potential buyers, however, a shadow of doubt remains due to a minor issue related to gas fees. Although this issue does not influence the contract’s functioning, it nevertheless necessitates prudence in approach. It appears that the presale will conclude in earnest, hinting at a major shift in the coin’s lifecycle. Coupling this shift with the fervor it has generated, XRP20’s speed of fundraising is expected to outpace anything we’ve seen in the past.
Crucially, the launch of XRP20 differs significantly from the launch of its predecessor, XRP. Unlike XRP, XRP20 is offered directly to the public sans any team allocation. It’s decentralised approach distinctly contradicts Ripple’s control over the release of XRP tokens from an escrow. This has infused optimism among those who see vision in a coin catered for the community and not financial institutions, appealing to both short and ambitious long-term intentions.
Considering XRP’s massive growth of 21,792% since its inception to current times, could XRP20 emulate and even surpass this steep curve? With XRP20 set at a selling price that is 30x less than XRP’s all-time low, it most certainly raises brows, and anticipations.
Further bolstering its credibility is the coverage by leading crypto sites that reject Fear, Uncertainty, and Doubt (FUD) related to the coin. This coin has not merely attracted attention, it has stirred debates on different platforms. Ultimately, if one is willing, or rather daring enough, the coin can be purchased and staked right away on their website.
To conclude, whether XRP20 will successfully debut on Uniswap or not remains to be seen. But considering the existing euphoria around XRP, it does seem likely that XRP20 will continue to make waves across the crypto space with its high-yield staking, burn mechanism, community-centric approach, and responsive marketing maneuvers. Nonetheless, given the volatility of crypto, investors are urged to tread with caution.
Disclaimer: While the potential for gain is massive, investing in crypto assets can be a risky venture. Always research thoroughly, and seek professional advice if necessary.
Source: Cryptonews
