How to Buy XRP20 - A Beginner's Guide
XRP20 ($XRP20) is a new proof of stake (PoS) Ethereum token designed to reflect the philosophy and tokenomics of Ripple (XRP) but with a focus on retail investors.
The project combines some interesting concepts and takes its cue from Ripple, but it should be borne in mind that it is a completely unique project that has no affiliation with the large cap coin.
This guide will outline details about the initiative as well as how to take part in the presale.
XRP20 is an ERC20 variation on XRP, Ripple’s token. The aim of XRP20 is to take some themes from Ripple, chiefly the tokenomics, and combine it with additional features such as a deflationary token and staking rewards (more on this down below).
One major selling point of XRP20 is that it is available at an extremely low price point, especially in comparison to XRP. The token retails for $0.00009200. This is 30X lower than XRP’s all time low of $0.0028. And it’s thousands of times cheaper in comparison to the current XRP price of $0.70.
XRP20 hopes to capitalize on the current news surrounding Ripple, through association. Ripple recently won a court case against the Securities and Exchange Commission (SEC). This case has been ongoing for years, and the price of XRP rose by 70% following the result. Large exchanges like Coinbase and Kraken are set to relist the token following the case.
The project draws inspiration from Ripple but makes it more accessible to retail investors. It seeks to create its own “XRP20 army”, much like the armies associated with meme coins such as Doge and Shiba Inu. it further offers staking rewards which might serve to garner increased interest in the project.
One differentiator between XRP and XRP20 is that the latter offers staking rewards
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