Turns out that the XRP ledger has the ability to host tokens, just like Ethereum and Bitcoin before that (until it was removed to save space on bitcoin’s increasingly congested blockchain).
You can probably guess where this is going. A few days ago, someone decided to issue a token on XRP called XRdoge and it’s done a 20,000% (200x) pump since then.
Not too shabby thought everyone who witnessed it and there has now been an explosion of tokens inside this newly discovered ecosystem.
Because many of us are still very new to the XRP ledger, here is what you need to know to join in on the action.
XRP Decentralised exchange: Sologenic (you can use it with the Ledger hardware wallet on PC or XUMM app on your phone) in junction with XRP TOOLS webiste for managing your Ledger XRP wallet.
BTW, Sologenic are doing an airdrop of their SOLO token to SOLO and XRP holders with the snapshot being taken on 24th December 2021 at 8:00 PM UTC/9:00PM CET!Continue reading “XRP Token Mania of late 2021”