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!
XRP Wallet: XUMM (App on your smartphone) or Ledger hardware wallet (on PC use with Sologenic DEX to buy/sell tokens and XRP tools to manage trustlines and also for trading)
Xumm DEX: https://xumm.app/detect/xapp:xumm.dex
Answers: 1b, 2d, 3c, 4a, 5c (a…1st answer, b…2nd answer, c…3rd answer, d…4th answer)
XRP Ledger explorer: https://xrpscan.com/
On the mobile you can use the XUMM app for everything (buying/selling/holding), while on the desktop you will need an XRP wallet such as a Ledger Nano S for example and then use the Sologenic exchange for trading and XRP tools for managing your wallet (adding trustlines for example).
Adding a token
To add a new token to your wallet, you will need to set up a trustline, which is like adding a coin in MetaMask, but it locks up 2 XRP and requires a transaction on the main net.
In XUMM app all you need to do is click on the corresponding link and confirm the transaction. For a full list of tokens please see: https://xumm.community/tokens
On PC, use XRP tools to setup a trustline (click on token name here for techincal details required), instructions are available here: https://youtu.be/PRXDQVGykFk?t=323
Check your trustline status (during airdrops): https://trustlines.xrplstatus.com/
Check your place in trustline order: https://daybreaktech.github.io/#/lookup
XRP Airdrops list: https://gadget78.uk/
Vote for listing on Bitrue: https://www.bitrue.com/act/votelisting
How to buy (VIDEO): https://youtu.be/p6OpiQseqL4
Total supply: 100,000,000,000
Market cap: 100 million at 0.001 price, currently at 0.001167 so 116.7 million ([email protected]:40)
Currency (HEX-Code): 5852646F67650000000000000000000000000000
How to trade XRDoge via XRPTOOLS
- Install Xumm wallet
- Deposit XRP in your Xumm wallet (add 10XRP for the activation, 2XRP for trustline)
- Setup the trustline by clicking on the link above or do it manually by going to https://xumm.community/
- Connecting your Xumm wallet
- Then set up a “Trust Set” and add this address : rLqUC2eCPohYvJCEBJ77eCCqVL2uEiczjA (You don’t need a memo for confirmation)
- Go to https://www.xrptoolkit.com/trade & connect your Xumm wallet, then search for XRdoge (it will only show if you’ve setup a trustline, otherwise it needs to be added manually – see info above)
- Buy/sell XRDoge
Sologenic (XFloki/XRP !!no order book, use to track the price!!): https://sologenic.org/trade?market=58464C4F4B490000000000000000000000000000%2BrUtXeAXonpFpgKubAa7LxcLd7NFep92T1t%2FXRP&network=mainnet
Sologenic (XRP/XFloki !!Sell XRP to buy XFloki!!): https://sologenic.org/trade?market=XRP%2F58464C4F4B490000000000000000000000000000%2BrUtXeAXonpFpgKubAa7LxcLd7NFep92T1t&network=mainnet
Check your trustline (Issuer’s address: rLpL5d9qubKjht8GnkxgnVTQPq9MKNc757): https://daybreaktech.github.io/#/lookup
XSAMO – airdrop in progress on 06-11-2021, careful trading until it is complete, XWSB received 5 million Xsamo tokens, then other will receive tokens as per Twitter post below.
Check your trustline (Issuer’s address: rMVufScdiavFvGzVBZryTTRu2DxRuEqos5): https://daybreaktech.github.io/#/lookup
XRShib – Airdrop in progres as of 07-11-2021
Twitter (TL post): https://twitter.com/XRshib/status/1457001652402024450?s=20
Other related links: https://linktr.ee/XRshib
Sigma Finance – Airdrop in progress as of 09-11-2021 at 02:44 CET
- Snapshot and subsequently the #airdrop is scheduled to take place on 08-11-2021 at 8:44pm EST (02:44 CET, 09-11-2021), after the exclusion of accounts under 200 #XRP.
- Then, we will run accounts and those with over 200 XRP will be sent 8 XSF and accounts over 800 XRP will be sent 88 XSF.
- Trustlines will be sent their airdrop in order from earliest to latest, until all tokens have been dispersed. The account reserve counts towards your total XRP balance being considered for the airdrop.
- We have allocated 70% of the supply of XSF to be airdropped/given away with 33% of total supply (285,413.04 tokens) going towards the airdrop (3,243-35,676 TLs based on 8 and 88 ADs), after that is finished 11% of total supply will remain to be given away via community events through Twitter and Discord!
Token Hex Code: 5369676D6146696E616E63650000000000000000
Total supply: 864,888
70% Distribution: 605,421.6
20% Team/Development: 172,977.6
10% Exchange Liquidity: 86,488.8
70% of the total supply will be distributed via airdrops, giveaways or rewards on our social media platforms to early adopters. 26% out of the 70% supply for distribution has already been given away to early members of our community. 20% shall be retained by Sigma Syndicate for further development of the project. The remaining 10% will be used for exchange liquidity.
Distribution so far 08-11-2021:
- 26% was given away already
- 33% is going to be airdropped
- this equals 59%
- so 70% – 59% = 11% for giveaways
Token Hex Code: 584D6F6F6E000000000000000000000000000000