XRP20 Coin Price Could Pump 10x in DEX Listing on Tuesday August 22, Presale Buyers Stake 20 Billion Tokens
Monday, August 21, 2023 – XRP20 coin price is expected to pump when it lists tomorrow, Tuesday August 22, on Uniswap, after the majority of tokens sold at presale were staked by token holders.
According to the XRP20 staking dashboard, more than 20 billion tokens have been staked and are currently earning holders an annual percentage yield of 49%.
The news of the monster staking takeup by the community comes as token holders gear up to start trading XRP20 when it lists on the Uniswap decentralized exchange (DEX) at 9am UTC tomorrow.
Presale buyers can claim their tokens at the same time as the XRP20 token listing on Uniswap.
To claim purchased XRP20 tokens, buyers simply connect their wallet to the XRP20 website with the wallet they used to buy their tokens with initially.
XRP20 raised $3.7 million from investors for its mission to inject new life and higher returns into the crypto community that has emerged around the existing XRP coin.
The XRP20 token is part of a new wave of tokens that play on the ‘version 2’ theme, but with the twist that they have staking built in as a feature instead of a possible add-on from accessing a third-party DeFi protocol.
Coins such as BTC20 have been making a name for themselves. BTC20 pumped 6x at launch and, despite the current skittishness in crypto markets, is trading comfortably above its list price.
XRP20’s staking utility provides price support to stake-to-earn coins listing on DEXs by removing a substantial amount of possible selling pressure from buyers looking to flip the coins for a quick profit.
With XRP20, long-term holders are incentivized because of the opportunity to earn rewards from staking tokens.
Although there is no affiliation of XRP20 with Ripple or XRP, the former does
Read more on cryptonews.com
