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Is Ripple (XRP) Welcoming Allvor to the XRP Ledger?

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Allvor

Ripple (XRP), the third-best currency in the world according to the global coin report, has been offered integration from Allvor Project. Allvor decided to go for Ripple as their choice of powering-up their currency given the fact that XRP Ledger is said to be the best performing and the most functional database technology to be made by far.

Allvor is generally focused on e-commerce so it is no wonder that the Allvor team concluded that XRP Ledger would make a top choice as Ripple is focused on delivering fastest transactions via its blockchain network. As the team behind Allvor project is promoting this currency as the first XRP-powered currency available on the market, we are extremely interested in finding out more about Allvor and Ripple’s partake in this matter.

Ripple and Allvor                         

It seems that Allvor is offering integration to the team behind Ripple, considering that this kind of integrating is necessary in the world of digital assets if the parties involved want to see further progress being made in the field of blockchain-based technology and operations.

Regarding the matter of having Allvor integrated to the XRP Ledger and powered up by Ripple’s technology, the representatives from Allvor team stated that Ripple had no initiatives in this matter as well as that the mentioned integration wasn’t brought up by Ripple. The team behind Allvor Project further stated that the project they are planning on presenting is in any way sponsored or initiated by Ripple or anyone from the Ripple’s dev team or the team of representatives.

Allvor is already branding their currency as the first currency ever to be powered up by XRP Ledger, which is in their opinion (but not only including their personal opinion) the best-distributed database ever to exist on the market.

Since Allvor will be mainly focused on e-commerce and everything related to this branch of trading, getting accepted on XRP Ledger would probably sky-rocket their current and help them achieve any possible goals they have listed in their roadmap.

Given the fact that Ripple makes up for maybe the fastest platforms when it comes to processing transactions, getting powered up by XRP Ledger would definitely aid Allvor in any ventures it might have installed.

For now, the team has stated that their optimal and primary goal would be to encourage the integration of different blockchain-based platforms, so that many different decentralized ecosystems would be interconnected with the ability to exchange data, trade assets and values, and much more.

Their initial objective within this goal is to make ALV usable and widely used for these integrated networks that they are planning on bringing together. The first step towards this case scenario would be getting accepted on XRP Ledger.

Moreover, the Allvor team added that they will also use ALV to encourage designing tools that would serve the purpose of enabling communication between the interconnected networks. They added further that this case scenario would be possible through Ripple’s XRP Ledger as this ledger possesses all the technology needed to make intercommunication more than potentially possible.

Allvor, Ripple and the Internet of Value

To make a long story short while staying updated on what the Internet of Value stands for, we can simply say that the Internet of Value represents a digital ecosystem that enables users to exchange and trade values as fast and as simple (and as cheap!) they would send an email.

The Internet of Values is another one of Ripple’s projects that Allvor believes it would make a great choice for its e-commerce ventures as well. So, that means that the Allvor team is planning on taking advantage of the IoV technology as well, so they could enable their users to exchange goods and trade with value in real-time just like it is possible to make safe, fast and cheap transactions through XRP Ledger.

Further on the matter of having ALV hosted on XRP Ledger, the Allvor Project team stated that they are not planning on having an Initial Coin Offering. This is an odd case because the majority of coins and tokens being launched and created always organize a crowdfunding sale so they would be able to launch their currency as an ICO and put a price on it.

In oppose to the traditional need for ICO whenever a coin or a token is launched, the team behind Allvor stated that they will not be collecting funds for launching their ICO. Instead, they are going to have ALV tokens being directly distributed to Ripple users and holders. This can be easily achieved by using the Initial Distribution feature.

The team behind Allvor has already taken the first step towards their objective regarding blockchain-based integration, so their tokens, ALV, have been distributed to XRP holders on March 27th of 2018, which was approximately a week ago from the time of this writing.

Whoever owned XRP at this moment and on this date, they were entitled to getting ALV tokens distributed through XRP Ledger.

Ripple Users Getting ALV Tokens

On March 27th, all users that were eligible to apply for the program of getting first ALV tokens distributed through XRP Ledger. In this case, ALV tokens were being handed out in accordance with the amount of XRP the applicants had.

However, the number of available ALV tokens is one million ALV, which means that the program would only be able to distribute this amount of tokens at the current moment, not a token more, which means that the amount is strictly limited.

How is Ripple doing at the Current Moment?

Although the curiosity kicked in with giving birth to a need of finding out more information about ALV tokens and the Allvor project, we are interested in finding out how Ripple is doing at the current moment.

After the latest change in the market, XRP has fallen down by -2.54% against the dollar. That means that XRP is now trading in the red while it also fell down against BTC by -1.60% during the 24 hour period.

At this moment, you can purchase one unit of the third-best currency for 0.49$.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Andre Mercier via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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