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Ripple (XRP) Comes Up with New Project and a New Symbol for Token

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Ripple (XRP)

Ripple (XRP) has announced yet another new project called Xpring, that will serve as a developers’ financial support ground. Also, the crypto plans to invent its own symbol, which would help visualize the currency.

The new project: Xpring

Ripple (XRP) has become well-known for focusing its efforts on providing its users with better solutions regarding the money transfer, especially when that transfer goes across the border. Now, the team behind the token wishes to reward its developers’ contribution by granting them a financial supportive ground, which is what Xpring will achieve.

The crypto seems to be gaining more stability and providing a better service with each new partnership, product, or project. Xpring is no exception, and the team is very excited about its development.

The goal of Xpring is to help with the funding for every XRP-related project that might improve the token’s future. It is expected to work as a combination of incubator and accelerator and will be used for engaging some of the more serious concepts that the developers come up with.

Basically, Ripple wants to create a special place for new, promising ideas that would allow them to grow and develop further. The showrunner for the new project is a former director of Facebook’s developer network, Ethan Beard.

Beard has stated that he loves assisting with the development of new technologies for startups. He sees a lot of potential for solving major world problems via blockchain technology, especially through the use of XRP.

Many others agree with him, which is clearly demonstrated by Mitsubishi UFJ Financial Group’s and Mitsubishi Corporation’s decision to use Ripple’s technology for cross-border money transfers. They even announced that they plan to achieve a practical use for this technology within a few years.

Ripple’s community supports token’s new symbol

Thanks to various partnerships and projects that Ripple has started lately, it is easily one of the busiest cryptos around these days. These efforts allowed it to become pretty well known, and the new movement to create Ripple’s very own cryptocurrency symbol got a lot of support from this currency’s fans.

XRP’s community has spread out among the entire internet and has shown its support via blogs, tweets, and even forums. According to them, XRP is only one part of the Ripple as a whole, but it still works hard to solve major problems around the world. Because of that, they believe that the crypto deserves its own symbol, instead of presenting itself through the company’s main logomark and name.

The community wants XRP to develop its own brand, one that would be free of the corporation. Inspired by Bitcoin’s (BTC) ‘Ƀ’, the new symbol for Ripple (XRP) might just be ‘X’.

Ripple fully agrees with the issue, and it believes that the crypto should be visualized, now more than ever. The symbol should be something that can capture and display the coin’s speed, utility, and independence. ‘X’ might be the perfect symbol for this, and it can be interpreted in many ways. Partially, it would refer to the crypto’s efficiency when it comes to international payments. From the mathematical point of view, it would be a hint towards multiplying, which would suggest XRP’s tendency to create something bigger.

Apart from that, there are also up/down arrows that the letter is made of, which can indicate sending and receiving. This works great as a hint towards a value exchange. And finally, ‘X’ can also suggest a human form, which would mean an appreciation towards the token’s community and its support.

The symbol is simple, and yet powerful, and it is entirely free for adoption since no other business holds any sort of legal rights regarding ‘X’.

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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.

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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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