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  1. Hello XRP Community, I have been a long-time viewer of these boards and XRP holder. I've been interested in crypto for some time and first came by XRP when transferring ETH and BTC to and from exchanges. It was far cheaper and quicker to convert to XRP before sending and converting back. At which point I realized how much of a game changer XRP and other coins are/will be and stopped converting back to other currencies. Until recently, without significant coding skills, there was not much ability to participate in XRPL except for holding and trading XRP. I think this has now changed with the launch of XUMM, XRPTOOLKIT, SOLOGENIC and XUMM.COMMUNITY and other Dapps. They provide gateways/clients for the laymen to access and interact with XRPL all be it some of the apps may not be completely polished. I decided to try it out in the XUMM app where I found a “create token” app. I created two tokens, HADA and HADALITE, using the XUMM app and XUMM.COMMUNITY tool. I have also managed to get the HADA/HADALITE tradable pair on the DEX via XRPTOOLKIT and SOLOGENIC. I am not a financial expert, coder or technical guru just someone interested in trying out new technology. The decentralised exchange (DEX) capacity of the XRPL and NFTs are fascinating as too is Defi. I guess these tokens would be termed NFT's although they have no tangible value. I'll explain WHY I did this, WHAT the differences between the TOKENS are and HOW you can get some. WHY? I wanted to know how I could use XRP and XRPL for its intended purpose as an individual and felt the best method to support the XRP ecosystem would be to learn to use it. Wallet creation, tokenisation, creating trust lines and exchanges all use the ledger and expend or lock-up XRP. Flare Finance is an exciting development and sort of set me of on this path through creating trust lines for the pending airdrop. I have no intended use case for these tokens, there is no white paper, there is no team this is just a bit of fun and a way to learn through experience how to use the XRPL and various Dapps. I see this as an educational exercise in anticipation of Flare Finance and XRPL NFTs as well as allowing the community to interact in a positive way, not just charts, moons and lambos. Maybe there is a way to gamify onboarding and uptake of functionality. I’ll try to provide instruction for how to claim HADA tokens using the XUMM app and XRPTOOLKIT below. However, this is new to me too. Improvements and constructive suggestions are welcome. I will also investigate other wallet options, exchanges and apps in the future or as requested. If anyone has a list of available XRPL Dapps that would be helpful. WHAT? I created two tokens through the XUMM app using the token creator tool and followed the instructions. It was simple and took about 3 hours. It has taken longer to write this then create the tokens. I have no idea if it was done correctly and there are some risks associated with token creation. The first token, HADA COIN, had an initial issuance of 10B tokens with the capacity to issue an infinite amount when desired. Another 50M was issued to investigate how to issue more coins. I set a 0.5% HADA transaction fee which is returned to the issuance wallet and charged to the sender. The transaction fee rate can be changed as desired. Rippling is enabled on the issuance wallet. WARNING - there is a transaction fee of 12 drops when sending or receiving either token, placing buy or sell orders and creating trust lines. The public address for the HADA issuance wallet is: https://bithomp.com/explorer/rsR5JSisuXsbipP6sGdKdz5agjxn8BhHUC The issued tokens are required to be sent to another wallet or “receiver wallet”. They can not be sent to the same wallet as the issuing wallet. The second token, HADALITE, has a finite amount of 10B tokens. No more of these tokens can be issued. These were issued via a NEW paper wallet created using the XUMM app and the keys burnt. There is no transaction fee for HADALITE, other than the usual drops, and rippling is enabled on this wallet. WARNING - when issuing a finite number of tokens you will permanently destroy the regular key and secret key and block incoming and outgoing transactions for that account. You will not be able to access any tokens including the XRP used to create the wallet or any other balance it contained. ALSO, issuing accounts must have rippling enabled. Receiving accounts are recommended to have rippling disabled. The issued HADALITE token was sent to the same receiver wallet as before whilst destroying the keys of the issuance wallet. The public address for the HADALITE issuance wallet is: https://bithomp.com/explorer/rHiPGSMBbzDGpoTPmk2dXaTk12ZV1pLVCZ If you look on bithomp you can see the above account issued the HADALITE and has a total of 25 XRP locked in it FOREVER (Be Careful). This account is set to NOT receive XRP and has rippling enabled. You can however send HADALITE to the issuance account where it is burnt. I sent 1 HADALITE to try it out. You can not SEND any other token to this account including HADA COIN as there are no further trust lines set. DO NOT send ripple to this account, it will be lost. The HADALITE issuance account has rippling enabled. Both tokens were sent to the CuentosDeHada receiving wallet with the public address: https://bithomp.com/explorer/rwKgwydb7NRHNS8gVpG6QEP2tYqPhroYrK I have left some residual XRP and SOLO in this account to pay for transactions and to experiment with escrow and trust lines. Rippling is disabled on this account. DISTRIBUTION I would like to distribute as many of the tokens as I can to anyone that wants them for testing the various suite of apps which act as gateways for the XRPL. As this is for fun I thought I’d try to gamify the learning experience with rewards of HADA and HADALITE for completing tasks associated with onboarding, trust line creation, escrow, encrypted messaging, burning and trading. Initially, I’ll distribute 10M HADA and 10M HADALITE to those who create trust lines to the respective issuers (instructions below). A bonus of 50M of each token will be given to the first 10 wallets to create trust lines. 1B HADALITE will be retained by the receiving account and is to be used to experiment with escrow, incentives, trading, and other features. If possible, all HADA COIN will be distributed and more HADA will be issued as and when required. 50M HADA and 10M HADALITE have been sent to the HADA issuing account for posterity. I gave the same to two friends who created their first wallets and helped in some capacity testing trust line creation. I’ll distribute another 40M HADA to anyone who creates a fresh wallet. There is an escrow of 1000 XRP between the HADA issuance account and the HADA receiving wallet which is set to expire on Aug 31st 2021 at 00:000 UTC. If there is any traction with this project the XRP can remain in the account to cover any costs or create incentives. A decision on any excess tokens will be made in the future, hopefully, by a community or driven by a use case or simply burnt. HADA COIN can not be burnt at present. A wallet can be created for this purpose in the future if needed. Or maybe sending to a general XRP black hole wallet would work, I don’t know. HOW TO GET HADA? There will be some effort on your part if you wish to participate. If you don’t already have one you will need the XUMM app on your phone which will cost 20 XRP to activate and you will require a pen and paper to write down the secret keys (lowering the wallet creation fee would be good news). You can also integrate XUMM with existing XRPL wallet addresses. A further 5 XRP will be required to create each trust line (10 XRP in total) and a small amount for transaction costs. In total you will need 35 XRP to participate at a basic level. 30 of which you will get back if you decide not to continue. Creating a buy or sell order on the DEX temporarily locks up 5 XRP for the period of the trade and placing the trade requires a few drops. So if you wish to trade you will need some extra XRP in reserve to place orders. The XUMM wallet can be downloaded from Google Play or the App Store https://xumm.app/. You will need to create trust lines with the HADA and HADALITE issuance wallets which will temporarily lock up 5 XRP whilst the trust line is active There is a transaction cost of a few drops to create or destroy the trust line or sign any other transaction (i.e. set trade buy or sell order) on the XRPL. I don’t know the implications of destroying a trust line with respect to sending/receiving the token. At present, I see no way to add custom trust lines in XUMM so you will have to do this via XRPTOOLKIT or SOLOGENIC. Both apps are similar but have different UIs. I’ll explain here for XRPTOOLKIT. XRPTOOLKIT - Creating trust lines https://www.xrptoolkit.com/ Set up a trust line as follows:- · Open XRPTOOLKIT on a web browser · Connect your XUMM wallet to XRPTOOLKIT (Follow the instructions) · Select account/assets or the add asset tab · Select the Custom Edit tab (You will see an input for the issuer, currency, and limit) · Input the issuer address from the table below for the desired token · Input the currency ID for the desired token · The issuer address and Currency ID must be for the same token · Set the limit to how many tokens maximum to receive (leave as default, 100M, this can be changed later) Token - HADA Issuer Address - rsR5JSisuXsbipP6sGdKdz5agjxn8BhHUC Currency ID - 4841444100000000000000000000000000000000 Token - HADALITE Issuer Address - rHiPGSMBbzDGpoTPmk2dXaTk12ZV1pLVCZ Currency ID - 484144414C495445000000000000000000000000 · Open the Show More tab and check the flag is “SET NO RIPPLE” · If the issuer address and currency ID are correct the NEXT button will be highlighted · If the NEXT button does not highlight there is an error with your address and/or ID · You will then be requested to sign for the transaction on the XUMM app (5 XRP will be locked up and you will be charged 12 drops to open the trust line). · I will monitor newly created trust lines, verify the address and send the required tokens to your account. If you have any issues claiming your HADA or HADALITE please DM through this forum or contact hada@protonmail.com. This is an educational project, and you may not receive the tokens immediately, be patient, I’ll be sending them manually when I can. SOLOGENIC https://sologenic.org/ To trade HADA and HADALITE on the DEX you will require a gateway. The best I have found so far is SOLOGENIC which allows for the trade of “Custom asset 1” to “Custom asset 2”. You should also be able to trade via the XRPTOOLKIT. To trade HADA for HADALITE on the DEX with SOLOGENIC follow these instructions:- · Connect the XUMM wallet to Sologenic (follow the instructions) · Once connected, select ACCESS DEX · Select the MARKET tab on the left-hand side and a CUSTOM pair tab should appear · Select the issuer currency dropdown box and select “Other” · Enter the issuers address from the table above for the desired HADA or HADALITE token and click SEARCH · The currency should then be discoverable in the currency drop down box below the search box · Select the currency · Click confirm · Repeat the steps above for the counter currency using the alternate currency address from the table above · Click confirm · Click confirm again · This should redirect to a trading platform for the HADA/HADALITE pairs · I have started to create an order book · Check the Star in the top left corner to add the pair to your favorites for faster access · Try buying and selling HADA/HADALITE, creating orders and getting used to the signature process on XUMM This is an exercise and a way to learn and understand the DEX without risking our precious Zerps. However, a few drops will be spent when placing any buy or sell orders between the HADA and HADALITE pair and a reserve of 5 XRP is required to place any trade. WARNING – The DEX can be confusing, especially when reversing pairs. Be careful as you may inadvertently buy when you meant to sell or vice versa. This is not trading advice just a way to understand the DEX. WHATS NEXT? I have locked 1000 XRP in an escrow for release on 31st August 2021. If there is any traction with this project (i.e. 50 % of HADA coins have been distributed) the XRP can remain in the account to pay for any incentives, costs or put back into escrow. At present the use case will be rewards for completing tasks (i.e. sending secret message via XRPL, creating trust line via Gatehub or other software). Automate certain processes such as issuance and distribution. I have reserved a twitter handle @hadacoin. Just in case. If others would like to learn how to create their own token or already have one let me know I would be happy to exchange / create trust lines etc…. or give advice. It could be interesting to develop the HADA ecosystem using only services and goods purchased using XRP (i.e. purchase a web domain name using XRP, pay for services using XRP). It would be nice to create a Logo, Icon, or website paid for using XRP. Develop a governance / voting method. Assign tangible assets (virtual and real-world) to a token (new or existing) and further experiment with NFTs and token issuance. DISCLAIMER This is not an investment contract nor a common enterprise and there is no expectation of profits derived from the efforts of others or myself. The value of HADACOIN or HADALITE is zero and is not expected to increase above zero. There is no intrinsic value in these tokens, and you could lose money by participating. Despite that, if you live in the USA the decision to participate is at your own risk. This is a personal project. I have no connection to any of the above application developers or Ripple. However, I think they are doing a spectacular job. USEFUL LINKS https://xrpl.org/ https://blog.ripplex.io/building-a-more-sustainable-scalable-and-accessible-future-for-nfts-with-xrpl/ https://xumm.community/ If anyone would like to assist further in this project in any way please contact HADA at hadacoin@protonmail.com. If you have read this far, thank you and if you want more I’ll give you another 10M HADALITE and HADACOIN. Send an email or DM with the code HADACOINx2 and your public address in the text and I’ll send you another 10M tokens of each. Thanks HADA
  2. Please take this with a small pinch of salt. It's work in progress so I haven't thought it all the way through 100%. I'd like to call upon some old pals who are smarter than me: @KarmaCoverage @tulo @kanaas @protechtor @cmbartley @baggy23 @yxxyun @Mercury @mars75 @Graine @Global @jn_r @brianwalden @Parabellum etc, to help me thrash this out and debunk/critique as necessary. –––––––––––––––––––––––––––– x-Assets Synthetic, XRP-collateralized, price-pegged digital assets. Collateral could be 1.5:1, 2:1, 3:1 as necessary. Based on the XRP Ledger Stablecoin Proposal by David Schwartz: xUSD xEUR xXAU xXAG xBTC xLTC xMXN xQQQ xAPPL xTSLA xWTI (etc) Assets inside exchange orderbooks are always "synthetic" or IOUs of some sort because on-ledger exchanges (even XRPL's DEX) cannot handle such immense trading volumes. The exchanges hold "real" assets in the back end (either bought "on demand" or most likely in advance bought at bulk or at their own risk), so when you want to cash out you convert the (for example) BTC "IOU" to BTC. Instead of exchanges holding multiple real assets, what if some exchanges only held a quantity of XRP (over-collateralized, say 200%) that's required to buy back those assets upon cashing out? -- @KarmaCoverage rightly mentioned (below) that ILP ledgers can do this; @tulo made a great thread back in 2017 re: ILP & multihop -- The problem is that there are any given number of assets with particular quirks e.g. bitcoin and its slow transaction time. Or some niche digital gold ledger somewhere. So exchanges still have to buy/hold the actual asset "somewhere" to make the withdrawal. But stablecoins prove that synthetics can work. Just look at USDT (aka Tether). What it allows is for better rebalancing and liquidity between exchanges. Users can port USDT to any supporting exchange and hold. Tether acts as a treasury or rebalancing mechanism. But it's still slow and requires trusting the Tether treasurers! Let's assume exchanges support an x-Asset standard instead: xUSD, xMXN to start. Instead of e.g. using ODL for remittance (where we know Ripple have had rebalancing issues) the usual way – deposit to USD exchange (slow), swap to XRP (fee), withdrawal of XRP to MXN exchange (slow, possible fee) and another conversion from XRP to MXN (fee) then withdraw to MXN bank (slow, fee?) – this time a market maker (and/or collateral provider/issuer of some sort) holds only XRP and uses the XRPL's pegged stablecoin feature to create a synthetic 200% backed xUSD / xMXN on the XRP ledger. These synthetics move in 3 sec just like XRP, because they are XRP! But remember, these also behave like "real" USD or MXN for holders thanks to price oracles (perhaps supplied by Flare, Tezos, Chainlink?) so that they always guarantee the same market value upon redemption. That price volatility risk is managed profitably by the issuers (and market makers?). Since the exchanges support x-Assets directly, the market makers (MMs) can quote for a remittance flow from e.g. USD->MXN and since we know the XRP value of both USD and MXN, we can also calculate this in XRP. So all the MM is doing is moving XRP from the xUSD to the xMXN (or vice versa). Or, XRP is just rebalancing instantly from one "pot" to another, so to speak. Going from xUSD to xMXN is really just an XRP tradeoff in a collateral pool. Side note: this might be what parts of Bob Way's patents were alluding to (or not). I believe (but I'm not 100% sure) this gets rid of at least one of the two fees that's been a problem for ODL on traditional exchanges where you have to go e.g. from Kraken (USA, fees) to Bitso (MXN, fees) and cannot also guarantee their withdrawals will be timely. So instead, we're just moving XRP direct and only incurr the XRPL fee plus whatever the MM quotes. Now notice in the bottom graphics that I've put examples of various synthetics trading with one another without XRP, which is a weird notion. E.g. xXAG (silver) & xQQQ (NASDAQ). But remember, these are all just XRP anyway. But I think it's possible. They are really just "pots" being refilled like water flowing from one to another on-demand. The water is XRP. Just for fun really. Also notice one can get a total calculation of volume (in XRP, of course) for the entire orderbook slot. So rebalancing is in theory very easy to calculate here to top-up one-way flows. Remittance/ODL? The main point though, is how a remittance flow would work through this system vs ODL. How the rebalancing gets done. Because now it's just a matter of moving XRP from pot to pot. However, at some point the x-Asset has to hit a real bank account. Unless of course... banks are part of the "pool" in some way. But my brain can't play out all the pieces and I start getting a headache and thinking... maybe this is all total crap?! We know under David's proposal that x-Asset issuers will get rewarded for taking over other positions and providing excess collateral to guarantee redemptions and so on. So the game theory works for this part and provides a sort of long-fabled liquidity incentive (Miguel?!) in the meantime (possibly related to Bob Way's automated, scalable and non-partisan mechanism for allocating XRP on the DEX). Questions/problems Anyway my questions to you guys, are: 1/ How and by whom does this rebalancing take place when new money comes into exchanges e.g. speculators/traders/retail? Who accounts for the extra flows? 2/ What happens at the point of withdrawal to a real bank account? Is that actually faster than just having regular exchanges, or the same? 3/ What if the Banks themselves simply hold and rebalance x-Assets (xPool?) until they need to withdraw in bulk? 4/ What if consumer-end apps and pseudo-banks e.g. Uphold, Gatehub, Coinbase, even Paypal/Revolut, started accepting an x-Asset type standard? 5/ Could x-Asset rebalancing between exchanges/pools be achieved in an automated fashion by an XRPL native AI/monitoring system? 6/ Is this a useful implementation for Offer Auto-Bridging? @nikb 7/ Is this really a legit thought experiment?! Am I wrong or completely bonkers?! PLEASE DON'T ROAST ME ALIVE!!! . . –––––––––––––––––––––––––––––––––––––––––––––––– . . REFERENCE MATERIAL (reading to do if this is all new):
  3. Blog URL: https://coil.com/p/Hodor/Xumm/GcD8MEL4B It's time to have Xumm fun! If you own XRP, you need to learn about XRPL Labs new signing platform, Xumm. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  4. Ever want to send a link to a friend that explains the basics of XRP compared to Bitcoin? In today's blog, I go over all the basics of XRP, including its features, capabilities, and include some of the major differences between it and other networks. While it's not an in-depth treatment of 'all-things XRP,' it serves as a convenient reference document if you're looking for a short explanation to share with somebody new. I hope you enjoy the read; leave any feedback below. Feel free to share my blog with a friend - or on any other platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  5. The creator of the XRP Tip Bot is about to take over European fiat-to-crypto conversion with his new low-cost transfer service. If you don't believe me, just read today's blog and learn for yourself! Hope you enjoy the read & please leave any feedback below. Please feel free to share my blog with a friend - or on any other platform or media - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  6. These days with all Ripple madness going on, I noticed no media explores what Ripple is. All they care about is XRP and that Ripple is a "centralized Bitcoin". Ripple is a Dex, a distributed exchange where anyone can run an exchange. Sort of out-of-the-box Poloniex. Sure there is no mining, but as these exchanges are interconnected the money comes from arbitraging and market making. And each transaction consumes XRP whose amount goes up as the network gets busier. And XRP used as fee is destroyed. The inevitable scarcity is what draws investors or if you may, speculators in. Btw, can you even place an order on Bitcoin network ?
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