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[ANN] Allvor: cryptocurrency for e-commerce powered by the XRP Ledger

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Allvor Initial Distribution reaches 45 XRP millionaires

https://allvor.org/2018/05/28/allvor-initial-distribution-reaches-45-xrp-millionaires/

Summary shows that 45 XRP holders have received payments of 1,000,000 ALV.

Data from the Allvor Initial Distribution Program show that 45 XRP millionaires have received payments of 1,000,000 ALV, the maximum payment amount under the Program’s rules.

To receive 1,000,000 ALV, these users had more than 765,385 XRP in their Ripple accounts on March 27, 2018. As a quick comparison, currently, there are only 1,346 Ripple accounts with more than 1,000,000 XRP 1, including the accounts of dozens of exchanges and the institutional accounts from the Ripple Company.

This and other interesting data can be seen in the summary table of the Allvor Initial Distribution Program payments.

Most payments, however, are based in the range of up to 10,000 ALV. There were 4,063 payments, representing 78.9% of the Program payments. These are Ripple accounts that had up to 3,846 XRP on March 27, 2018. This aggregate is a bit smaller than the one of the total number of Ripple accounts in the similar range. Currently, 92.7% of Ripple accounts have less than 5,000 XRP 2.

In less than two months since the launch, 160.3 million ALV have already been distributed to 5,148 users. The average value of payments is slightly rising in recent weeks and has reached 31,155 ALV per user.

During this period, the transaction volume in the XRP Ledger has reached a total of 126.2 million ALV, with a daily average of 1,971 million ALV.

Source: (1) and (2) https://ledger.exposed/rich-stats By @WietseWind

 

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Posted (edited)

This is a good thing because those with a lot can help jump start a part of the crypto ecosystem.  For example, a few days ago someone posted here about spending xrp to pay for a haircut. They spent 20xrp or only  $11.40 at current market value - a value purchase using crypto.  Also, the register.com in the UK accepts crypto payments, you can purchase an e-book there for $5.80 which is a good value. These are just examples of how businesses are starting to accept cryptos and how they might be willing to give discounts to stimulate the crypto economy. This following information is not investment advice, just my opinion, and just one strategy.  One way to help jump start crypto in businesses is that some businesses realize the value of crypto and so will offer significant discounts if you pay in crypto.   So, you can pay in crypto and help support the new crypto economy and whatever you spend in crypto, you can then go the next day or whenever there is a dip periodically and repurchase the spent crypto using fiat. This way you're actually making money in the present moment by purchasing dscounted stuff using crypto, supporting cryptos, and still have as much crypto in the end as before you routinely spent it.

Edited by enrique11

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Posted (edited)

1. Is the allvor distribution still available for accounts prior to March 27?  

2. Even with disabling "Rippling" is there any risk in losing current XRP by adding a trust line with someone?

 

 

Edited by jdimstrnate

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16 hours ago, jdimstrnate said:

1. Is the allvor distribution still available for accounts prior to March 27?  

2. Even with disabling "Rippling" is there any risk in losing current XRP by adding a trust line with someone?

 

 

Hello jdimstrnate,

Initial Distribution is still active, try it here: https://allvor.org/get-alv/

And trust lines are safe, look at what JoelKatz said:

 

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17 hours ago, RippleSider said:

What is the plan?

Hello, the plan is to be listed in an exchange until the end of Q2. 

On 6/4/2018 at 1:58 PM, Theregoesprofit said:

Is everything going as planned with getting Allvor / alv added to exchanges? 

We have already completed the application of several exchanges. Some have requested additional information, which we have already answered. We are following closely and responding quickly everything that is requested. But we can not announce anything ahead of time. Any announcement will be made first by the exchange itself.
Thank you!

 

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Posted (edited)
1 hour ago, Allvor said:

Hello, the plan is to be listed in an exchange until the end of Q2. 

We have already completed the application of several exchanges. Some have requested additional information, which we have already answered. We are following closely and responding quickly everything that is requested. But we can not announce anything ahead of time. Any announcement will be made first by the exchange itself.
Thank you!

 

Thank you for your response and for the update. It sounds good, we just need to have some patience now! 

Edited by Theregoesprofit

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2 hours ago, RippleSider said:

Any news? Been quite a while now.

Hello,

We have already completed the applications of some exchanges and of the Coinmarketcap. Coinmarketcap said we need to have more volume, to wait a little.

Some exchanges have requested additional information, which we have already sent.

At the end of Q2 we will disclose a balance of each planned activity.

Thank you!

 

From reddit. So hopefully good news before end of q2(end of june). Or otherwise a more elaborate status update. 

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Posted (edited)
19 hours ago, Theregoesprofit said:

Hello,

We have already completed the applications of some exchanges and of the Coinmarketcap. Coinmarketcap said we need to have more volume, to wait a little.

Some exchanges have requested additional information, which we have already sent.

At the end of Q2 we will disclose a balance of each planned activity.

Thank you!

 

From reddit. So hopefully good news before end of q2(end of june). Or otherwise a more elaborate status update. 

Which exchanges are planned to come online for ALV? And any fiat pairings?

Edited by vrippled

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I'm happy to see the Allvor project going live on an exchange. 

Does anyone know if allvor's price value paired with xrp? 

 

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