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Coinfields XRPL Project

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"Tokenized assets are Stablecoins in nature and pegged to the real value of the non-blockchain based assets. They are redeemable via CoinField’s centralized platform or traded on CoinField’s XRPL Decentralized Exchange against XRP and SOLO"

"....CoinField plans to release a suite of open-source software development toolkits that makes it possible to seamlessly integrate the process of transferring tokenized assets and SOLO coins to and from XRP addresses."

With this being said from their whitepaper, it appears that XRP will be backing tokenized assets and SOLO coins. Someone would not be able to hold an asset in an XRP address if it is not XRP backed. 

If I misunderstood this, maybe someone with more in-depth knowledge could elaborate more. 

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2 hours ago, ObeyTheWafflehouse said:

"Tokenized assets are Stablecoins in nature and pegged to the real value of the non-blockchain based assets. They are redeemable via CoinField’s centralized platform or traded on CoinField’s XRPL Decentralized Exchange against XRP and SOLO"

"....CoinField plans to release a suite of open-source software development toolkits that makes it possible to seamlessly integrate the process of transferring tokenized assets and SOLO coins to and from XRP addresses."

With this being said from their whitepaper, it appears that XRP will be backing tokenized assets and SOLO coins. Someone would not be able to hold an asset in an XRP address if it is not XRP backed. 

If I misunderstood this, maybe someone with more in-depth knowledge could elaborate more. 

no, it's not XRP backed,  just can trade against XRP on XRPL DEX. 

For anyone didn't know how this worked can read https://xrpl.org/issued-currencies.html

 

Edited by yxxyun

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11 hours ago, Tinyaccount said:

I hope someone asks, and gets a complete answer, why they needed the new coin?  

Because if they didn't, they wouldn't be able to do an ICO and make lots of money.

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When comparing XRP and SOLO, XRP will be the key currency.

Because XRP market capitalization is high, there are many users who have already trusted in the world.

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Is this the first classic ICO/IEO on XRPL?

But there were 87 IEO project in this year,  62% of them the price is lower than the launch price. 3 project loss 99%, 41 project loss over 50%

 

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8 minutes ago, yxxyun said:

Is this the first classic ICO/IEO on XRPL?

But there were 87 IEO project in this year,  62% of them the price is lower than the launch price. 3 project loss 99%, 41 project loss over 50%

 

But this is a project that promotes the Internet of Value. More important than other ICO / IEO.

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28 minutes ago, hamasugu said:

But this is a project that promotes the Internet of Value. More important than other ICO / IEO.

What kind of crap is that? This is another scam ico promoting another coin just using the "xrp" name to get the xrp army in a frenzy of hopium

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3 minutes ago, Cooliozxrp said:

What kind of crap is that? This is another scam ico promoting another coin just using the "xrp" name to get the xrp army in a frenzy of hopium

CoinField has an exchange that already operates.

They have results and experience.It is not an empty ICO.

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Just now, hamasugu said:

CoinField has an exchange that already operates.

They have results and experience.It is not an empty ICO.

Experience in what? Creating imaginary coins and putting up a generic white paper? Plenty of "inexperienced" people did that during the ico boom

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4 minutes ago, Cooliozxrp said:

Experience in what? Creating imaginary coins and putting up a generic white paper? Plenty of "inexperienced" people did that during the ico boom

Save your breath m8.

Don't you know by now that people around here love to spend their hard earned money on imaginary hopium coins.

Ffs scroll back to the 2018 comments you'll laugh your fcking ass off what people in here belived would rise in price which projects would rocket into the atmosphere.

What crazy announcements would make it go up. The final dip. The final shakedown.

Ffs there are STILL ppl trying to make sense of charts with lines and diagrams I mean like seriously. And the funny thing is ppl actually believe them and they will believe another scammy company selling VIP premium first come first serve internet coin that will make them rich. Lmao.

 

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45 minutes ago, Cooliozxrp said:

What kind of crap is that? This is another scam ico promoting another coin just using the "xrp" name to get the xrp army in a frenzy of hopium

Wouldn't say its a scam but just another ICO like the hundreds that have already been done.

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32 minutes ago, Staigera said:

Save your breath m8.

Don't you know by now that people around here love to spend their hard earned money on imaginary hopium coins.

Ffs scroll back to the 2018 comments you'll laugh your fcking ass off what people in here belived would rise in price which projects would rocket into the atmosphere.

What crazy announcements would make it go up. The final dip. The final shakedown.

Ffs there are STILL ppl trying to make sense of charts with lines and diagrams I mean like seriously. And the funny thing is ppl actually believe them and they will believe another scammy company selling VIP premium first come first serve internet coin that will make them rich. Lmao.

 

Well yeah the place is just made up of moonboys who never worked a day in their lives and near retirement people wanting one last gamble to be rich!

Yes 2018 is full of comical posts especially nthe 589 thread hilarious! most of the posters have either deleted their accounts or gone to their private bubble club wanting to live in la la land.

Funny how people here only like these chart fortune tellers when they predict the price is going up but sneer at anyone saying the chart says the price is gonna go down lol!

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45 minutes ago, Staigera said:

Save your breath m8.

Don't you know by now that people around here love to spend their hard earned money on imaginary hopium coins.

Ffs scroll back to the 2018 comments you'll laugh your fcking ass off what people in here belived would rise in price which projects would rocket into the atmosphere.

What crazy announcements would make it go up. The final dip. The final shakedown.

Ffs there are STILL ppl trying to make sense of charts with lines and diagrams I mean like seriously. And the funny thing is ppl actually believe them and they will believe another scammy company selling VIP premium first come first serve internet coin that will make them rich. Lmao.

 

I would like to shake your hand and shout you a round.. Respect. 

There's not many of us around that see it for what it is.

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