Deflationary Coin Launched on BSC Chain called BabyXRP

[RobertHarpool]

Don't understand .. yet .. 

... but for some instinctive reason I don't like it. 

Insights and commentary welcome 

https://finance.yahoo.com/news/deflationary-coin-huge-rewards-launched-173300300.html

[HAL1000]

COUGH "binance smart chain" nope, not for me.

[Muellhart]

If anyone read through the homepage:

What are "legacy XRP"? Are these another coin of the BSC universe, I don't know about? Or just plain old XRP on the XRPL?

[brianwalden]

2 hours ago, Muellhart said:

If anyone read through the homepage:

What are "legacy XRP"? Are these another coin of the BSC universe, I don't know about? Or just plain old XRP on the XRPL?

As far as I can tell this is just a coin on the Binance Smart Chain that they named BabyXRP for the name recognition. The only connection to XRP is that they're paying prior rewards for holding it in XRP.

[PlanK]

Step 1: Make a coin with a similar name to a known big brand.

Step 2: Wait for exponential pump of big brand coin.

Step 3: Newbies FOMOing into the market buy the cheaper knock-off believing it to be somehow linked to the big brand coin.

Step 4: Profit.

 

On an unrelated note I will soon be releasing ToddlerXRP.
Keep an eye out for it, it's gonna be big.  Bigger than BabyXRP.

 

[thinlyspread]

Weird.