NAME - Company | ***TEMPLATE*** |

[Malloy]

Quote

***TEMPLATE UNDER CONSTRUCTION***

 

***Please use this format to create a new topic for your favorite ticker***

Title

Name of ticker - Name of company (ex. XRP - Ripple)

First post content. Copy/Paste the template from here --->

Website: (ex. https://ripple.com/)
CoinMarketCap: (ex. https://coinmarketcap.com/currencies/ripple/)
Status: Released or ICO or In development (ex. Release)
Asset/IOU: (if yes, which one, ex. Ethereum, Waves, Ripple, etc.)

Buffett rules
(short answers - you can use the comments to expand)

1-One that we can understand or Is this crypto cryptic or explainable to the avg Joe?
What is it: (ex. Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally)

2-With favorable long-term prospects or Just a pumped well orchestrated scheme?
Explain: (ex. Ripple is a venture-backed startup with offices in San Francisco, New York, London, Luxembourg and Sydney. As an industry advocate for the Internet of Value, Ripple sits on the Federal Reserve’s Faster Payments Task Force Steering Committee and co-chairs the W3C’s Web Payments Working Group.)

3-Operated by honest and competent people or Can we know their names and see their face (at least)?
Link: https://ripple.com/company/

4-Available at a very attractive price or Is it too late already?
Explain: (ex. Its value is increasing considerably as more and more financial institutions are adopting it or are in the process of adopting it as a payments gateway for transfers and investments. ref. http://www.investopedia.com/news/ripple-38000-should-you-be-buying/)

 

Disclaimer: In, Accumulating, Thinking, Curious
In: You already have a position
Accumulation: You're buying now
Thinking: You may have orders far from the actual price or looking for an entry point
Curious: You need more info to take a decision or just curious why everyone's talking about this one

 

Edited August 21, 2017 by Malloy

[Mercury]

Would this apply to ripple based IOU's? I am thinking of RippleFox's FMM IOU, not sure if it would be considered an independent asset as it is a market making pool or perhaps an indicator of the health of the ripple network vs its main asset XRP

[Malloy]

41 minutes ago, Mercury said:

Would this apply to ripple based IOU's? I am thinking of RippleFox's FMM IOU, not sure if it would be considered an independent asset as it is a market making pool or perhaps an indicator of the health of the ripple network vs its main asset XRP

Good point. I think we could add IOUs that are created to be like token on the Ripple network. FMM is a good example.. We might see more of that.