We have heard that BRICS will most certainly adopt XRP as its official currency, just like the rumors concerning the ECB for several years, nothing is official.
There is no point in crying wolf before the time. We are aware of the potential of $XRP , but governments have no interest in revealing their game before the end of the project.
On the other hand, XRP is already associated with one of the largest banks in ASEAN (CIMB Bank).
Ripple has obtained a full Major Payment Institution (MPI) license in Singapore.
They are also partnering with Onafriq (African mobile payments provider), which will use XRP technology to facilitate financial exchanges between Africa and several countries such as Australia, the UK and the GCC
1 - Pool imbalance: An AMM maintains a balance between two assets in its pool. When asset prices change significantly, it can throw the pool out of balance. For example, if the price of one asset increases significantly relative to the other, the pool may consist largely of the asset that increased, creating an imbalance.
2 - The impact on Exchange Rates: The AMM adjusts the exchange rates according to the balance of the pool. When the pool becomes unbalanced due to price changes, exchange rates may become less favorable for liquidity providers. When they withdraw their assets, they might get less than they expected due to the imbalance.
3 - Currency risk: Liquidity providers are exposed to “currency risk” because they hold assets in the pool. If the price of an asset decreases after they deposit their assets, they will incur a loss when they withdraw their assets from the pool.
4 - Arbitrage by Traders: Traders can take advantage of pool imbalances by carrying out arbitrage operations. This can result in rapid movements of funds in the pool, impacting liquidity providers.
So is this really a problem? I think not #pasunconseilfinancier . Because if $XRP must be used for transactions by financial institutions, they cannot take the risk of leaving room for great volatility in the price of $XRP . The public clearly does not have the billions that will be injected by the institutions to guarantee liquidity so we will not be able to extract them either since the liquidity is blocked.
This is why a price will be set at $XRP , a bit like a stable coin but very, very expensive.
All you have to do is choose the second token of your pair (wink)!!
It will soon be possible for $XRP holders to earn passive income.
Apart from classic “staking” (the act of blocking your cryptocurrencies to receive rewards: free tokens), which are used to validate transactions or provide/guarantee the liquidity of a project…
XRP-Ledger sets up AMM (Automated Market Makers).
They are like automatic machines that allow people to trade digital assets in a decentralized manner. Each AMM has a “pool” of assets, and users can deposit their assets into this pool to earn tokens representing their share. In exchange, they can earn fees and vote on certain rules.
When many people trade assets in the pool, it can make money for liquidity providers. However, if asset prices change a lot, this can cause “losses” to liquidity providers.
AMM automatically adjusts exchange rates based on pool balance. The more assets in the pool, the better the exchange offers. Fees are levied on each transaction to reward liquidity providers.
The tokens that people receive for depositing assets can be exchanged or used to vote on AMM rules. There are also tips like temporary fee reductions. However, there are risks, such as price changes and limitations on the types of assets that can be used.
In summary, AMMs provide an automated way to trade digital assets while allowing people to make money through the provision of liquidity.
Following the SEC's complaint against Ripple in December 2020, impacting the price of $XRP are we moving towards the end of the trial...or do we have a few more years?!
In order to increase suspense and predict emotional (or manipulative) movements, here are the dates:
The Court examined the parties accordingly:
- By February 12, 2024, the parties must complete their defenses/attacks related to the appeals;
- By March 13, 2024, the plaintiff (the SEC) will file its brief regarding the appeals;
- By April 12, 2024, the defendant (Ripple) will file its opposition if they do not agree with the SEC's request; And
- By April 29, 2024, the plaintiff (the SEC) will appeal (if they do not agree with Ripple's proposal).
The main date here is April 29 as you can imagine. Either the SEC and Ripple reach an agreement, or the SEC will ask to extend the trial.
For the moment we know that the judge ruled that XRP was not a security. But the SEC is demanding that Ripple pay $770 million for violating securities law.
Despite its obstinacy, the SEC is gradually withdrawing its complaints against the company Ripple (in particular those against the directors of Ripple: Chris Larson and Brad Garlinghouse).
Do you think we will see an end to this trial at the dawn of Bitcoin halving or do you think we will be here for a few more years?
For your part, are you selling or accumulating while waiting for April?
Are you patient enough to avoid uncertain projects? !
A small list of tokens regulated via the ISO20022 standard…but first, what is ISO20022?
This is the new international standard for the exchange (or messages) of financial data. It defines a standardized format for the exchange of information between financial institutions to facilitate transactions and communications.
An example 2+2=4 everywhere we go, if the whole world had agreed that it would be 8, it would have been the norm.
The list of cryptocurrencies known to date respecting the new standard in terms of exchange, security and interoperability (system allowing exchange between different platforms in a harmonious and efficient manner):
XRP (XRP - not to be confused with Ripple which is the company created after XRP but which offers XRP or Xrapid technology) XLM (Stellars) HBAR (Hedera) DAG (Constellation) QNT (Quant) XDC (Xinfin) ALGO (Algorand) IOTA (Miota) LCX (Lcx) ADA (Cardano) XVG (Yard)
As the SEC continues to maintain its stance against Ripple, the $XRP token is far from its true value. Many supporters have already left the ship due to their impatience, others are hoping for a big drop to buy some at a lower cost.
Some are skeptical about the number of existing tokens and the capitalization which is already high. However, what is often forgotten is that $XRP will be used to carry out stock market transactions quickly and securely for central and private banks, while XRP remains at a low price the quantity of XRP necessary to carry out large transactions will be enormous and the quantity of tokens will be quickly exhausted, this is why once the trial is over the set price will be reached quickly... the more expensive XRP is the less XRP will be spent to carry out the transactions which will guarantee the sustainability of the project .
Now will the price of XRP fall? I dare to think: "absolutely", because banks, institutions and whales (the holders of large portfolios), will be happy to sell so that confused people will sell in turn and once the price falls freely these whales will buy back not 1000s and 100s like us but by millions or even billions of dollars pushing the price of XRP to an unimaginable amount faster than we imagine!!!
The best thing for average investors is not to play haphazardly but to try to gradually accumulate them with each fall #pasunconseilfinancier in order to have as much as possible before the end of the trial.
In the meantime it’s always a pleasure to see $XRP #bullish
How to participate in Binance AirDrops!? Airdrops are the distribution of tokens or coins, which you will receive for free if you meet the eligibility conditions.
Whether it is AirDrop on already existing tokens or AirDrop for project launches, Binance indicates them either in the announcements (which you can find by clicking on the small bell at the top right of your screen): Annonces or on their home page in the banners that scroll.
In order to be eligible for AirDrop, you simply need to read the eligibility conditions and, if possible, put them in place (do not invest beyond your means - this is friendly advice, not advice). financial advice). Most often it is enough to hold this or that token which will entitle you to AirDrops.
For example, for the Binance launchpools which have been all the rage in recent weeks, the condition was to hold $FDUSD or $BNB in your wallet #earn ! These conditions differ from one platform to another. For certain platforms, you had to hold $TIA, have certain NFTs, participate in the “altitude” promotional campaign etc…
The last project in the Binance launchpool was $ALT , preceded by $MANTA.
Stay tuned for announcements and don’t miss upcoming opportunities on Binance!
Many are wondering why they couldn't buy alt at $0.006 Usdt as shown in the graph?!
It's simple 0.006usdt is the price of the $ALT token before the launch, during the AirDrop that lasted 6 days. The launch price was 0.27usdt.
The +5000% are on the AirDrop tokens not from your purchase!!
But the increase remains relatively interesting for large portfolios. Departure: 0.27usdt - highest price: 0.34999usdt, or 29.63% in less than 24 hours.
This is just the beginning for this token which could easily reach $1!