XRP20 Blasts Off as 22% of Presale Supply Staked For 109% APY in Less Than 24 Hours – Presale Raises $2.7m, Selling Out Fast
Monday, August 14, 2023 – The XRP price might be declining, but XRP20 coin buyers have staked 22.7% of its presale-allocated supply as the project hurtles toward sell-out after raising $2.74 million, with only $949,000 to go.
The XRP20 presale will finish early this week at the current rate as the stake-to-earn coin closes in on its target of $3,680,000.
Staking began on Sunday, less than 24 hours ago, resulting at the time of writing in 9,194,611,672 XRP20 being staked so far. Forty percent of the 100 billion total supply of XRP20 tokens is being offered for purchase to the public in the presale, 22.7% of which has been staked.
Remarkably, even before the presale has ended, token holders are gobbling up the opportunity to earn an annual percentage yield (APY) of 109%, despite claiming of tokens not being available until the presale ends.
XRP20 will list on the Uniswap decentralized exchange.
To get started with staking, token holders need to go to the staking dashboard section of the website.
Along with the benefits of staking, prospective XRP20 buyers are supported in their purchase decision by knowing that the project’s smart contract has been audited. XRP20 is one of the few so-called ‘version 2’ coins that has had its smart contract audited.
The security audit was conducted by 0xGuard, and no issues were found, except a minor one related to gas fees that in no way affects the contract's functioning.
Now that the presale is 75% complete, with only $949k to raise until the coin sells out, the presale will likely end over the next couple of days as buyers rush to stake the coin.
In addition to the staking incentive, fundraising tends to speed up as the finish line comes into view, so there really is no time to lose before
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