As the Ripple vs SEC case reaches its final stages, with the appeal option expiring on October 7, 2024, the XRP ledger community is buzzing with excitement. One of the most talked about tokens, TrumpCoin, a coin that has been built on the XRP ledger is a powerful symbol of economic resilience and a grassroots movement dedicated to supporting Trump’s vision for a prosperous America, is showing impressive growth and strong market activity.
October 7, 2024, is going to be a monumental day for the entire Ripple ecosystem as it marks an end to its ongoing battle with SEC, the most anticipated Ripple’s Stable Coin RLUSD may be launched and a centralized exchange listing for TrumpCoin is a possibility.
7 October 2024 is the biggest date in #XRPL‘s 12 year history 📆
– Official end of #Ripple vs SEC case with appeal option expiring on this date 👀
– Launch of Ripple Stable Coin RLUSD
– TrumpCoin tier 1 CEX listing pic.twitter.com/KHS3su01Vn
— Trump Coin (@trump45coin) September 17, 2024
The Current Standings of TrumpCoin
TrumpCoin, a digital asset designed to leverage fast and low-fee transactions of the XRP ledger, is currently trading at 0.00001162 XRP, with a noticeable +0.63% increase over the last 24 hours. There has been a surge of interest in the token as the current 24-hour volume stands at 523.46 XRP as per xmagnetic.
The price high for the day touched 0.000012 Ripple, showing stability and potential for further growth among the investors.
Airdrops and Tokenomics
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According to the whitepaper, the airdrops are scheduled to be 4-5 months after the launch, and subsequent airdrops are scheduled before and after the US Presidential Elections. It has also been mentioned that 60% of the tokens are said to be airdropped to loyal investors.
The total supply is capped at 45 billion tokens, symbolizing Trump’s status as the 45th President of the United States. The tokenomics is set as below:
- Developers (10%): To ensure innovation for the platform in the future.
- Sales and Market (15%): To ensure market visibility.
- Pre-sales (15%): To support early investors for exclusive benefits.
- Airdrop: Year One (10%): Aimed at increasing user base.
- Monthly Yield Rewards (50%): The largest proportion of the token is to be used for rewarding long-term participants.
This distribution will make sure that it encourages maximum participation from the users and will help in creating a sustainable ecosystem in the future.
As the countdown continues, analysts are speculating a bullish surge not only for XRP but also for TrumpCoin. It is being observed that the investors are aligning their strategies with these developments. The future seems bright for the XRP ledge based assets and TrumpCoin is going to be one of the key tokens to watch out for.
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