Crypto Voice News | First Ledger attributes the token distribution to XRP burning: Details

First Ledger attributes the token distribution to XRP burning: Details to receive all coins with a 10 %commission discount with credit or debit card. MEXC https://bit.ly/40fdloq, Bitget https://bit.ly/3evmuo1, this video has been prepared with the special permission of thecryptobasic.com to read the original text please click on the link https://bit.ly/416Q4UW ( The First Ledger, a leading trading platform on XRP Ledger (XRPL), introduced a new method for the Token allocation in the Launchpad program. The team shared the update in a post in X in the early hours today. As a context, First Ledger offers a platform to start the token on the XRPL network without requiring KYC. In October 2024, he launched a public beta test, and since then, the XRP community has seen an explosive increase in breast coin launches. In particular, the latest update connects the token allocation directly to the amount of XRP that a creator burned at the launch event. This movement encourages token developers to participate in deeply. Burn more XRP, more token, open, new system, determines the following stages for the token allocation according to the amount of XRP burned: 100 to 499 XRP burning: Users can be entitled to a token allocation ranging from 0 %to 10 %. Burn 500 to 999 XRP: Token allocation increases from 0 %to 20 %, and those who burn 1,000 XRP or more will be given the right to allocate between 0 %to 30 %. The movement protects the XRP network from frauds and carpet drawings, which was admired by members of the XRP community. Many of them appreciated First Ledger for this move and saw it as a way to encourage honest participation. In particular, some see it as a barrier that can help reduce bad actors. In particular, the mechanism of burning can reduce the risk of "carpet pulling" in which developers abandon a project or escaped with funds. In this case, developers need to burn a significant amount of XRP to request a large part of the token allocation. By connecting the token allocation to XRP burning, developers are prevented from holding a large amount of token without being involved in the game and thus the incentive for malicious actions (such as carpet pulling) is reduced. Critics react, meanwhile, some market participants expressed their concerns about the update. A user called "Altcoinmage" expressed suspicions, claiming that the new system allowed XRP whales to deceive the system. They called the token allocation based on the amount of burning "a very large red flag". In contrast, another commentator argued that the update developed the previous system. In the old model, a 30 %allocated token can be started by burning only 125 XRP, and then potentially rug pulled can be made immediately. The commentator said, "This update prevents some abuse," he said. ________ XRP Ripple, Ripp Crypto Money, Breaking News, XRP Ripple Analysis, XRP comments on this channel, please subscribe to not miss the next XRP Ripple news. XRP Ripple news, Ripple last minute, Ripple last minute news, XRP Ripple, Ripple where to buy, Ripple Stake _________ Responsibility rejection, the information given in this video is not an investment advice, it is not financial advice, trade advice, only for information purposes, only for information advice You should not consider it. Please get information from your financial advisor before making any investment decisions. #kriptoseslihaber