A recent move by Ripple (XRP) to include smart contracts functionalities on the XRP Ledger has sparked a mixed reaction from the XRP community. Further, many in the XRP army were unhappy with this decision, prompting them to shift investment into ETFSwap (ETFS).
This article discusses the reason for the decision of the Ripple (XRP) network and the force driving the XRP army into ETFSwap (ETFS).
What you'll learn 👉
Ripple (XRP) To Incorporate Smart Contract To XRP Ledger
Cross-border payment network Ripple (XRP) has announced that it will add smart contracts to the XRP Ledger ecosystem in an X (formerly Twitter) post on September 3, 2024. Interestingly, this recent decision was a shift in its earlier stance regarding smart contracts on the XRP Ledger.
Ripple (XRP) CTO had described the XRP ledger mainnet as a fixed function ledger in the XRP Ledger Apex function event. Therefore, the latest developments stirred discontent among members of the XRP community, including independent developers.
Further, XRPL labs, one of the core contributors to the XRPL ecosystem, were both frustrated and disappointed by the decision of Ripple (XRP), as Wieste Wind, director of XRPL, indicated in an open letter. However, in the X post, Ripple (XRP) indicated that the inclusion of smart contracts into the XRPL ecosystem would provide developers with new functionalities and open various use cases for users and entrepreneurs.
Ripple (XRP) also mentioned that the smart contract feature will go live in the XRPL Ethereum Virtual Machine (EVM) side chain in the coming months. Nevertheless, Ripple (XRP) also clarified that the XRPL smart contract feature is still being researched. According to CoinGecko, Ripple (XRP) currently trades around $0.55 and ranks 7th in the crypto market.
Massive Presale Drives XRP Army Into ETFSwap (ETFS)
As the crypto market continues to trade sideways, ETFSwap (ETFS) is offering investors a glimpse of hope through its presale event. In this presale, ETFSwap (ETFS) offers its native token ETFS to all at a low price of $0.03846 per coin.
However, the exciting part is that all who buy the token now are assured of profit, as the token price will automatically increase to $0.03846. Seeing that this opportunity is too good to miss, the XRP army is hurrying to buy ETFS now to secure their chance at automatic profit.
But aside from automatic profit, the XRP army also hurries to buy ETFS because it serves as the key to unlocking all the features of the ETFSwap (ETFS) ecosystem. ETFSwap (ETFS) is a decentralized crypto ETF trading platform that offers users the unique option to trade tokenized exchange-traded funds (ETFs).
As a decentralized platform, users on ETFSwap (ETFS) can carry out permissionless and borderless transactions. Also, ETFSwap (ETFS) has taken stringent measures to protect users’ privacy by employing a DeFi protocol zero-knowledge proofs, which allows for anonymity during transactions.
Further, new users will not be mandated to fill out Know Your Customer (KYC) forms, enabling them to sign up and start trading in minutes. Also, ETFSwap (ETFS) will feature advanced AI trading tools that are customizable to suit the needs of each trader, enabling them to make the best investment decision possible.
The XRP army is also impressed by the mouthwatering staking rewards they will receive when they stake ETFS on the platform staking pool. Also, token holders get to participate in the network governance, enabling them to influence the decisions made on the platform through voting. Holding ETFS tokens will also result in bonuses, trading discounts, and early access to all new ETF listings on the network.
Conclusion
The decision of Ripple (XRP) to add smart contracts to the XRPL ecosystem sparked discontent among the XRP army, driving them into the ETFSwap (ETFS) presale, where they stand to make an automatic profit.
However, as a cherry on top, experts forecast that ETFS will soon surge in value to the $3 mark, resulting in over 200x yield for all early investors. The XRP army got in early, securing their chance of making tremendous yield on their investments; you, too, can be like them if you buy ETFS today!
For more information about the ETFS Presale:
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