1. SipPop GamesHome
  2. Blockchain Buzz

When is XRP earnings calculated (Is XRP worth investing)?

• Blockchain Buzz • 111 views

When is XRP earnings calculated? Editor\’s note: This article is from Zhi Mi Univ

When is XRP earnings calculated (Is XRP worth investing)?

When is XRP earnings calculated? Editor’s note: This article is from Zhi Mi University, written by Liu Changyong, authorized by Odaily Star Daily for reprinting.

How is XRP earnings calculated?

1. What is XRP (Robonomics)? XRP is a decentralized application on Ethereum that provides users with various services and asset types. It mainly includes three parts:

1) Protocol fees;2) Development of smart contract code;3) “Liquidity mining”. All three parts will be carried out on the Ethereum blockchain.

2. How to earn profits? Currently, the hottest trend is “DeFi mining”. Around December 15, 2020, over a million ETH had been mined through DeFi (at a price of nearly $1000). According to Debank’s statistics, DeFi has mined approximately 30 billion tokens. Based on the current price, this number is equivalent to over 40 billion US dollars.

So what is the source of XRP’s income? It is the rewards of XRP that we are familiar with, which is a common concept. In other words, XRP’s earnings are issued or paid to token holders of another project (such as Uniswap) through a separate project. And this fee is generated automatically through the XRP platform. Therefore, from the native token XRP of the XRP platform, you can obtain a corresponding amount of xRPT (totaling $50 million), which includes XRP/USDT, xrP/BTC, and a portion of yvCRV.

Next, I will explain what xRPT is and why its yield is relatively low. First of all, for xRPT, it is risk-free and has a return because there are no investment opportunities, and it is difficult to generate returns due to the complexity of participating in XRPE investments. (Image from https://www.theblockcrypto.com)

Is XRP worth investing in?

XRP is a blockchain-based distributed storage network that operates smart contracts on Ethereum and is widely used. XRP was created and launched by anonymous developers, allowing users to purchase, sell, or hold digital tokens (such as BTC) using digital assets, as well as earn fees through receiving Ripple payments. The goal of the project is to achieve this in the next few months. (CryptoPotato)

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/23553.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/12/2023 21:37
Next 08/12/2023 21:59

Related recommendations