In a relatively short period of time, cryptocurrency has gained quite a lot of traction from the public, especially Bitcoin. But many people think that Bitcoin is the only cryptocurrency or that cryptocurrency and Bitcoin is the same thing (which is it to an extent to be fair), but there are other cryptos out there like Ripple’s native token, XRP. Because cryptocurrency is a lot more popular than it once was, this has led to the creation of various copies of popular cryptocurrencies which don’t bear many differences to the originals. XRP classic is an example of this which has attracted many people when it was first seen on Twitter on December 24th.
Many enthusiasts quickly caught on though and dubbed the cryptocurrency as fake.
The new token has the same logo as the real XRP but it is in orange instead. It runs on the ERC20 platform and the website shows that it is available for trading on EthFlyer, Mercatox and soon will be available on Hotbit. As it says on CoinMarketCap, the cryptocurrency shows the coin to be trading at $0.000001 with a total supply of more than 645,300,000,000 XRPC.
You can even tell by the website that this cryptocurrency isn’t properly prepared as it says, “XRP CLASSIC presents a decentralized accessible blockchain and cryptocurrency infrastructure; it is absolutely open source content management system.” As reported by Koinalert, the white paper doesn’t really provide us with any helpful information but it does say:
“Freelance workforce growth is accelerating and has outpaced overall U.S. workforce growth by three times since 2014. Work is changing rapidly due to the impacts of automation, and freelancers are better equipped for the future due to more frequent reskilling, and as per the research by freelanceunion.com, 57%2 of the American workforce would be freelance based by 2027.”
There have been several supporters of XRP who have said they are trying to clear the air around the new “fake XRP”.
In terms of the real XRP, the token is currently in the red with a 0.27 percent decrease over the past 24 hours which has given it a price of $0.33.
Will the real XRP please stand up?
What are your thoughts? Let us know what you think down below in the comments!