It’s time to stop with this token and XRPL, which never really got started anyway, and use our time wisely on what truly matters. A token can be used to fundraise a project — it’s often used this way, just like stocks. Some people may dislike this and prefer to sell toaster as jokes for kids, but that’s the reality. When a company issues new shares (through an IPO or a secondary offering), investors buy them, and the company receives that money. That’s fundraising, and it’s one of the main reasons stock markets exist.
It didn’t work for us (like most tokens). On the day of Trump’s election we got listed on the biggest DEX launchpad. We stayed there alone for a whole month and didn’t even attract $100 in liquidity.
What we’ve seen is essentially a ghost chain:
1. Validator-backed projects: The XRPL’s 35 validators have the connections to run their own tokens. These projects dominate the chain.
2. Memecoins: On the other side, the chain is flooded with countless memecoins. These are mostly jokes or pump-and-dump schemes, often launched by opportunists who just want to wreck people. There’s no real vision or future here.
A few manage to sustain liquidity pools of $500k to $2 million, but that’s rare.
To make matters worse, even the biggest AMM pool on XRPL belongs to a dead project: no tweets for years, a “play-to-earn” game that never delivered, yet still holding millions of dollars in the pool. That looks more like stuck or dirty funds than a living ecosystem.
DeFi is immature as hell. People confuse a financial product with the love of their life. So it’s time to walk away from this nonsense and continue focusing on the MT5 trading algo properly. We can certainly raise funds in TradFi, without wasting time talking to kids every day.
The token will be illiquid in 30 days from now, it was never really liquid anyway. We didn’t even raise enough to open a taco stand in Mexico with
@Litecoin.