onXRP Finally Lists on Global Crypto Exchange

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First, for ref­er­ence, it is worth clar­i­fy­ing that onXRP is an ecosys­tem that incor­po­rates every­thing that hap­pens on XRPL. The ecosys­tem’s mis­sion is to make XRPL more acces­si­ble to new­com­ers, as well as to pro­vide the tools every investor needs in order to use XRPL.

onXRP con­sists of var­i­ous mod­ules that cov­er such seg­ments as: con­tent, play-to-earn projects, decen­tral­ized trad­ing, etc. The main advan­tage of onXRP as a plat­form is its inter­op­er­abil­i­ty, which is imple­ment­ed through the epony­mous module.

The native onXRP token is OXP. The token itself has sev­er­al util­i­ties. It can be used to encour­age devel­op­ers of apps based on the plat­form, as a pair for trad­ing on the inter­nal DEX, as a pay­ment method on the onXRP NFT mar­ket­place, and also as a reward in P2E projects.

At the end of May, it became known that OXP would get its first list­ing on the cen­tral­ized exchange. The inter­na­tion­al cryp­to exchange, Bit­mart, was cho­sen as the venue for the ini­tial listing.

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Despite the fact that the loca­tion con­fused plat­form users, onXRP rep­re­sen­ta­tives were quick to explain their choice to BitMart.

In spite of the fact that the pri­ma­ry place­ment con­fused users of the plat­form, rep­re­sen­ta­tives of onXRP has­tened to explain their choice. Accord­ing to their state­ment, the deci­sion was made based on the analy­sis of liq­uid­i­ty and trad­ing vol­umes on cen­tral­ized exchanges.

The analy­sis showed that Bit­Mart has a large real vol­ume. Specif­i­cal­ly, their vol­ume was $2.6 bil­lion in the last 24 hours, which accord­ing to onXRP, opens up a lot of liq­uid­i­ty for the project.

In addi­tion, onXRP said that the token needs to be list­ed on a good Tier 2 exchange before list­ing on a Tier 1 CEX.



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