What Is Kudos (XTK)?
The Kudos Utility Token is a loyalty and utility token used for gamification, rewards, and discounts within the [XRP Toolkit]https://www.xrptoolkit.com/(). XTK is a freely transferable and tradable token on the XRP Ledger and can be sent to other users or traded against other tokens. The total supply of XTK is 100,000,000 and the issuing account has been permanently locked, meaning that no more tokens can be issued. Users can acquire XTK by participating in reward programs, bounty campaigns, or testing new features within the XRP Toolkit. An automated reward bot distributes small amounts of XTK for certain activities, such as adding a trust line for XTK. It is important to note that acquiring XTK does not grant any right or influence over XRP Toolkit or Towo Labs, and the purpose of XTK is to allow the utilization of software services, not for speculative purposes.
Who Are the Founders of Kudos?
TowoLabs is a software development company that specializes in creating applications and tools for the XRP Ledger, the decentralized digital asset platform powered by XRP cryptocurrency. The company was founded in 2019 and is based in Stockholm, Sweden.
The main focus of TowoLabs is on creating user-friendly and secure tools for interacting with the XRP Ledger. One of their main products is XRP Toolkit, a non-custodial web wallet and toolkit for the XRP Ledger that allows users to manage their XRP funds, trade assets, set up trust lines, and perform other operations on the ledger. XRP Toolkit integrates with hardware wallets for added security.
TowoLabs also provides consulting and development services to businesses and organizations that want to build applications on the XRP Ledger. Their services include smart contract development, custom tool development, and integration with existing systems.
In addition to XRP Toolkit and their consulting services, TowoLabs is also the founder of Kudos (XTK), a utility and loyalty token used for gamification, rewards, and discounts in XRP Toolkit. Kudos is freely transferable and tradable on the XRP Ledger, and users can earn it by participating in reward programs and bounty campaigns.
What Makes Kudos Unique?
Kudos (XTK) is unique in that it is a loyalty and utility token designed to reward users for their engagement with XRP Toolkit and the XRP Ledger. Unlike other tokens, XTK cannot be mined, and its total supply is fixed at 100,000,000 tokens. The issuing account has been permanently locked, meaning that it can never freeze any XTK holder or issue more tokens.
XTK is freely transferable and tradable on the XRP Ledger, like other tokens on the decentralized exchange. This means that users can send XTK to other users or trade it against other tokens. XTK can also be used for gamification, rewards, and discounts within XRP Toolkit.
One unique feature of XTK is its active rewards program, which incentivizes users to engage with XRP Toolkit and the XRP Ledger. For example, users can earn XTK by adding a trust line for XTK, which allows them to receive rewards for holding and using the token. This rewards program encourages user engagement and helps to build a loyal community around XRP Toolkit and the XRP Ledger.
How to get XTK?
According to the information provided on the XRP Toolkit website, you can receive XTK tokens by participating in reward programs, bounty campaigns, or testing new features. You can also acquire XTK from other users through trading on the decentralized exchange on the XRP Ledger. However, the website also notes that they will never publish giveaways on social media, send emails, or ask you to send any crypto assets.
The last update on active rewards was on June 30, 2020. At that time, an automated reward bot was distributing small amounts of XTK for certain activities in XRP Toolkit and on the XRP Ledger. The only active reward mentioned is as follows:
5 XTK: Add a trust line for XTK
It's important to note that all XRP Ledger accounts created before June 30, 2020 with an active trust line for XTK were eligible for rewards at that time.
What purpose does Kudos (XTK) serve?
Kudos (XTK) is a utility and loyalty token used within the XRP Toolkit, which is a platform designed for managing XRP Ledger accounts and conducting transactions on the ledger. XTK is used for gamification, rewards, and discounts within the platform. Users can receive XTK tokens by participating in reward programs, bounty campaigns, testing new features, or acquiring them from other users. The token is freely transferable and tradable on the XRP Ledger, like other tokens on the decentralized exchange. However, it is important to note that acquiring XTK does not grant any right or influence over XRP Toolkit or Towo Labs, the team behind the platform.
Read more about: TowoLabs
Learn more about: TowoLabs Ecosystem.
Where Can You Buy Kudos XTK?
Kudos XTK is a token trading on the XRP ledger DEX, the most straight forward way to acquire XTK tokens would be to purchase them through XRPL DEX.
How to stay tuned for further updates?
If you wish to receive more updates about the TowoLabs ecosystem and any upcoming events, we suggest you follow @TowoLabs on Twitter.