What Is RippleFox (ULT)?
RippleFox ULT is a token issued by RippleFox on the XRP Ledger, and it is pegged and backed by Ultiledger (ULT). In this context, "pegging" means that the value of RippleFox ULT is tied to the value of Ultiledger (ULT). Users can hold and trade RippleFox ULT on the XRP Ledger, and the token can be redeemed for the corresponding value of Ultiledger (ULT) or another specified asset on their respective networks.
RippleFox serves as the issuer of these tokens and has gained the trust of its users to provide a secure and reliable mechanism for tokenizing and transferring value on the XRP Ledger.
Overall, RippleFox ULT and other tokens like it offer a way for individuals and organizations to gain exposure to assets like Ultiledger (ULT) on a decentralized blockchain network while also facilitating value transfer. This can be a valuable tool for those looking to participate in the Ultiledger ecosystem or diversify their cryptocurrency holdings.
Who Are the Founders of RippleFox?
Randolf Liang, the founder of RippleFox, which stands as China's largest community dedicated to Ripple and Stellar, boasts an extensive background in IT development spanning over a decade. His professional journey includes serving as the IT Development Manager for the Asia Pacific Market at State Street Bank. Additionally, Randolf contributed significantly to the blockchain space during his tenure at Wan Xiang Blockchain Labs, where he held roles as a Senior Project Manager and a Senior Technical Expert at SAP China's R&D Institute. He also played a pivotal role as the individual who invited Jed McCaleb, the visionary behind Stellar and Ripple, to China during the early stages of these projects. Furthermore, within the Ministry of Industry and Information Technology (MIIT) of China, Randolf Liang assumed the role of a specialized blockchain testing expert. In 2016, his expertise was instrumental in drafting the whitepaper for Blockchain Application and Development at MIIT. As a seasoned technical expert in the Fintech industry and an early adopter and advocate for blockchain technology, Randolf made significant contributions, including the creation of Ultiledger, a pioneering global self-financing blockchain protocol.
What Makes RippleFox Unique?
RippleFox facilitates the exchange of XRP, which serves as the primary currency for trading, with other cryptocurrencies and fiat currencies. Moreover, RippleFox utilizes the Stellar network to enable payments.
Ripple, a platform that functions as a link between financial institutions and customers, offers a financial solution that permits banks to process transactions more swiftly via real-time transfers on a global scale. The technology of Ripple enables banks to generate new revenue streams while providing a superior customer experience.
Peer to Peer
Ripplefox is a decentralized cryptocurrency platform with a worldwide fiat gateway that enables users to trade bitcoins, lumens, and ripples for various fiat currencies, such as Chinese Yuan and Euros. This unique feature is not currently available on any other platform. Additionally, trading on Ripplefox is completely free, and you can trade directly with other traders without any intermediaries. You maintain complete control of your assets at all times. Begin trading today on Ripplefox and experience the benefits of decentralized trading.
Ultiledger and the RippleFox Partnership.
Ultiledger, an open-source blockchain protocol with a focus on trust-building and cost-effective financial solutions, has entered into a strategic partnership with RippleFox, China's largest Ripple and Stellar community. This collaboration brings together Ultiledger's expertise in blockchain technology and financial ecosystems with RippleFox's extensive online community of blockchain enthusiasts. The goal is to drive innovation in supply chain finance and contribute to real-world economic advancements. Ultiledger's core features include zero-cost transaction settlement, enhanced security and privacy, and efficient capital availability, while RippleFox is known for its commitment to advancing blockchain technologies. Together, they aim to leverage their strengths to create solutions that benefit both society and users, injecting vitality into the blockchain and financial technology landscape.
Ultiledger and Ripple Fox Founders
Randolf Liang - Founder
Mr. Liang, a graduate of Zhejiang University, is the visionary founder of Ripplefox and Ultiledger, the largest Ripple and Stellar gateway in China. With over four years of successful operation and a vibrant community of over 20,000 developers and enthusiasts, Mr. Liang brings a wealth of experience to the blockchain arena. His impressive 12-year IT development background includes roles as a senior project manager at Wanxiang Blockchain Lab, a senior technical expert at SAP China Research Institute, and a development manager at State Street Bank, Asia Pacific. Mr. Liang's influence extends to his time as a senior researcher at ChinaLedger (China Distributed General Ledger Primary Protocol Alliance) and as a blockchain lecturer at the China Computer Society. He has also played a pivotal role in the Ministry of Industry and Information Technology as a system test specialist, focusing on crypto asset issuance and trading. Notably, he introduced Ripple and Stellar founder Jed McCaleb to China.
Tao Zuo (Canadian Chinese) - Co-Founder, Chief Scientist, PhD
Dr. Zuo boasts an illustrious career, having served as the managing director of the Hong Kong Stock Exchange and the general manager of the Hong Kong Stock Exchange Technology Corporation in mainland China. His expertise extends to his role as the chief architect of the Dalian Commodity Exchange from 2009 to 2014. Dr. Zuo possesses extensive experience in international and domestic securities and futures markets, with a strong focus on financial technology (FinTech) and blockchain and distributed ledger technology. He is a prominent figure in Hong Kong's capital market when it comes to blockchain and distributed ledger technology. Dr. Zuo's achievements include winning the 2006 Best Business Intelligence Implementation award from Computerworld Magazine and being a key inventor of a patent related to China's capital market technology, specifically 'Real-time measurement and monitoring of ultra-low latency performance of trading systems.' From 2005 to 2009, he served as an enterprise architect at the Chicago Mercantile Exchange Group (CME Group). Dr. Zuo holds a Ph.D. degree from York University, Toronto, Canada, earned in 1991.
Tommy Xu - Co-Founder, Chief Operating Officer
Mr. Xu's professional journey is marked by his four-year tenure at China Merchants Bank, followed by four and a half years of entrepreneurial ventures. In 2015, his company was successfully acquired, leading to his transition into venture capital (VC) and private equity (PE) investment. Mr. Xu's diverse experience encompasses finance, management, and market development, combined with a strong acumen for business, execution, and resource integration. In June 2017, he co-founded Win-Win Chain Information Technology (Shenzhen) Co., Ltd., alongside Liang Ran, Xu Jiqiu, TCL, and Wang Hui (the chief architect of Gree Supply Chain Financial System). Their primary focus was on blockchain and supply chain financing. Prior to its official launch, the company secured seed round investments from Mr. Wang Lijie and Mr. Xia Zuoquan, one of BYD's founders. In just six months, the company made substantial progress, securing engagements with major enterprises such as Foxconn, Geely, and BYD.
Eric Gao - Co-Founder, Chief Economic Officer
Mr. Gao brings over a decade of securities expertise to the table, with a distinguished career spanning CITIC Securities, Ping An Securities, Wanjia Fund, Founder Securities, and First Venture JP Morgan Chase Securities, JPM's exclusive investment banking platform in mainland China. His investment experience is extensive, with Mr. Gao having led projects totaling over 100 billion yuan in investment and financing. His specialization lies in asset securitization, where he spearheaded notable ventures like the Anhui Province Mintou Microfinance Co., Ltd. Small Loan Asset Securitization (the third asset securitization case of small loan companies in China) and the Shandong Fengyuan Tongda Power Asset Securitization (the pioneering asset securitization case involving power charging rights). Mr. Gao's portfolio encompasses a wide range of asset management projects, including bank credit card assets, car loan assets, consumer loans, generalized credit assets, leased factoring company assets, corporate accounts receivable, CMBS, and more.
Read more about: RippleFox
Learn more about: RippleFox Ecosystem.
How Many RippleFox ULT Are There in Circulation?
There is an initial maximum supply of 37,994,474.00 ULT tokens, of which an estimated 12,202,287.93 are currently in circulation as of March 2023. Check out RippleFox.com to learn more.
Where Can You Buy RippleFox ULT?
RippleFox ULT is a token trading on the XRP ledger DEX, the most straight forward way to acquire ULT tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase RippleFox ULT, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the Ripplefox ecosystem and any upcoming events, we suggest you follow @xrplto on Twitter.