What Is XQuake (ASH)?
XQuake ASH is a digital token issued on the XRP Ledger by XQuake, a charity-driven organization. Its purpose is to facilitate donations using blockchain technology. The first phase of its airdrop, involving the distribution of a total supply of 10 million tokens, is complete. ASH acts as a support token for XQUAKE, providing passive income to both ASH and XQK token holders. The distribution is equal for ASH and XQK holders, calculated based on the circulating supply of each token, and occurs twice a month. Holders of ASH can earn a passive income with an APY of 43%, while XQK holders earn 12%. To receive this passive income, individuals must hold both ASH and XQK tokens.
Who Are the Founders of XQuake?
The founder or founders of XQuake are unknown.
What Makes XQuake Unique?
XQuake stands out due to several unique features and aspects:
Charity-Driven Focus: Unlike many tokens which are primarily investment or utility-focused, XQuake's primary aim is to facilitate charitable donations using blockchain technology. This philanthropic approach is relatively rare in the crypto space.
Integration with the XRP Ledger: By issuing the ASH token on the XRP Ledger, XQuake leverages the benefits of this platform, such as fast transaction speeds, low fees, and scalability. This choice makes it well-suited for efficient, global transactions, which is essential for international charity work.
Dual Token System with Passive Income: XQuake employs a unique system involving two tokens - ASH and XQK. Holders of these tokens are eligible for passive income, distributed twice a month. This creates an incentive for both investment and long-term holding of the tokens.
Equal Distribution to ASH and XQK Holders: The method of distributing equal amounts of ASH to both ASH and XQK holders ensures a fair system for all participants. This could promote a more balanced and equitable token ecosystem.
Attractive APY Rates: Offering a high APY for holding ASH (43%) and a substantial rate for XQK holders (12%) makes it an attractive option for investors looking for passive income streams.
Community Involvement in Charity: By tying the token to charitable activities, XQuake potentially creates a community of users who are not just investors but also contributors to social causes. This can foster a sense of community and shared purpose among holders.
Transparency and Trust through Blockchain: Utilizing blockchain for charitable activities can increase transparency and trust, as transactions are recorded on a public ledger, ensuring that donations are traceable and accountable.
These features combine to make XQuake a unique proposition in the cryptocurrency world, particularly for those interested in the intersection of blockchain technology and charitable giving.
XQuake, a charity-focused organization, has expanded its presence in the cryptocurrency space by issuing multiple tokens, namely ASH, XQK, and SQK, with the latter being launched on the Stellar Network. This diversification of tokens across different blockchain platforms, like XRP Ledger for ASH and XQK and Stellar for SQK, showcases XQuake's strategic approach to leveraging blockchain technology for philanthropy.
The tokenomics of XQuake ASH, as described, include several key elements that define its economic and financial model within the blockchain ecosystem:
Total Supply: The total supply of XQuake ASH tokens is capped at 10 million. This fixed supply can help in preventing inflationary pressures that might devalue the token over time.
Airdrop Distribution: The initial distribution of ASH tokens has been executed through an airdrop to token holders. This method of distribution is often used in the crypto world to foster a broad and decentralized ownership base.
Dual Token System:** XQuake involves two types of tokens - ASH and XQK. This dual-token structure is somewhat unique and can offer different benefits and use cases within the XQuake ecosystem.
****Passive Income Generation: ASH tokens are used to generate passive income for holders. This is a significant aspect of its tokenomics, providing an incentive for holding the tokens.
Distribution to ASH and XQK Holders: The passive income distribution is structured to benefit both ASH and XQK holders equally. This equitable distribution strategy might encourage holding both types of tokens and support the overall ecosystem.
Frequency of Distribution: The income distribution occurs twice a month, which provides regular benefits to token holders and can encourage long-term holding.
APY Rates: The Annual Percentage Yield (APY) for holding ASH is notably high at 43%, while holding XQK offers an APY of 12%. These attractive rates are likely to draw interest from investors seeking regular income streams.
Requirement for Earning Income: To be eligible for the passive income, holders need to possess both ASH and XQK tokens, which promotes diversification within the ecosystem.
Blockchain Advantages: Utilizing blockchain technology, specifically the XRP Ledger, ensures fast, secure, and transparent transactions, enhancing the trust and efficiency of the tokenomics model.
These tokenomics elements make XQuake ASH an intriguing project, particularly for those interested in the blend of blockchain technology with charitable initiatives and passive income opportunities. It's important to remember that the value and utility of such tokens can be subject to market conditions and regulatory changes, so it's advisable for potential investors or participants to conduct thorough research and due diligence.
What purpose does XQuake (ASH) serve?
XQuake (ASH) is a token issued on the XRP Ledger by the charitable organization XQuake, designed to streamline and enhance the process of making donations through blockchain technology. It serves a dual role in the XQuake ecosystem: firstly, as a means to facilitate transparent and efficient charitable donations, and secondly, as a mechanism for providing passive income to its holders, including those of ASH and XQK tokens. The token's distribution strategy is equitable, aiming to benefit all holders, and it offers attractive Annual Percentage Yields (APYs) as an incentive for investment and long-term holding. This approach not only supports various charitable causes but also creates a sustainable and rewarding ecosystem for investors and participants in the project.
Read more about : XQuake
Learn more about: XQuake.
Where Can You Buy XQuake ASH?
XQuake ASH is a token trading on the XRP ledger DEX, the most straight forward way to acquire ASH 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 XQuake ecosystem and any upcoming events, we suggest you follow @officialXQK on Twitter.