What is XLoyalitY(XLoyalitY)?
XLoyalitY is a cryptocurrency project operating on the XRPL (XRP Ledger) with a mission to create a stable and trustworthy coin. Originating from the Netherlands, the project emerged in response to frequent rugpulls in the XRPL network. XLoyalitY distinguishes itself by not conducting traditional airdrops but, instead, incentivizing token holders with weekly rewards. The project also plans to initiate a pre-sale to ensure a fair coin distribution. It has a Rugpull Compensation Program to assist victims of scam projects and a Weekly Holders Reward program to benefit loyal token holders. XLoyalitY values respectful community engagement and plans to expand its language reach in the future. The project has a total supply of 1,000,000,000,000 tokens and is committed to transparency and stability on the XRPL network.
Who are the Founder's of XLOYALITY?
PANCKY - CEO of XSTO: Responsible for overseeing marketing, communication efforts, and maintaining connections with approved partners.
JORNY - CEO of XLoyalitY: Focused on conducting extensive research, marketing initiatives, and project development.
DESOXY - CEO of XLoyalitY: Holds responsibilities for bot development, NFT ventures, marketing efforts, and contributions to project advancement.
ARJAN - CEO of XLoyalitY: Primarily engaged in research activities, NFT projects, marketing endeavors, and the expansion of the XLoyalitY project.
These individuals comprise the core leadership team and serve as CEOs responsible for various facets of XLOYALITY's operations and growth. Notably, their last names are intentionally omitted, potentially to preserve anonymity, a common approach within the cryptocurrency and blockchain industry. This anonymity strategy is often adopted to safeguard the privacy and security of project founders and CEOs, given the industry's high-profile nature and security considerations. Nonetheless, it remains crucial for investors and stakeholders to conduct thorough due diligence and research before engaging with any project, particularly when the identities of team members are not fully disclosed.
What Makes XLOYALITY Unique?
XLoyalitY distinguishes itself in the cryptocurrency space through its commitment to stability and loyalty. By rewarding token holders with weekly incentives rather than conducting traditional airdrops, it aims to create a stable coin that encourages long-term holding. Additionally, its Rugpull Compensation Program showcases a dedication to fair practices and helping victims of fraudulent projects. Active community engagement, respectful communication, and plans for language expansion set a positive tone for the project, fostering user loyalty. XLoyalitY's transparency, both in token distribution and mission, further solidifies its unique character, making it stand out in the crypto world as a project focused on user trust and reliability.
XloyalitY & EXSTO
Currently, XLOYALITY incorporates an extra token within the XRPL network, separate from XloyalitY, called EXSTO, and it is also seamlessly integrated into their overall ecosystem.
What purpose does XLOYALITY serve?
The purpose of XLOYALITY, as described in the provided information, is to serve as a stable and loyal cryptocurrency within the XRPL (XRP Ledger) network. Here are the key purposes that XLOYALITY aims to fulfill:
Stable Coin: XLOYALITY intends to provide stability to its users. Unlike many cryptocurrencies known for their price volatility, XLOYALITY is designed to be a stable coin. It achieves this stability by incentivizing token holders to keep and hold their tokens through a weekly reward program, thereby reducing frequent trading and price fluctuations.
Rewarding Holders: XLOYALITY seeks to reward its token holders for their loyalty and trust in the project. The weekly reward program ensures that those who hold XLOYALITY tokens are compensated regularly for their commitment to the project.
Compensation for Rugpull Victims: XLOYALITY stands out by introducing a Rugpull Compensation Program. This initiative is designed to provide support to individuals who have been affected by fraudulent or scam projects within the XRPL network. By allocating tokens for compensation, XLOYALITY aims to rectify the negative impacts of rugpulls within the cryptocurrency community.
Community Building: XLOYALITY is actively engaged in community building through platforms like Telegram and Twitter. The project aims to create a positive and respectful community environment where users can interact, ask questions, and stay informed about project developments.
Transparency: The project emphasizes transparency in its operations, such as providing a clear breakdown of token distribution (Tokenomics), outlining its mission and vision, and sharing its roadmap. This transparency is crucial for building trust within the cryptocurrency community.
Language Expansion: While starting as an English-speaking community, XLOYALITY has plans to expand its reach by introducing additional languages in the future. This expansion demonstrates its commitment to accommodating a diverse user base.
In summary, XLOYALITY serves the purpose of offering a stable and loyal cryptocurrency experience to its users, rewarding holders for their loyalty, providing compensation for victims of rugpulls, fostering a positive community, and maintaining transparency in its operations within the XRPL network.
Compensation Program
The compensation program outlined in this project aims to protect coin investors from scams and rug pulls within the cryptocurrency space. It operates in several steps, starting with the identification of a rug pull by the developers. Once a rug pull is confirmed, affected coin investors can apply for compensation by registering through the project's website and agreeing to the program's terms and conditions. The compensation is paid in the project's own currency, XLOY coins, and is funded by setting aside 20% of the total coin supply for this purpose. The program differentiates between premium and basic packages for projects, with the compensation program only active for premium package projects. The premium package costs 1000 XRP, and the basic package costs 200 XRP, with no combination possible. Additionally, the program uses color codes (green, orange, and red) to indicate the status of a project's safety and whether the compensation program is active.
Tokenomics
Escrow: 100,000,000,000 tokens
Staff & Marketing: 300,000,000,000 tokens
Pre-Sale: 100,000,000,000 tokens
Airdrop and Giveaway: 500,000,000,000 tokens
Reward Program: Not specified in terms of token allocation
Please note that the specific details of the Reward Program and any potential future plans for token burning are not provided in the information you provided. It's important to check for updates and announcements from XLoyalitY's official channels for any changes.
Related Pages:
Read more about XLOYALITY.
Learn more about XLOYALITY Ecosystem.
Visit XLOYALITY website.
How Many XLoyalitY Are There in Circulation?
There is an initial maximum supply of 818,967,208,540 XLoyalitY tokens, of which an estimated 496,951,031,520 XLoyalitY are currently in circulation as of September 2023.
Where Can You Buy XLoyalitY?
XLoyalitY is a token trading on the XRP ledger DEX, the most straight forward way to acquire XLoyalitY tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase XLoyalitY, 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 XLOYALITY ecosystem, we suggest you follow @xloyality_Army on Twitter.
