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HomeCrypto NewsMarketXRP Name Service to Airdrop Tokens on XRPL EVM Sidechain

XRP Name Service to Airdrop Tokens on XRPL EVM Sidechain


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The firm held a private sale in March. 

Blockchain name services are quite popular in crypto as they allow for easier and less error-prone transactions by replacing long and confusing wallet addresses with readable and sometimes catchy text. In addition, they have also become status symbols in some spaces and have been popularized by industry leaders, particularly in the Ethereum community. 

XRP Name Service, formerly called Ripple Name Service, came to the scene in December, promising to bring the same benefits to users of the XRP Ledger. After conducting a private sale in March, the firm has now released frequently asked questions (faqs) in a thread to answer key questions about the project likely before it launches a public sale in Q2 per its roadmap released in February.

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Source xnsxrp

The team reveals that it plans to carry out an airdrop. However, it is unclear what the qualifying criteria would be or whether it would be an airdrop for all XRP holders. XRP Name Service could not be reached for comment on this.

Nonetheless, what is clear is that the team plans to launch this token on Peersyst’s proposed XRPL Ethereum Virtual Machine (EVM) compatible sidechain. According to XRP Name Service, this would allow users to bridge to Ethereum and allow interested Ethereum users to easily get involved.

Notably, the EVM sidechain was initially set to launch early this year. However, as highlighted in a recent report, the XRPL sidechains project has undergone some changes, prompting fresh testing. Consequently, the timeline for the launch of the EVM sidechain has likely been impacted.

Peersyst is yet to respond to a request for comments at the time of writing. 

So far, the project has begun to gain traction and receive support from community influencers.

It is worth noting that XRP Name Service has no known affiliation with Ripple.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Okoya David
Okoya David
Okoya David Kio is a crypto enthusiast passionate about understanding what makes the nascent market tick. When he's not pondering about cryptocurrencies, you might find him in a BP debate room trying to proffer solutions to age-old societal problems.

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