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About RXO

RocketXRP Official is a BEP-20 rewards token that pays 5% Binance-Peg XRP token rewards to its holders. Rewards are automatically deployed to holders according to buy and sell volume.The native token, RocketXRP, will function as a utility token in, future P2E gaming. Additionally token holders will be able to unlock premium features & rewards within and outside the RocketXRP ecosystem. Holders are automatically rewarded with reflections in XRP based on volume and holdings.RocketXRP Official exists to develop and manage an ecosystem of innovative, intuitive solutions for an ever-growing DeFi community. RocketXRP offers a multichain bridge, that allows users from 13 different major blockchains to purchase RocketXRP token directly from their website using multiple types of cryptocurrencies including Ethereum, Matic, Polygon and many others without the need of first bridging to BNB. In addition, to the development of games, NFTs will also soon be available which will be launched on the XRP Ledger. RocketXRP will be steadily expanding within the creative landscape of DeFi.RocketXRP Official was launched with a 1 Billion token supply. But with Manual buybacks and burns being constantly done the Circulating supply is rapidly shrinking. Creating an ever increasing price floor and simultaneously increasing the percentage of XRP rewards to the holders.The world of DeFi is rapidly growing in size as well as in innovation, and complexity. At RocketXRP we look forward to and welcome the ever changing future.

RocketXRP Official (RXO) is a cryptocurrency launched in 2023. RXO has a current supply of 859.83M with 0 in circulation. The last known price of RXO is 0.000080216571 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.RocketXrpOfficial.com.

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RXO Price Statistics
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Updated Jun 24, 2024 4:59 am
RocketXRP Official
Mkt Cap $0
There's nothing here for now
Curve Finance Founder's Large Token Holdings Lead to Market Panic
Curve Finance Founder's Large Token Holdings Lead to Market Panic
According to Bloomberg, in the cryptocurrency industry, it's typical for founders to accumulate substantial amounts of their project's native token as a stake in the business. This approach, while promoting transparency and offering a more liquid exit strategy, can sometimes lead to complications. For instance, when executives and venture-capital backers hold significant portions of a token, market liquidity can become scarce when they sell. This has led some to resort to unconventional methods to liquidate their holdings. A recent incident involving Curve Finance founder Michael Egorov serves as a prime example. Egorov's trading of nearly $96 million in stablecoin loans was backed by approximately $140 million of his CRV holdings as collateral. This collateral was spread across several DeFi platforms, including Curve's own LlamaLend. However, when the price of CRV plummeted following the hack of a small DeFi lender this month, the value of Egorov's collateral also fell, forcing his positions into liquidation. This forced selling resulted in millions of dollars in bad debt for Egorov and Curve, and triggered widespread market panic among CRV investors. The value of the coin briefly hit a record low following the liquidation. Egorov subsequently sold more CRV tokens in an over-the-counter deal to cover most of Curve's bad debt. In a statement, Egorov confirmed that he personally repaid most of the bad debt and was committed to ensuring that all users could withdraw their deposits without any issues. This incident highlights the challenges faced by crypto founders and early backers when they attempt to realize the value of their holdings. The market's volatility and immaturity often mean that holdings are too dense for buyers to handle when sold in large quantities. This experimental nature of crypto markets allows for such situations, giving buyers, sellers, and builders the freedom to test the boundaries of finance without traditional rules.
Jun 24, 2024 3:33 am

Frequently Asked Questions

  • What is the all-time high price of RocketXRP Official (RXO)?

    The all-time high of RXO was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of RocketXRP Official (RXO) is 0. The current price of RXO is down 0% from its all-time high.

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  • How much RocketXRP Official (RXO) is there in circulation?

    As of , there is currently 0 RXO in circulation. RXO has a maximum supply of 0.

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  • What is the market cap of RocketXRP Official (RXO)?

    The current market cap of RXO is 0. It is calculated by multiplying the current supply of RXO by its real-time market price of 0.000080216571.

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  • What is the all-time low price of RocketXRP Official (RXO)?

    The all-time low of RXO was 0 , from which the coin is now up 0%. The all-time low price of RocketXRP Official (RXO) is 0. The current price of RXO is up 0% from its all-time low.

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  • Is RocketXRP Official (RXO) a good investment?

    RocketXRP Official (RXO) has a market capitalization of $0 and is ranked #6577 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze RocketXRP Official (RXO) price trends and patterns to find the best time to purchase RXO.

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