[DRAFT] XRP, XLM, PAXG SIP 1: Incentivize Community Adoption
This SIP draft does not serve as a final path of action. Works detailed here will require core team development hours.
- Introduction of the XRP token from Ripple Labs available for trading
- Introduction of the XLM Stellar Lumens available for trading
- Introduction of the PAX Gold (PAXG) available for trading
Many active Sovryn’s would benefit from the addition of XRP, XLM, PAXG trading. In addition, the Sovryn Platform would instantly become more appealing towards new investors. The fan base for the XRP token has proven to be unshakable. Furthermore, several investors are currently unable to purchase the XRP token on their local centralized exchanges. This is due to the on-going SEC lawsuit.
It has become increasingly obvious that regulations for the entire crypto space is on the way.
The XRP token will be one of the first tokens to have clear guidelines regarding its status being a commodity or security.
Regardless of the outcome of the SEC Lawsuit, the Sovryn Platform welcomes traders from all over the world to participate in the purchase and sale of the XRP token.
The XLM token, owned by Jed McCaleb, who founded and served as the CTO of the company Ripple (XRP) until the year 2013, started the crypto currency named Stellar (XLM).
The XRP fan base; is directly connected to the Stellar Lumens.
Millions of users would appreciate the ability to trade XRP & XLM in a noncustodial, and permissionless wallet; such as The Liquality Wallet.
This will inadvertently garner the attention of users, and result in the increase of popularity of the SOV, FISH, MYNT, & ZERO tokens. In addition to the exclusive stable coin backed by Bitcoin (Dollar On Chain) (DoC).
Please consider these additions to the Sovryn Platform by sending it for a vote.