All assets other than XRP can be represented in the XRP Ledger as tokens. These tokens serve diverse purposes, from facilitating payments to enabling decentralized trading.
Understanding Tokens
Fungible vs. Non-Fungible Tokens
- Fungible Tokens: Interchangeable units (e.g., stablecoins, community credit). Used for cross-currency payments and trading on the decentralized exchange.
- Non-Fungible Tokens (NFTs): Unique digital assets (e.g., art, collectibles).
👉 Explore XRP Ledger’s Token Capabilities
Stablecoins
Stablecoins are pegged to external assets (e.g., fiat currency) and issued on the XRP Ledger. Key features:
- Value Stability: Backed 1:1 by reserves.
- Use Cases: Remittances, trading, and savings.
Community Credit Systems
Track debts among trusted parties using:
- Rippling: Automatically settles mutual obligations.
- Paths: Complex payment routes across multiple trust lines.
Other Token Use Cases
- Initial Coin Offerings (ICOs): Fixed-supply tokens for fundraising.
- Regulatory Compliance: Ensure adherence to local laws before issuance.
Token Properties
| Feature | Description |
|---|---|
| Trust Lines | Tokens exist only within pre-approved account limits. |
| Transfer Fees | Issuers may charge fees (e.g., 0.1% per transaction). |
| Freezing | Issuers/accounts can restrict token movement. |
| Decimal Precision | 15-digit accuracy, supporting values from 10⁻⁸¹ to 10⁸⁰. |
FAQ
Q: Can tokens be converted to XRP?
A: Yes, via the decentralized exchange.
Q: How do I issue a token?
A: Send a Payment transaction after establishing trust lines.
Q: Are NFTs tradeable?
A: Yes, on NFT marketplaces within the XRP Ledger.
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