We're proud to announce that "The Integrators" (legal entity behind "XRPL Labs", creators of @XummWallet, successfully registered with the Dutch Central Bank (DNB) in line with regulations relating to cryptocurrency to fiat currency trading.
https://t.co/w2fXMTGNKE
#RippleNet General Manager said that you could think of #Ripple Liquidity Hub as an aggregator for various liquidity venues and individual assets, the way that Google Flights is for airlines and flights
https://t.co/LzBhnZGS7t
I’ve received some great screen shots on new version enhancements I’ll share in next video-you’ll love the new version vO.2.4 for Songbird delegation. Download available to about 25% Android & roughly 5% for ios- takes just a few days for everyone to see in appstore & play.
I have some explaining to do.
The past couple of days were challenging when it comes to the @XummWallet / XRP Ledger infrastructure I'm responsible for.
The amount of XUMM users & clients connected to https://t.co/4BHoKoRH1D has been rising and rising. Scaling was required.
1. Some tokens are legit, some are not – no matter what, we do not have the resources to vet every single project. If a token was “rug pulled”, your best option is to contact the police – and please read this thread: https://t.co/R6vnrgAzMb
2. For “rug pulled” tokens, we are working closely with industry partners and peers to locate accounts used to issue, promote, wash trade, and/or otherwise associated accounts, flag these in our advisory list, and report to authorities where applicable. This is already happening.
3. The uncritical distribution models favored by token issuers, sharing tokens to accounts who have set up trustlines, have birthed a whole new problem: we call them airdrop farmers – groups setting up thousands of accounts and trustlines for the various token projects.
The primary motivations for “airdrop farming” are a) the more trustlines a project has, the more legit it appears, or b) the more airdrops the accounts receive, the more they can potentially scrape together for a potential profit. These motivations are addressed in two ways:
a. We are working with other developers, and recommend anyone providing tools for the XRPL, to tone down messaging of the number of trustlines for any token, or not even counting zero-balance trustlines in a total.
b. We are monitoring the XRPL for accounts created and used by airdrop farmers, to provide an API for token projects to use, when distributing airdrops, e.g. for avoiding sending airdrops to farmers. This API covers more than 50,000 accounts at this moment.