aaaand THIS right here is why the next gen copper reserve will be BASED, no one is on xrp.
a little bit about the genesis reserve and xrpl
Genesis Reserve was launched using FirstLedger on XRPL.
xrpl is fast
it also is a vast wasteland of scammers and renegades.
having said that, there are some really great people I met on the network. some helped me at a time when i needed it and they even turned down an offer to compensate them. they're doing their part fighting the good fight. however, for the reserve; the network is too reliant on code. not enough builders on there. not enough of a structure.
i can see the push happening, but it's still really early on XRPL.
(if I can say how that its interesting that so many people my age and not on chain only know of BTC and XRP. "bro i dont get into crypto, but i got some ripple"
i don't know who is doing the marketing for them, but they are on a blockdag level marketing tier, kudos to them.)
the token was named SCRxrp. by launching it on firstledger i pretty much had no control over the token.
now the token are slowly being burned. 6570 tokens exit from the original 9296. now each token of SCRxrp is equal to 1.66 ounces of copper.
and like you see from the cast below, i cant even give it away.
so the NEXT GEN Copper Reserve is def BASED.
a little about the next gen reserve
the next gen reserve tho I want total control so that I can keep the integrity of the token. this isnt some decentralized play, it is centralized around a giant stack of copper, and I'm watching over it.
it will be a more sophisticated token that represents real copper. once i reach my benchmarks of getting listed I will want to reach out to real world businesses and incentivize them to use the token or at least accept it in commerce.
the goal: to make copper more accessible to consumers.
the solution: my NEXT GEN Copper Token
as for the SCRxrp token on XRPL... it will become a kind of utility token. the genesis reserve will alway be 682 lbs. it will NEVER go away.