XRP Ledger

The XRP Ledger (XRPL) is a decentralized, public blockchain led by a global community of businesses and developers looking to solve problems and create value.

The XRP Ledger (XRPL) is an open-source, decentralised blockchain technology that provides a fast and energy-efficient mechanism for facilitating digital asset transactions. It was created by Ripple and it’s native cryptocurrency is XRP. The XRPL is designed to enable instant and low-cost international payments, supporting a wide array of financial transactions and tokenisation use cases beyond just the transfer of XRP.

One of the key features of the XRPL is its ability to support the issuance of custom tokens. These tokens can represent various types of assets or values, such as fiat currencies, cryptocurrencies, commodities, or any other unit of value that a user or organisation wishes to tokenise.

A utility token on the XRP Ledger refers to a type of custom token that is issued for specific use within a particular ecosystem or application. These tokens are designed to provide users access to a product or service offered by the platform or app that issues the token.

The EQL Utility token serves a functional role, granting holders access to web3.0 features of EQLX like Digital Signatures & Super Likes. The EQL Utility Token has an unlimited supply and is designed for exclusive use on the EQLX platform.

The EQL Token utilises the XRP Ledger built in feature of trust-lines to disperse tokens based on user actions on EQLX.

Learn more about the XRP Ledger