Grayscale XRP Trust: An Important Step for XRP

 

Grayscale Investments introduces Grayscale XRP Trust. How does it affect the price of XRP? How does it benefit users? Check out the explanation below.

Grayscale Investments, a company known for its cryptocurrency-based products, has introduced the Grayscale XRP Trust. This product allows accredited investors to invest directly in XRP.

The XRP community, including Ripple CEO Brad Garlinghouse, has welcomed this move.

So, how does the Grayscale XRP Trust benefit users and impact the future of XRP in the crypto ecosystem? Understand in detail by reading this article to the end.

What is the Grayscale XRP Trust?

The Grayscale XRP Trust is an investment vehicle that allows investors, primarily institutional and accredited investors, to participate in the growth of XRP.

Think of it like a special container containing XRP. By purchasing shares in this trust, investors indirectly own a share of the XRP that is in the trust.

The launch of the XRP Trust by Grayscale is considered a significant step for the development of XRP. This shows increased investor confidence in this token and its future growth potential.

Garlinghouse also emphasized that XRP has the potential to attract interest from institutional and retail investors.

Why is the Grayscale XRP Trust Important?

There are several reasons why this project is very important, especially for users, one of which is because it makes it easier to access XRP. See the explanation below for more details.

1. Easy Access to XRP

Not all investors have the technical knowledge or infrastructure required to purchase and store XRP directly.

The Grayscale XRP Trust simplifies this process. Investors only need to purchase trust shares, and Grayscale will manage their XRP holdings.

2. Legitimacy and Trust

Grayscale is a well-known asset management company with a good reputation. By launching the XRP Trust, Grayscale provides additional legitimacy to XRP and attracts greater interest from institutional investors.

3. Growth Potential

XRP has great potential as an efficient cross-border payment tool. If XRP manages to reach this potential, the value of the XRP Trust could also potentially increase.

4. Portfolio Diversification

Investors can use the XRP Trust to diversify their investment portfolio. XRP offers a unique asset class with different profit potential than traditional assets.

Grayscale Plans to Turn XRP Trust Into an ETF

Grayscale has ambitions to turn the XRP Trust into a spot exchange-traded fund (ETF) in the future.

This is in line with steps that have been taken previously with their Bitcoin and Ethereum Trust products.

Impact of XRP Trust Launch on XRP Price

The launch of the Grayscale XRP Trust had little impact on XRP price. When this article was written, XRP had increased by +2.97% bringing the price to $0.5856. This increase is not a rare phenomenon due to the launch of a new project.

However, the existence of this project from Grayscale proves that XRP is indeed a strong digital asset that has received investment from large companies. So, don't be surprised if buy XRP is something that should be taken into account for long-term investment.

Ripple CEO Optimistic about XRP's Future

Brad Garlinghouse, CEO of Ripple, expressed optimism about the future of XRP. According to him, the approval of XRP in the United States will be a key factor in its global expansion.

Garlinghouse believes that with a clear roadmap, XRP will be able to attract the interest of investors from all over the world.

Apart from that, the benefits of the Grayscale XRP Trust are:

1. Increased Liquidity: As more investors become interested in XRP through these trusts, XRP market liquidity will increase.2. Wider Adoption: The XRP Trust can accelerate the adoption of XRP among institutions and large investors.3. XRP Position Strengthening: XRP will be increasingly recognized as a serious digital asset with huge growth potential.4. Innovation Driver: The interest of institutional investors will encourage further development of the XRP ecosystem.

Challenges and Hope

Although Grayscale has plans to convert its XRP Trust into an ETF, this is still subject to approval from the SEC.

However, the XRP community remains optimistic that with a favorable court ruling for Ripple, the chances of getting this approval are greater.

Conclusion

That's the explanation about Grayscale XRP Trust. Grayscale's latest project with XRP is an important step in the development of XRP. With this trust, investors can invest directly in XRP.

Additionally, Grayscale's plans to convert the trust into an ETF indicate greater growth potential in the future. Even though there are still challenges that need to be faced, optimism towards XRP continues to increase along with positive developments that occur.

You can access XRP as a crypto asset on the Bitrue website and learn how to buy XRP. There are various XRP pairs that you can check, such as XRP to USDT, BTC, ETH, to USDC. You can also do a price converter XRP to USD easily on Bitrue. That way, you don't need to bother switching websites just to check how digital assets are priced in USD.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Hamster Kombat Listing Soon, Here's Everything You Need to Know

 

Hamster Kombat has set a listing date of September 26. Ahead of the listing, Hamster Kombat announced that it had reached 55,000,000 users on its Telegram channel.

This article covers everything you need to know to maximize your HMSTR airdrop revenue. Read to the end of this article to understand how to take part in the Hamster Kombat airdrop and everything about the HMSTR listing at the end of September.

Hamster Kombat Price Prediction After Listing

Hamster Kombat gained immense popularity. User enthusiasm for this game is still high today. Hamster Kombat is even expected to achieve success beyond the DOGS listing.

Not surprisingly, there are more than 150 million Hamster Kombat users, making Hamster Kombat the tap2earn game with the biggest income in the web3 industry. Its Telegram followers have increased to more than 55 million users.

Having failed to list several times according to the planned date, Listing Hamster Kombat finally set September 26 as the listing date as Bitrue also will be listing HMSTR/USDT market.

This news certainly makes fans of this hamster-themed game happy.

Following the official listing date announcement for Hamster Kombat, many price predictions emerged. It is estimated that the total supply of HMSTR tokens is 100,000,000,000.

Quoted from holder.io, with an average market capitalization of $785,000,000, the estimated price of the HMSTR token is $0.00785. So, the predicted value of the HMSTR token is between $0.007 and $0.01.

How Can You Participate in the Hamster Kombat Airdrop?

The Hamster Kombat airdrop will launch alongside the listing date on September 26th. After a lot of speculation and predictions about the requirements for taking part in the Hamster Kombat airdrop, finally, several points for taking part in this airdrop event have been released.

In the Airdrop tab, Hamster Kombat has set several tasks to get an airdrop. However, the amount of profit allocated from these tasks has not yet been announced.

Some of the tasks include passive income, earning tasks, friends, achievements, Telegram subscription, and keys.

Keys is a requirement that is a little surprising because the function of this feature was not announced since its initial appearance. To get more keys, you can play the Hamster Kombat Mini Game and other games at the Hamster Kombat Playground.

Cheating Detection with “Cheating is Bad”

It is rumored that there will be a lot of cheating at the airdrop event on September 26, until the launch of the Hamster Kombat mini-game so far, the Hamster Kombat developer has released the Cheating is Bad feature. 

This feature will detect how players commit cheating or other unethical actions. Later, if a player is judged to have cheated, a badge will appear on his profile.

The badge will display a green tick which means the player's account is being monitored. If fraud continues to be detected, the account can be suspended or blocked. 

To celebrate the upcoming listing of Hamster Kombat (HMSTR), Bitrue is launching an exclusive airdrop giveaway. All users who complete trading or invitation tasks can receive HMSTR tokens worth up to 20 USDT

Conclusion

Those are the various things you need to know about the Hamster Kombat listing on September 26. With the listing approaching, keep playing the Hamster Kombat game to get more points and keys to maximize your airdrop earnings later.

Bitrue provides many leaked answers to various Hamster Kombat tasks, such as mini-games, daily combos, to daily chips. So, don't forget to access it blog Bitrue to read the article about Hamster Kombat.

About Bitrue

About Bitrue Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

 

DataLabs Inc. Partners with Singapore-Based Construction-Related Service Provider RATEC Asia to Enter ASEAN Market

  

DataLabs Inc. has entered a partnership with RATEC Asia Pte Ltd. and will begin providing its 3D rebar inspection system "Modely" to construction companies in Singapore and the ASEAN region.

DataLabs Inc. has entered a partnership with RATEC Asia Pte Ltd. and will begin providing its 3D rebar inspection system "Modely" to construction companies in Singapore and the ASEAN region. DataLabs is a startup that provides products utilizing automated 3D modeling (Scan to BIM) technology, and RATEC Asia is a provider of sales and implementation support for specialized equipment and solutions in the construction industry in Asia.

1. Background and Purpose

Challenges in Singapore’s Construction Sites and Expectations for "Modely"

Today’s construction industry emphasizes sustainability and efficiency. The precast construction method, where building components are prepared in factories and assembled on-site, is gaining importance from the perspective of quality control and time reduction.

The demand for construction in Singapore has been on the rise in recent years, and the precast construction method has become more prevalent and widely used for various applications. However, this has also highlighted certain challenges. In particular, the current situation requires thorough inspections by specialized inspectors after the completion of rebar work. This often leads to inefficiencies in the inspection process, causing delays that frequently affect project timelines.

"Modely" is a system expected to address these challenges. It utilizes 3D data to capture comprehensive information and is the only 3D rebar inspection system capable of automatically registering design values using rebar BIM and conducting automated inspections by comparing with the as-built model. It will support thorough inspections and BIM utilization in Singapore and allow for remote inspections of rebar arrangements to ensure they meet design specifications without requiring inspectors to be on-site, resulting in benefits such as reduced timelines and improved quality.

2. Background and Purpose

Expansion of "Modely" in Singapore and the ASEAN Region

The construction industry in Singapore has been actively promoting digital transformation (DX) through collaboration with the government. The Building and Construction Authority (BCA) has made the use of BIM mandatory for design and delivery, indicating a strong foundation for the utilization of rebar BIM. Since the COVID-19 pandemic, the BCA has also been promoting remote inspections, and expectations for "Modely" have heightened toward achieving further digital transformation.

"Modely" received the Startup Encouragement Award at the 2023 Infrastructure DX Awards and has been adopted by over 100 companies, establishing a strong track record in Japan. Through its partnership with RATEC and collaboration with the BCA, the company aims to further accelerate the deployment of "Modely" across ASEAN countries. The company is working to register and standardize the system as a remote inspection tool for rebar inspections, with the goal of expanding not only within Singapore but also throughout the ASEAN region.

3. About RATEC

RATEC Asia Pte Ltd. was established in 2017 as a private limited company headquartered in Singapore. It is a member of the globally recognized RATEC Group, known for its magnetic formwork technology and other advanced precast concrete production solutions. The company has a strong foundation in wholesale and distribution of innovative solutions for the precast concrete industry and operates across numerous Asian countries. It offers various products and services that contribute to digital transformation (DX) in the construction industry.

4. Comment from RATEC CEO Raymond

When we first encountered Modely at CSPI 2024, it immediately stood out from other solutions we’ve seen. The ability to create precise 3D models simply by scanning with an iPad is incredibly appealing.

Experiencing Modely’s capability to accurately measure and document rebar spacing, we quickly recognized its potential as an invaluable tool for enhancing remote inspection and supervision, which could elevate these processes to new heights in Southeast Asia's Built Environment.

While Modely is still in its development and optimization phase in Southeast Asia, we’re confident that the team at DataLabs Inc. will continue to refine it, improving the user experience over time. This progress will be driven by end-user feedback, ensuring that together, we make Modely even better for everyone.

5. Comment from DataLabs CEO Tajiri

From the moment we met, RATEC understood Modely's values and spoke enthusiastically about our partnership in the ASEAN region. Through our multiple web and in-person meetings and discussions, we were able to build a strong relationship of trust in a short period of time. They are willing to work with us to develop the product by getting a variety of feedback, and I believe that we share the same mindset.

We are very excited to be partnering with RATEC, who are professionals in the construction industry and have established relationships with key stakeholders in the ASEAN region, and we look forward to further developing this partnership in the future.