XPMarket is the largest website tracking the entire ecosystem. It is built on top of the XRP Ledger and presented in a classic and user-friendly format. XP Market aims to make the XRP Ledger and its ecosystem discoverable and easy to use, enabling the retail and development communities with unbiased, high-quality, and reliable data. Aside from tracking essential parameters such as price, volume, and market capitalization, XPMarket provides a better understanding of community-related indicators and connects additional DeFi elements for a seamless and consistent experience.

What is XPMarket?

XPMarket is a dynamic and comprehensive platform methodically created to change how users engage with digital assets on the XRP Ledger (XRP). It links the complex world of digital assets and users, simplifying the process of discovering, trading, and managing XRPL tokens and NFT collections. The platform is based on user-centered design and innovative technologies. It provides a wide range of tools and features for both new and seasoned users. XPMarket allows users to effortlessly traverse the often complex and unpredictable digital asset markets, making it an indispensable tool for anyone interested in the XRPL token and NFT industry.

One of XPMarket’s distinguishing advantages is its ability to provide extensive data for XRPL tokens and NFT collections. Users can access much information, including price fluctuations, market capitalization, volume data, and Twitter followers. This tool enables users to make informed decisions using real-time data. In addition to analytics, XPMarket provides strong trading tools. The platform includes a PRO DEX for professional trading and a Quick Swap function for quick deals, meeting the needs of all sorts of traders.

Furthermore, XPMarket offers a specific portfolio management tool. Users may monitor, manage, and optimize their portfolios, obtaining insights into token performance and profit/loss analysis. This function is very valuable for those who want to monitor their investments and make modifications as needed. Finally, XPMarket has an insights component that delves deep into market trends, capitalization, volume, issuer earnings, brokerage earnings, and much more. This tool is intended to keep consumers informed about the latest market changes and trends.

Background of XPMarket

XPMarket is a complete Web3 platform that enables user engagement with digital assets on the XRP Ledger (XRPL). Artur Kirjakulov, Arminas Keraitis, and Audrius Vrubliauskas, XPMarket’s co-founders, have a long history of working together in the tech industry, extending back to 2017. XPMarket, founded in 2021 and headquartered in Panama City, Panama, provides a gateway to the XRPL ecosystem by providing a decentralized exchange (DEX), an NFT marketplace, and tools for tracking and managing XRPL tokens and coins.

Dr. Artur Kirjakulov has been actively involved in the blockchain and cryptocurrency sectors since early 2017, establishing himself as an industry specialist. Arminas Keraitis is well-known for his remarkable organizational skills and technical leadership. Audrius Vrubliauskas has over 14 years of experience in a variety of positions. He started his career in 2006 as a production designer at Signs Express Ltd. In 2007, he joined Forticom as a web designer. In 2011, he was appointed Head of Marketing and Communications at Locatory.com. From 2012 until 2014, he was the Head of Digital Marketing for Way of Brave.

XPMarket has formed partnerships with many firms to boost its position in the blockchain field. In 2022, XPMarket got a $50,000 grant from XRPL to help expand the XRPL ecosystem. The platform has collaborated with several blockchain groups and venture capital partners to strengthen its market presence and technological capabilities. The startup has raised over $1 million in private capital to support platform advancements and ecosystem growth. XPMarket has designed its tokenomics to enable sustainable development, specifying token allocations across several fundraising rounds and operational requirements to align with long-term aims. XPMarket investors include Ripple Labs Inc., Upnaut Ventures, and Top Traders Ventures (TT Ventures).

Features of XP Market

Data Analysis

XPMarket utilizes sophisticated data analysis and visualization tools to process and present large volumes of data, primarily from the XRPL and additional trusted financial databases. These tools are critical to the platform’s ability to provide users with invaluable information about the digital asset market. The solutions are designed to manage complicated and large-scale data sets, and they use modern algorithms and statistical methodologies to ensure the highest levels of accuracy and reliability. They can process real-time and historical data from the XRPL, providing detailed insights into market movements, token performance, and other vital parameters.

The visualization tools transform the analyzed data into accessible visual formats, such as charts, graphs, and tables. While the visualizations are standardized for consistency, they are designed to be intuitive and easily comprehended, allowing users to spot patterns and trends immediately. Moreover, the tools are interactive, allowing users to zoom into specific time frames on charts or apply filters to focus on particular types of tokens, thereby enhancing the user experience. XPMarket’s data analysis and visualization tools are essential in providing accurate and real-time insights to users. This enriches the overall user experience on the platform and positions us as a leader in the digital asset space.

Security

Security is a vital feature of XPMarket. As a non-custodial platform, XPMarket does not hold user cash and cannot access private keys or seed phrases. Because user assets are not stored centrally, this approach reduces the risk of security breaches by definition. However, XPMarket still employs several measures to ensure the platform’s integrity and protect user data:

• Encryption Technologies: All communication and data on the platform are protected by encryption technologies. This ensures that any data transmitted over the platform, such as transaction details or personal information, is safeguarded from unauthorized access.
• Secure Wallet Technology: Users interact with XPMarket through their secure wallets. This decentralized approach to asset management ensures that users always have complete control over their digital assets.
• Security Best Practices: XPMarket encourages users to follow security best practices, such as keeping their private keys and seed phrases secure and offline, using hardware wallets for significant assets, and being vigilant about phishing attempts.

While XPMarket’s non-custodial nature improves security, the platform still takes various precautions to protect user information and ensure the integrity of its services.

AI Implementation

The XPMarket platform is uniquely positioned at the intersection of advanced technology and user-centric design, mainly due to the strategic use of artificial intelligence (AI). This technology enhances the user experience, providing features and capabilities that distinguish us in the digital asset space. Firstly, the platform takes the difficulty out of search engine optimization with AI-driven SEO production and content descriptions. This feature makes it easier for users to discover and engage with the platform and engage while providing relevant and insightful content.

Regarding data analytics, XPMarket AI algorithms sift through massive amounts of real-time and historical data from the XRPL and other reputable sources and provide a rich tapestry of practical market information that allows users to make informed decisions, whether they are day traders or long-term investors. The XPMarket website also offers daily market reviews using powerful text and voice synthesis technology. These reviews are like having a personal market analyst available at users’ fingertips.

Technology by Design

The XPMarket platform is built with a significant emphasis on user experience, aiming to deliver a fluid and straightforward interface for users of all skill levels. The platform’s UI/UX design ensures that users can quickly explore and take advantage of its features. The user interface (UI) of XPMarket is intended to be clean, intuitive, and simple to use. The platform’s layout is designed to make the most frequently used functions easy to access. Information is given clearly and with visual aids such as icons and illustrations to help readers understand. The platform employs a similar color scheme and font, creating a visually appealing and cohesive user interface. The design of the XPMarket is responsive, which means it adjusts to various devices and screen sizes. Whether a user accesses the platform via a desktop, tablet, or mobile device, the interface changes to deliver the best viewing and interaction experience. This ensures that consumers may use XPMarket successfully on any device. The user experience on XPMarket is intended to be smooth and efficient. The platform provides clear instructions and assistance, allowing users to understand how to use various functionalities easily. The platform also prioritizes speed and performance, ensuring users can quickly complete tasks and retrieve information. Furthermore, XPMarket is meant to be dependable, with mechanisms in place to ensure the platform functions appropriately.

The Technology of XPMarket

XPMarket is based on the XRP Ledger, a decentralized blockchain system that facilitates the movement of digital assets. The XRPL is an open-source blockchain technology designed to process many transactions rapidly and efficiently, with a typical settlement time of 3-5 seconds. This is far faster than most other blockchain systems, making it an excellent foundation for a platform like XPMarket. The XRPL also has a decentralized exchange (DEX) that enables users to trade any pair of issued assets. This contains the XRP Ledger’s original digital currency, XRP, as well as additional issued tokens tracked by XPMarket. The DEX is an essential component of the XRPL, and XPMarket uses it to provide real-time trading capabilities.

Furthermore, the XRPL validates transactions using an “XRP Ledger Consensus Protocol” rather than the energy-intensive proof-of-work used by specific other blockchains. This increases the XRPL’s environmental friendliness and long-term sustainability. XPMarket uses the XRPL to deliver real-time updates on XRPL tokens and NFT collections, guaranteeing that users can access the most accurate and up-to-date information. Furthermore, the XRPL’s speed and efficiency allow XPMarket to deliver a seamless and responsive user experience even during peak market activity.

Products of XPMarket

Token Top

The Token Top is a unique feature that works similarly to coinmarketcap but is tailored particularly for XRPL tokens. It gives consumers a thorough overview of the top 100 XRPL tokens and their associated information. This covers the price in USD and XRP, price fluctuations in the previous 24 hours and 7 days, market capitalization, the number of wallets and trust lines, DEX and total volume (including CEX volume), and the number of Twitter followers. Individual token pages provide users with more specific data, such as price/volume/rank charts, token information, a list of exchanges and their pricing, and a distribution pie chart of tokens in wallets. This function benefits those who want to monitor the performance of various tokens on the market. It provides a more focused and detailed picture than equivalent capabilities on other platforms, making it an invaluable resource for anyone interested in the XRPL token market.

NFT Collections

XPMarket provides a solution for NFT collections. Users can access the collection’s name, floor price, volume, valuation, sales, asset count, number of unique holders, and Twitter followers. Collection pages include thorough information and a table or gallery view of each collection’s NFT tokens. This tool allows users to explore various NFT collections and learn about their performance. It also enables NFT creators to promote their collections and attract a larger audience. This feature serves a unique demand in the NFT market: a platform that delivers thorough and reliable information on various NFT collections.

The NFT webpage is divided into two sections. The left-hand part (30% of the page) shows a larger image of the NFT and its metadata, description, and attributes. The right-hand section (70% of the page) contains the token’s name, collection data, issuer and owner wallet addresses, bid and offer information, price history, and transaction history. This extensive information enables consumers to understand each NFT thoroughly, allowing them to make informed judgments when buying or selling them. This feature distinguishes XPMarket from other platforms by providing a detailed and user-friendly interface for discovering particular NFTs.

Trading

XPMarket’s trading functionality includes the PRO DEX and Quick Swap features. The PRO DEX offers comprehensive data and tools for professional traders, including advanced charting, order types, and real-time market data. This feature is designed for experienced traders who require a comprehensive and powerful trading platform. In contrast, the rapid swap provides a basic, uncomplicated interface for rapid trades. It is perfect for newcomers or users who desire a more straightforward trading experience. These trading features cater to the unique needs of the digital asset market, offering a comprehensive solution for customers with varying trading preferences and experience levels.

Trade XPM tokens on XPMarket’s DEX for smoother transactions and increased security. XPM is a valuable asset in our decentralized exchange, giving users access to exclusive trading features and premium tools.

XPMarket Swap provides a decentralized exchange experience, allowing users to swap XRP and XPM (XPM). Engage with the platform to receive real-time price updates and trade efficiently.

Automated Market Makers (AMMs)

Automated Market Makers (AMMs) on XRPL are decentralized tools that enhance trading using liquidity pools for asset swaps. Each AMM maintains a pair of assets, allowing seamless exchanges based on real-time market dynamics. Participants can contribute to these pools, receiving LP tokens in return, which signify their stake and involvement in the pool’s operations. This innovative approach facilitates a more efficient trading experience within the XRPL ecosystem.

To offer the most accurate and helpful portrayal of the AMM ecosystem, XPMarket uses filters to exclude pools with inflated metrics. Our calculations focus on the top 100 tokens in our Token Ranking, offering information on inflows, outflows, Total Value Locked (TVL), and trading volume for these key assets. Traders must remember that these calculations do not include pools containing tokens outside the Top 100.

The AMM Treemap and Heatmap Visualization provides an immersive visual analysis of AMM dynamics inside the XRPL ecosystem using treemaps and heatmaps. These visualizations depict market activity, ranging from price movements to volume fluctuations, providing a bird’s-eye view of asset distribution and performance. It’s an excellent resource for anyone who understands complex market dynamics through intuitive graphical representations.

Portfolio

The Portfolio component, which includes token performance and profit/loss analysis, is a tool for monitoring, managing, and optimizing your portfolio. It offers detailed information on your tokens, orders, and NFTs. Users can examine their tokens’ performance over time, follow their orders, and calculate their profit or loss. This tool gives customers a complete portfolio perspective, allowing them to make more informed decisions and optimize their investing plans. This feature solves a prevalent issue in the digital asset market by offering a simple and effective solution for portfolio management.

What is XPMarket Token?

XPMarket’s tokenomics revolve around the XPM token, which functions as a utility token inside the platform’s ecosystem. The XPM token is not designed to be a digital money, security, commodity, or financial instrument. Its primary goal is to make using services available on the XPMarket platform easier.

Token Utility

The XPM token has various utilities on the XPMarket platform:

• Rewards & Incentives: Users can earn XPM tokens by participating in various educational activities on the platform. This involves accomplishing duties and making contributions to the community. Rewards can be obtained in the form of XPM tokens or NFTs.
• Access to functions: Some functions and services on the platform will demand payment in XPM tokens and/or ownership of a certain number of XPM tokens in the user’s wallet. This could include access to specific platform tools and services, such as Launchpad, Auction, PnL calculator, and Portfolio View expansion.
• Governance: In the future, XPM token holders can participate in the platform’s governance. This may include voting on suggested changes and suggesting new features. The governance will not offer project ownership rights but allow users to provide input and suggestions on future developments.
• Fees discount: With the introduction of the XLS-56d amendment, token holders will benefit from lower UI fees while using XPMarket DEX, Swaps, AMM, and NFTs. The fee savings will be tiered, depending on the number of tokens.

Tokenomics

The project’s tokenomics are intended to promote long-term sustainability and community involvement. This document describes the allocation of tokens across several fundraising rounds and operational requirements. Each part has been carefully designed to match the project’s aims and objectives.

Community incentives:

• Allocation: 35% of total supply.
• Unlock Schedule: Milestone-based, with quarterly unlocks for at least four years.

Liquidity and reserve

• Allocation: 10% of total supply.
• Unlock Schedule: 0% at TGE. The release of the tokens is contingent on AMM DEX’s technical readiness for XRPL. Once launched, tokens will be held in AMM’s liquidity pool for two years.

Partners:

• Allocation: 5% of total supply.
• Unlock Schedule: 0% at TGE; complete unlock after 12 months.

Team:

• Allocation: 75,000,000 tokens (15% of the total supply).
• Unlock Schedule: 6-month cliff, followed by 15 months of linear monthly unlocks.

XPMarket’s tokenomics are designed to make using the platform’s services easier. The XPM token functions as a utility token in this ecosystem, allowing users to participate in platform activities, get access to specific features, and potentially contribute to platform governance.

Conclusion

XPMarket is more than just a trading or data platform; it is a comprehensive ecosystem meant to grow alongside the XRPL market. The XPMarket platform integrates trading, information, and portfolio management into a single interface, reducing fragmentation and inefficiencies. Users receive real-time, trustworthy data to make informed decisions, while newbies benefit from a streamlined experience. Advanced tools provide a complete asset picture, allowing for efficient portfolio optimization.