🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The Orderly proposal plans to use 60% of the net transaction fees for ORDER buyback and adjust the rewards mechanism.
PANews reported on August 26 that according to Orderly community proposal #2, the project plans to use up to 60% of the net transaction fees for the periodic repurchase of ORDER Token, which will be allocated into two parts: 50% will be awarded to stakers in the form of esORDER (with a 3-month linear unlock), and 50% will be deposited into the community governance Wallet, with its future use (such as burning, liquidity guidance, or incentives) to be decided through governance. In addition, the existing USDC-based stake rewards system will be replaced, allowing stakers to withdraw existing USDC funds while retaining their rights. At the same time, the VALOR mechanism will be adjusted to be linked with esORDER rewards, ensuring that the rights of stakers are preserved during the transition.