Singapore-based crypto exchange Bitrue recently made a significant announcement, sending waves of excitement through the XRP community. Bitrue revealed its support for the upcoming Xahau network, a smart contract sidechain built on top of the XRP Ledger (XRPL), and the impending listing of its native token, XAH (formerly XRP+).
This news has captured the attention of XRP enthusiasts eagerly anticipating what this partnership might bring to the ecosystem.
📢 ATTENTION TO ALL #XRP fans
💎 Coming up: $XAH Mint Event and Token Listing on #Bitrue
📖 @XahauNetwork is a innovative smart contract sidechain within the #XRPL ecosystem
🚨 Stay tuned for more updates and details. Don’t miss out! pic.twitter.com/EaXWppeRBA
— Bitrue (@BitrueOfficial) October 27, 2023
Bitrue has shown commitment to XRPL and the XRP community through its support for new coins on the network. Bitrue has also always supported new features and platforms with promising products like its support for EVRS, Evernode’s native token, and the EVRS airdrop snapshot in early September.
EVRS will be built on the Xahau Ledger, and Bitrue’s support for EVRS demonstrates consistent involvement in and support for projects closely associated with the XRP ecosystem.
The Xahau Network
The Xahau network gained prominence when it was unveiled in the joint launch of the Xahau whitepaper in late August alongside XRPL Labs, Evernode, Alloy Network, and other contributors.
In an update shared on October 21, Evernode indicated that the launch of the Xahau network was drawing near, with the completion of a milestone in the Hooks v3 audit process. This progress signals that the Xahau network is inching closer to becoming a reality, generating a sense of anticipation within the XRP community.
Although the Xahau whitepaper has been unveiled and progress is being made, there has been no official communication regarding the network’s official launch. This distinction is crucial to avoid misconceptions or misinformation within the XRP community.
At this stage, Xahau and its associated token, XAH, have not been launched. This implies that they can’t be traded or used. Bitrue’s announcement is in anticipation of the launch, and investors and enthusiasts should exercise caution and ensure they have accurate information to make informed decisions.
Community members also need to be cautious about claims of airdrops, giveaways, or opportunities to acquire XAH before its official launch.
As the community eagerly awaits the network’s introduction, it’s vital to remember that these tokens are not yet available for distribution or trading. In the cryptocurrency space, scams and fraudulent activities are not uncommon, so XRP holders need to safeguard their private keys and refrain from sharing them with anyone.
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