After Bitcoin and Ethereum, if any other crypto asset were to define the next leg of the bull run today, it would be XRP.
Another institutional favorite, XRP, has been in the news a lot lately for its native stablecoin RLUSD, its win in the SEC case..
Matching XRP’s development pace and real-world utility is another RWA altcoin, Avalon X (AVLX). Avalon is giving real asset tokenization a new makeover, with utility-based participation,
Can XRP Price Really Reach $5 This Cycle?
Jerome Powell, the SEC Chief, recently made remarks on interest rate cuts that had the crypto market overjoyed. XRP saw a fivefold increase in volume and a 9% rally, after which the token settled at $3.10.
Interestingly, Ripple’s RLUSD combined with the XRP token has been welcomed with open arms by the institutions. RLUSD is made for enterprise-level use cases, and XRPL’s integration with other stablecoins, including Circle’s USDC, has indicated a huge potential for further institutional adoption.
Evidencing that, XRPL on-chain volumes spike by 500% despite whale activities. Plus, the closure of the XRP vs SEC case has granted further clarity on Ripple’s legal status. All these factors have worked in favor of the 3rd largest token.
What Makes Avalon X Different from Other RWA Platforms?
The real estate sector is a $374 trillion worth of opportunity waiting to be explored. The current breed of RWA platforms focuses on selling ownership stakes via tokens, which looks promising on the outside.
But in actuality, the implementation is far more complex and difficult. Real-world, immovable assets cannot be moved on-chain in a jiffy. The need for real-time updates becomes necessary to keep the on-chain data in sync with the real world. Moreover, the real estate sector itself has huge upfront costs, complicated regulatory requirements, and limited accessibility.
Avalon X flips the conventional idea of real estate tokenization and introduces AVLX tokens as utility tokens. By doing so, Avalon X attaches perks, staking rights, and other priority concierge services for holders. This means anyone holding AVLX tokens can enjoy discounted stays and exclusive perks at Grupo Avalon resorts and completed projects.
Secondly, Avalon X tokenizes the already existing properties worth $548 million in the Dominican Republic. Near $1 billion worth of real estate projects are in the pipeline. The group also has plans to expand its presence in Santo Domingo and Punta Cana.
Early investors can also get a chance to win $1 million AVLX in a giveaway if they invest $100 or more, or they can also participate in a townhouse giveaway for an Eco Valley townhouse if they invest $250 or more.
Here’s a demo video of the townhouse: Eco Valley Townhouse Giveaway
Avalon X places high significance on transparency and security. For that, all its smart contracts are currently under audit by Certik. Similarly, every future upgrade will have to go through a third-party audit check.
Which Project Offers Better Long-Term Potential?
XRP is playing on its home ground and delivering blockchain-powered payments to hundreds of banks.
Avalon X, on the other hand, is establishing a battle-tested use case in the rather experimental real-estate tokenization realm. Avalon X’s utility-driven motives empowering users, will work in favor of the project in the long run. The project’s already gathering speed, and might soon become the go-to infrastructure for real estate tokenization that actually works.
Join the Community
Website: https://avalonx.io
$1M Giveaway: https://avalonx.io/giveaway
Telegram: https://t.me/avlxofficial
X: https://x.com/AvalonXOfficial
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