Inspired by Ripple's Original Name
Open Coin is a token inspired by the original name of Ripple, which was used from the company's inception in 2012 until it rebranded to Ripple Labs in 2013. This rebranding marked a significant shift, but the core vision of transforming global payments and creating an open financial system remained unchanged. By adopting the Open Coin name, we aim to honor Ripple's early legacy while contributing to the ongoing development of the XRP Ledger and its ecosystem.
Open Coin aims to create a more decentralized future by building on the advancements made by Ripple, a company known for its innovative approach to blockchain technology. The XRP Ledger is a powerful tool for reshaping global financial systems, and Open Coin is here to support that vision.
For more information on the history of Ripple and its rebranding, you can read more here:
Ripple Labs Wikipedia.
To learn more about Ripple's official mission, visit their website:
Ripple Official Website.
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How to Buy Open Coin
Follow these simple steps to start holding Open Coin:
Step 1: Create a Wallet
We recommend using the XUMM wallet, which is designed for the XRP Ledger. You can download it for both Android and iOS through their official app stores. XUMM is the most trusted and popular wallet for XRP Ledger-based tokens.
Step 2: Get XRP Balance
In order to purchase Open Coin, you will need XRP in your wallet. You can buy XRP from an exchange and transfer it to your XUMM wallet, or use the wallet’s integrated feature to buy XRP directly.
Step 3: Go to a DEX on the XRP Ledger
Once you have XRP in your wallet, visit a decentralized exchange (DEX) on the XRP Ledger, such as XRP Toolkit or Sologenic DEX. Connect your XUMM wallet to the platform.
Step 4: Swap for Open Coin
Search for the Open Coin ($OPEN) token on the DEX. Ensure you are using the correct contract address. Swap your XRP for Open Coin, follow the instructions in your XUMM wallet to confirm the transaction, and voilà! You are now the proud holder of Open Coin!