Not only a meme, it's a rewarding meme
XRPM is a token created on XRPL for the purpose of rewarding XRP hodls
How does it work?
By holding both XRPM and native XRP tokens, you will be rewarded in XRP or XRPM (your choice) upon reaching the maturity date of 3, 6, 9 or 12 months, with higher rewards for longer periods of holding. You only need to hold for a minimum of 3 months to qualify for rewards.
What is my XRP reward eligibilty?
A snapshot of your wallet's XRPM and XRP holdings will be made at the time of enrolling in the reward program. The percentage of XRPM value to your XRP holding will determine your eligible XRP value to be rewarded
How to increase my XRPM value in XRP with current XRPM being so low?
Buying early into XRPM is the most economical way of increasing XRPM holdings. Most successful memes increase in value by tens or even hundreds fold. We are confident by the time the reward program kicks off, early buyers in XRPM will have substantial holdings of XRPM to make the reward program enrollment worthwhile.
Where does the reward comes from?
30 percent of XRPM circulation supply will be deposited into an escrow and will be used to pay rewards. The reward at the time of maturity of the holding period will be paid based on the price growth of XRPM since reward enrollment.
What happens after reward program enrollment?
You will need to hold your XRPM and XRP eligible/enrolled amount at all time until maturity. Once your account XRPM or XRP amounts drops below enrolled amount the reward program automatically becomes null and void; and your holding period resets. You have full control of your tokens at all time as no amount of tokens will be frozen. In the case where the XRPM appreciation in price outperforms the program profit rate, you have the right to sell XRPM to realize gains and the reward program will automatically cancel itself.
What happens after reward is claimed?
Your holding period resets and you may enroll again with new snapshot of your accounts.