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wip fix links fix 2 links trim and add topics Add checklist, rename sc subtopics Fix internal links Add DEX/AMM Add graphics reorg files reorg/rename Fix blurb Remove old JA files edits per review review changes rename output file name of index files to match the folder name Update output file and parent filenames add reusable links snippet fix broken links Update Ja file Move path.md to same location in i18n folder Revert naming for nft-collections page Rename to match files in En and Ja update links to reflect updated file name Rename nft-auctions under Ja folder and update links throughout Rename nftoken-authorized-minting and update links throughout Fix links Rename the nft-fixed-supply Ja file to match the reorg in English and update links Move nft-reserve-requirements file in Ja and update links Fix some more broken links Fix more broken links by renaming html files back Stablecoin reorg: fix various issues Remove nfts_by_issuer method (unreleased) page Remove redundant parent: attrs from config file Fix syntax highlighting of Authorizing Another Minter js Fix config/frontmatter errors
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html, parent, blurb, labels
| html | parent | blurb | labels | |
|---|---|---|---|---|
| tokens.html | concepts.html | Anyone can make tokens representing digital value on the XRP Ledger. |
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Tokens
All assets other than XRP can be represented in the XRP Ledger as tokens.
Standard tokens are fungible: meaning, all units of that token are interchangeable and indistinguishable. Tokens can be used for cross-currency payments and can be traded in the decentralized exchange.
Note: Tokens on the XRP Ledger have also been called "IOUs" (as in I-owe-you) and "issued currencies" in the past. However, these terms are not preferred because they do not cover the full range of digital assets that XRP Ledger tokens can represent.
Tokens can also be non-fungible. Non-fungible tokens (NFTs) serve to encode ownership of unique physical, non-physical, or purely digital goods, such as works of art or in-game items.
See Fungible Tokens and Non-fungible Tokens.
Stablecoins
Stablecoins are a common model for tokens in the XRP Ledger. The issuer holds assets of value outside of the XRP Ledger, and issues tokens representing the equivalent value on the ledger.
See Stablecoins.
Community Credit
Another way you can use the XRP Ledger is for "community credit", a system where individuals who know each other can use the XRP Ledger to track who owes whom how much money. One feature of the XRP Ledger is that it can automatically and atomically use these debts to settle payments through rippling.
For more on this type of usage, see paths.
Other Tokens
There are other use cases for tokens issued in the XRP Ledger. For example, you can create an "Initial Coin Offering" (ICO) by issuing a fixed amount of currency to a secondary address, then "throwing away the key" to the issuer.
Warning: ICOs might be regulated as securities in the USA.
Be sure to research the relevant regulations before engaging in any financial service business.
Token Properties
Tokens in the XRP Ledger are fundamentally different than XRP. Tokens always exist in trust lines, and all transfers of tokens move along trust lines. You cannot cause someone else's account to hold more of a token than the limit configured on their trust line. (You can cause your own trust line to go over the limit, for example by buying more of it in the decentralized exchange or by decreasing the limit after you already have a positive balance.)
Anyone can issue tokens by sending a [Payment transaction][] if the necessary trust lines are in place. You can "burn" tokens by sending them back to the issuer. In some cases, cross-currency payments or trades can also create more tokens according to an issuer's settings.
Issuers have options with tokens that are not available with XRP. Issuers can charge a transfer fee that is automatically deducted when users transfer their tokens. Issuers can also define a tick size for exchanges rates involving their tokens. Both issuers and regular accounts can freeze trust lines, which limits how the tokens in those trust lines can be used.
Tokens use decimal (base-10) math with 15 digits of precision and an exponent that allows them to express very large values (up to 9999999999999999 × 1080) and very small values (down to 1.0 × 10-81).
{% include '_snippets/rippled-api-links.md' %} {% include '_snippets/tx-type-links.md' %} {% include '_snippets/rippled_versions.md' %}