Ripple Community Shouts “Scam!” – ERC-20 Based Token “XRP Classic” Steals XRP’s Name And Ripple’s Logo, Gets Support From CoinMarketCap

The tranquility and happiness in the Ripple and XRP community have been bothered by the latest news and the universal equilibrium is now shattered.

It seems that there’s a new token in town called XRP Classic which stole its name from Ripple’s digital asset and also borrowed the company’s logo.

Theirs is orange, compared to the original blue one.

XRP Classic gets listed on CoinMarketCap and crypto exchanges

The token surfaced a little while ago, and it has already been listed on CoinMarketCap and a couple of crypto exchanges.

Although it got listed on CoinMarketCap, you will not see if using CMC’s search.

The coin popped up on Twitter on December 24, 2018, and XRP supporters blasted it from the very beginning.

The token has a website that describes XRP Classic as a “decentralized accessible blockchain and cryptocurrency infrastructure” that will offer crypto investors an automated trading system.

A new marketplace for freelancers?

The project’s white paper claims that XRP Classic is a platform designed to create a new marketplace for freelancers.

“XRP Classic is a modern age freelance marketplace created with the aim to resolve all such issues faced by traditional freelance industry and enable seamless, risk-free connectivity between freelancers and buyers at minimal costs. It serves as a state-of-the-art peer-to-peer marketplace for offering and hiring services without involving a middleman and allow them to create potential long-term collaborations with freelancers getting a fair share for their efforts while buyer getting quality work at optimal rates.”

Their website doesn’t have listed any official members and the address in a location in Bangladesh.

On Reddit and Twitter, the new coin is slammed as a scam, and people are wondering why CoinMarketCap supports such a thing.

“This is a prime example of why we need regulation to save people from this!” the user who brought up the subject tweeted.

Someone responded “I agree with you that this is more likely than not a total scam, and we should warn and educate people about it, but why are you proposing that we should run to government to protect people from this? (“Regulations”) Government is the biggest scam of them all!!”

Ripple did not address the issue so far.

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