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Subculture

Memes

How tokens are issued, what an issuer can still do, and what to check before you hold one.

Guides ·CULTDropchan

Anyone can issue a token on the XRP Ledger. That is why meme tokens exist, and why copycats do. The issuer's account settings decide what can happen to a holder's balance later. Each setting is public.

History and lore

  1. 2012-06The ledger launchesThe XRP Ledger goes live. Its built-in exchange has run since launch.Source
  2. 2023-08-21Block incoming trust linesDisallowIncoming switches on. An account can refuse incoming trust lines, checks, NFT offers and payment channels.Source
  3. 2024-02-08ClawbackThe Clawback amendment switches on. It is off by default, and an issuer must opt in.Source
  4. 2024-03-22A pool for any pairThe AMM amendment switches on. Each pair of assets can have one pool that anyone can fund.Source
  5. 2025-05-04Deep FreezeDeepFreeze switches on. An issuer can stop a frozen trust line from sending or receiving the token.Source
  6. 2025-10-01Multi-Purpose TokensMPTokensV1 switches on. It adds a second kind of fungible token that does not use trust lines.Source
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