RILEY ECONOMIC SYSTEM (RES)

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    Of all the innovations to date within crypto, very few frameworks come close to being as radical as the Riley Economic System (founded by Patrick L. Riley). This project, still under construction, already brings about a trifecta of passive income never before seen. To fully understand the impact of the RES, a brief description:

The Riley Economic System consists of three XRPL native tokens: RPR, ASC, & ARK.

• Reaper (RPR) allows holders to "reap" or in essence burn other XRPL tokens (and soon tokenized liabilities) + pays out passive XRP in a process known as the "DRIP". This happens every two weeks.

• Ascension (ASC) pays holders passive income with a variety of 16 separate ledger assets! Two of these assets, tokenized Gold and Silver, are currently pending. This process is known as "RAIN" and also happens every two weeks, simultaneously with the DRIP.

• Ark (ARK) pays holders passive income in RPR and ASC in an event known as "DELUGE." This also happens on the same schedule as the DRIP. ARK is also distributed to charities.

So you effectively have 3 sources of passive income by simply holding the relative tokens. Participation in ecosystem voting is optional.

If you are just starting, you'll need to first create a XRPL wallet, XAMAN the most popular option, then add the tokens using respective trustlines.

This brief introduction to the RES is meant to spark creativity and is no substitute for doing your own research nor does it serve as financial advice! Thanks for reading.

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