JRR Token Hits the Market

One token to rule them all.

At the end of July JRR Token, the LoTR-inspired cryptocurrency, based on the Binance Smart Chain, became part of the global market.

What is JRR Token?

JRR Token is a new crypto token, the inspiration behind which comes from J.R.R. Tolkien’s Lord of the Rings universe. So, the goal is to make it “The One Token That Rules Them All”. 

JRR Token rewards people 3% for just holding and the longer they do so, the more they earn. Every buy and sell gets paid amongst holders in reflections. 

The creators also add 3% to the liquidity pool to increase the stability of the token. Another 3% they invest in marketing and exposure. What’s left of those they donate to a charity of choice.

Prices start at $1.07 per unit. The creators will supply 19 trillion tokens in total.

The Public Responds

While it is still unclear whether JRR Token will take its place among the best cryptocurrencies to invest in, it has sure stirred the waters.

Some Lord of the Rings fans have called the idea “absolutely embarrassing”. Others claim that such a move is not on par with Tolkien’s “anti-materialist vision”.

The creators, however, are defending the new altcoin strongly on social media. Although it has yet to win over the public, it is on its way to becoming a viral topic.

The Statistics

Cryptocurrency is rising in popularity daily. Recent statistics show that:

• The crypto market size will reach $1.08 billion by 2026.
• The user index indicates a 97% confidence in cryptocurrencies for 2021.
• 900 new coins enter the market daily as of 2021.

Also, more and more crypto exchanges are released daily. JRR Token is yet to earn its place on the most popular ones.