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- The partnership between Anodos and Inheriti aims to integrate the SHA token and Inheriti into the XRPL, providing enhanced decentralized data backup and inheritance solutions.
- Anodos plans to issue the SHA IOU on the XRPL as part of its partnership with Safe Haven, allowing crypto enthusiasts to trade SHA tokens on the XRPL’s DEX and AMM.
Anodos, the creator of Inheriti, the world’s first decentralized patented data backup and inheritance solution, has announced its upcoming launch on the XRP Ledger (XRPL). In a strategic collaboration, Anodos has joined forces with Safe Haven to integrate the SHA token along with Inheriti into the XRP Ledger. The partnership aims to leverage the capabilities of both platforms for enhanced decentralized data backup and inheritance solutions. Panos Mekras, co-founder and CFO of Anodos, shared this development in a recent tweet.
In a recent press release, Anodos officially announced its partnership with Safe Haven. As part of this collaboration, Anodos plans to introduce the SHA IOU on the XRP Ledger (XRPL). This will further enable crypto enthusiasts to trade SHA tokens on the XRP Ledger’s native decentralized exchange (DEX) and the forthcoming automated market maker (AMM).
Anodos has also revealed ongoing efforts to develop AnodoSwap, a comprehensive trading and portfolio management platform on the XRPL. Upon its launch, SHA will list on AnodoSwap, and an SHA/XRP liquidity pool will be established to boost token liquidity.
The partnership will unfold in two phases. The initial phase, starting in January 2024, will see Anodos issuing 10 million SHA tokens on the XRPL network. Besides, the subsequent phase will initiate upon the launch of the EVM sidechain on XRPL, integrating the solution into Safe Haven’s SafeSwap. This move comes after the XRPL took a significant stride towards adopting the EVM sidechain, following a successful audit by cybersecurity firm Bishop Fox last month.
About Inheriti – The World’s First XRPL-Based Inheritance Platform
Upon successful integration, users can effortlessly generate Inheriti plans on the XRP Ledger by utilizing SHA tokens through their Xumm wallet.
Inheriti, a digital inheritance solution, ensures high-level security in transferring access to digital assets, social media accounts, non-fungible tokens (NFTs), and digital data. Originally launched on the VeChain mainnet in September 2020, Inheriti employs a three-layer topology, including blockchain and cold storage, to encrypt and store users’ data. Serving as a connection between traditional and digital data inheritance markets, Inheriti is designed for universal use, accommodating users regardless of technical expertise.
When users input their confidential data, Inheriti takes action by breaking it into unreadable, secret, and encrypted shares. These encrypted portions of inheritance data are then distributed across various cold storage devices. To decrypt the data, the safe key holder is required to assemble the different shares into Inheriti. At the current press time, users can establish a lifetime Inheriti plan for the cost of 10,000 SHA, equivalent to $5.12.
Ripple’s XRP Ledger has been a go-to destination for several decentralized market players to launch their products. A Nairobi-based company stated that they would be using Ripple’s CBDC tech for faster and more transparent insurance settlements.
Ripple’s native cryptocurrency XRP has also been doing good in the recent crypto market rally. At press time, XRP is trading 0.42% up at a price of $0.63 and a market cap of $34 billion. Analysts are already giving massive XRP price targets of new all-time highs.
