The XRP (Ripple) Utility Gap: Why MOT Token Is Next

Let’s face it. Aside from the attention generated by its lengthy SEC battle, there are some good reasons why XRP has been getting so much attention. Chief among them is its real-world utility.

For those who’ve somehow been left out of the loop, Ripple built XRP to solve a very specific set of problems — slow global payments and interbank settlements, and expensive cross-border transfers. And, by all accounts, XRP has been a roaring success. To date, it has seduced more than 300 financial institutions, with plenty more getting onboard as we speak (including some very big players).

However, as XRP adoption continues to gather momentum, there are a couple of things that are becoming increasingly apparent:

1. Increased Trust in Crypto: Institutional adoption of XRP is, slowly but surely, bringing former crypto-skeptics around to the realization that the technology does, in fact, have genuine, real-world utility.
2. Unaddressed Gaps in the Ecosystem: Even as XRP use cases expand beyond the initial vision, Ripple has its limits, thus ushering in the need and demand for new tokens to fill these utility gaps.

Effectively, what we have are converging tailwinds — tailwinds that are paving the way for new projects like the MOT Solana Token that are filling the utility gaps the XRP ecosystem can’t address.

Why XRP Has Captured So Much Attention: The PayPal of Crypto

When crypto first burst onto the scenes, we heard a lot of grandiose promises. Apparently, we were entering a new age of borderless economies, ‘Decentralized Autonomous Organizations’ (DAOs), and all manner of utopian promises.

Unfortunately, most of what we got was little more than a bunch of empty meme coins and NFTs with no real utility beyond pure speculation.

There are, of course, several explanations for why things played out this way. The more obvious is the ease with which grifters could score a quick buck. It was simply easier to dazzle naive investors with utopian hype than it was to build something of real, lasting value.

But that’s the easy explanation. Ultimately, however, there was likely a much more powerful force at play here. Simply put, society and its institutions don’t move at the same speed that tech does. 

Think about it like this. When the internet first arrived, many of the early promises were achingly similar to those we hear about crypto.

Hierarchies were going to get flattened.

Free speech would flourish.

Monopolies would be disrupted.

But ultimately, what we got was less of a societal revolution, and more of an upgrade to everyday activities. Amazon, Netflix, Uber, PayPal… just about every successful tech company was built more around upgrading everyday activities, and less around total societal transformation.

And there’s no reason that crypto will play out any differently.

This is precisely why XRP has only continued to flourish as most crypto projects fall into obscurity. Whereas most projects delivered disruptive, overly utopian visions, Ripple took the “boring” route its predecessors of the internet revolution took — the “let’s take something people do every day and upgrade it with technology” route.

The XRP Utility Gap

If what’s been said above is halfway true, then something else should become apparent. If the internet was built by many companies, each addressing different niches, then crypto’s broader adoption will see something similar.

This is where we start to see the XRP utility gap emerge.

As convinced as the XRP Army might be of XRP’s inevitable global domination, there’s no escaping the fact that something built for finance will, inevitably, be limited to finance. In many ways, it’s a much like how Uber’s a terrible search engine while Google’s a hopeless way to book taxis.

Ultimately, XRP will likely find itself in a similar position to today’s tech giants. That is, it will likely dominate its niche while being joined by a gaggle of other projects, each addressing different needs.

Of course, as easy as it may be to point out that XRP’s adoption will also see the rise of a host of other crypto projects, naming exactly what those projects will be isn’t easy. Or, to be more specific, pointing to the real-world utility of those projects is hard.

For example, it’s easy to say that crypto could revolutionize eCommerce. But it’s hard to say exactly how. A new payment method alongside the 15 kajillion others that we already enjoy hardly deserves the title of tech disruption.

Fortunately, there are some areas where the real-world benefits of crypto are starting to become evident.

Why MOT Token Will Pick Up Where XRP Left Off

As much as I would love to claim credit as a tech visionary, what comes next is hardly my own imagination. Instead, it’s the result of looking into the MOT Pinksale presale that I recently stumbled upon, then asking the question, “What comes next?”

Let’s first start by talking a little about what the MOT token actually is. Here’s a quick high-level overview:

• MOT stands for Masters of Trivia, a popular trivia game platform with over 200k downloads (and counting) across Android and iOS.
• Masters of Trivia are launching the MOT Token to power its rewards system and drive deeper user engagement.
• Within the Masters of Trivia ecosystem, MOT tokens will have multiple utilities, from access to premium content and exclusive contests with large prize pools through to merch purchases and voting rights.

That’s the high-level view, although there are plenty more details available on the MOT Token website and whitepaper.

Now, there are a couple of things that caught my attention here.

First up is the fact that Masters of Trivia already exists. It’s a real, proven gaming platform with an active community. This sets it apart from “crypto gaming” projects like Logan Paul’s CryptoZoo and the countless others we saw during the last crypto wave. Simply put, whereas every other crypto gaming project tended to go crypto first, then the game (which usually meant no game got delivered), MOT token is coming after the game.

This alone builds a massive layer of security into the project as it essentially eliminates the chances of a rug pull. This is only further backed up by MOT’s tokenomics and allocations, which include provisions like 3-year vesting schedules for team members and advisors and 2-year lockups on liquidity and listing allocations.

Of course, for all the efforts to create something legitimate here, simply being rug-proof is hardly enough for MOT to qualify as XRP’s successor. For that, we need something more.

Is MOT Token the Future of Gaming, Education, and Rewards?

At first glance, MOT token might seem like a relatively small time project. After all, how big can a trivia gaming platform become? However, there are bigger ambitions behind the project than might first meet the eye. And this is where we start to see the true potential of MOT.

The first hint here lies in Phase 5 of the MOT Token roadmap (see whitepaper). Specifically, the “Partnerships and Integrations” stage. This is the point where the MOT team hopes to extend the token’s reach beyond the Masters of Trivia platform into all manner of gaming platforms and educational institutions.

If the latter seems like a bit of a stretch to you, take a moment to think again.

Rewarding knowledge is already a built in feature of MOT (gamers on Masters of Trivia earn MOT tokens as rewards). So too are voting and consensus mechanisms. Put two and two together, and suddenly, additional use cases are easy to find. For example, a “community notes” style fact checking service for AI-generated educational content could reward users for verifying content — users vote, and those who align with consensus earn MOT tokens.

The same applies to the potential expansion of MOT token into other gaming ecosystems. There are countless developers looking for new ways to boost user engagement rates, and a robust reward system (particularly one with real-world monetary value) is a surefire way to do it.

Of course, much of this will take time to become a reality. In much the same way that XRP’s adoption has been predicated on steadily increasing adoption rates broadening its ecosystem, so too will MOT’s. However, while XRP’s story is one that has played out over more than a decade, MOT has two big tailwinds working in its favor.

First, XRP has already somewhat paved the way for MOT. Or, at least, it’s proven that crypto projects can have real legitimacy.

Second, by effectively bootstrapping MOT via the existing Masters of Trivia ecosystem, the first step to gaining real world utility (and value) has effectively been sidestepped.

The utility is already there, as is its value. Now the only thing that remains to be seen is just how high MOT can fly.

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(Featured image by vjkombajn via Pixabay)

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