SurgeXRP presale tops 30% after XRPL upgrade

SurgeXRP’s presale for the $SGP token has exceeded 30% of its soft cap with more than a month remaining in the fundraising period. The project is building a marketplace on the XRP Ledger to represent real-world property as on-chain tokens, following a recent XRPL upgrade aimed at improving throughput and efficiency.

The presale uses a dynamic pricing model: there is no fixed token price or predetermined valuation. The final $SGP price will be set by the total XRP contributed during the presale and individual allocations adjust as more XRP is added. SurgeXRP provides a live allocation dashboard that shows estimated allocations in real time.

Project materials state the token supply is permanently fixed at 200 million $SGP, with 100 million available in the current presale and no further minting planned. Organizers report that more than 30% of the soft cap has been reached and report rising awareness within XRP Ledger communities.

The recent XRPL upgrade was released to improve network performance, scalability and efficiency. Developers and investors tracking XRPL projects have noted increased attention to applications that plan to use the ledger for real-world asset tokenization because of its settlement speed and low transaction costs.

To participate, contributors need an XRP-compatible wallet, must transfer XRP to the presale contribution address and add an SGP trustline on the ledger to receive allocations. The project’s public materials outline these steps and provide a dashboard for monitoring estimated allocations.

No independent verification of the presale figures was available at the time of reporting. The participation and token supply details reported here come from the project’s public announcements and presale materials.