Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Lorix on July 06, 2020, 06:54:17 PM
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Ripple’s monthly movement of XRP is underway, with the San Francisco-based company recently unlocking 1 billion XRP, worth about $177.6 million, from escrow.
Ripple owns more than half of the total supply of XRP. In December of 2017, the startup pledged not to sell all of its tokens at once, locking up 55 billion XRP into a series of cryptographically secured escrow accounts.
The company then set up a schedule to release one billion XRP each month, sell a portion to fund its operations and invest in startups, and return the rest back into escrow.
More info: https://dailyhodl.com/2020/07/02/ripple-unlocks-1-billion-xrp-sends-millions-of-dollars-in-crypto-to-mysterious/