The original founders allocated 80 billion XRP to the company established to develop its use.
The XRP Ledger launched in June 2012. Its founders gifted 80 billion XRP to the company formed to develop its use. Ripple subsequently placed much of that allocation into escrow.
This helps explain why XRP’s distribution and escrow releases remain important topics for market participants. However, an escrow release does not automatically mean all the released XRP is sold on the market.
#XRP #XRPL $XRP
The XRP Ledger launched in June 2012. Its founders gifted 80 billion XRP to the company formed to develop its use. Ripple subsequently placed much of that allocation into escrow.
This helps explain why XRP’s distribution and escrow releases remain important topics for market participants. However, an escrow release does not automatically mean all the released XRP is sold on the market.
#XRP #XRPL $XRP