XRP was never mined. All 100 billion tokens were created at once when the Ripple ledger launched in 2012.
That's different from Bitcoin, where new coins trickle out over more than a century. Ripple's founders and the company held onto a massive share early on, and the project spent years defending that against a market that instinctively distrusts pre-mined supply.
Ripple later locked a large portion of its own XRP into escrow, releasing a fixed amount monthly instead of dumping at will. Plenty of people saw that as a response to years of criticism.
XRP trades at $1.53 today, more than a decade after that entire supply was created in one shot.
Pre-mined supply doesn't automatically make a token untrustworthy, but it does put you in a position of trusting a smaller group's release schedule instead of trusting math nobody can change.
Would you hold a token knowing its entire supply already sits in someone's wallet?
Personal view, not advice. Do your own research.
#XRP #Ripple
That's different from Bitcoin, where new coins trickle out over more than a century. Ripple's founders and the company held onto a massive share early on, and the project spent years defending that against a market that instinctively distrusts pre-mined supply.
Ripple later locked a large portion of its own XRP into escrow, releasing a fixed amount monthly instead of dumping at will. Plenty of people saw that as a response to years of criticism.
XRP trades at $1.53 today, more than a decade after that entire supply was created in one shot.
Pre-mined supply doesn't automatically make a token untrustworthy, but it does put you in a position of trusting a smaller group's release schedule instead of trusting math nobody can change.
Would you hold a token knowing its entire supply already sits in someone's wallet?
Personal view, not advice. Do your own research.
#XRP #Ripple