The commitment of Ripple to place 55 Billion Ripple or XRP in a cryptographically secured escrow account is now complete. This means that certainty of XRP supply is now set.
The market seems to have concerns that Ripple could flood the market. This scenario is of course bad for Ripple's value. Therefore Ripple is building XRP liquidity and a healthy and trusted market.
Here’s how the escrow works:
The Escrow feature in the XRP Ledger allows parties to secure XRP for an allotted amount of time or until specific conditions are met.
Ripple will use Escrow to establish 55 contracts of 1 billion XRP each that will expire on the first day of every month from months 0 to 54. As each contract expires, the XRP will become available for Ripple’s use.
Ripple will return whatever is unused at the end of each month to the back of the escrow rotation. For example, if 500 Million XRP remain unspent at the end of the first month, those 500 Million XRP will be placed into a new escrow account set to expire in month number 55. For comparison, Ripple has sold on average 300 Million XRP each month for the past 18 months.
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still very complicated to understand.. I have some ripples holiding and happy with the price increase.. from your post, I will then keep holding longer.. thank you.
Yes... you do not have to understand everything. The basics that you just need to know is its long term value and usability in the real world. Also the proven track record of people behind it. Congrats on your Ripple's holding...
Yes... you do not have to understand everything. The basics that you just need to know is its long term value and usability in the real world. Also the proven track record of people behind it. Congrats on your Ripple's holding...
Yep, it's good one, now ripple value is getting Up..
Exactly @vlasmp . Ripple is one of the crypto coins out there that has real great value. It is long term and will soon soar as its real world usage is realized...
100% UP VOTE
Thanks I appreciate it...
more than welcome
Not sure if this is one of the reasons why ripple had a bull run but I've mentioned the other ones here.
I'm sure all of us are really happy to see our Ripple investment boom :)
Yes... there are a lot of good reasons inside Ripple's organization to keep it holding.