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RE: RIPPLE (XRP) Is Becoming a PROFIT TSUNAMI!! Target $4.11 (200% Profit Potential)

in #bitcoin7 years ago

You obviously do not understand XRP and the company. In November to remove exactly this kind of comment - they locked up all 48B available tokens in Smart contracts - each of which Vest every month (1B coins) for the next 48 months. They have already made a public statement that they will not use these to control price action - they are only for spending for funding the business and the growth of their XRAPID network. Any that are not spent are locked back up in contracts that tag onto the end of the 48 months i.e. it is a rolling 48 months. I can not find the December number - but in November (the first month) they only used 320M tokens and put the rest back into a smart contract

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