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RE: Spotlight on Cryptocoins -- Ripple/XRP
Is it not also true that Ripple already has all coins mined and owned by the company which they are releasing slowly or how they see fit?
Is it not also true that Ripple already has all coins mined and owned by the company which they are releasing slowly or how they see fit?
Yes each month there are releasing 1 billion XRP each month.
https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/
Isn't the releasing of the coins month by month making the currency drop it's price because it becomes inflational?
Yes that is very true my friend. But It also keeps the price relative stable. It has its ups and downs