Ripple Escrows 55 Billion XRP for Supply Predictability

in cryptocurrency •  2 years ago  (edited)

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https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/

"Earlier this year, we committed to placing 55 billion XRP in a cryptographically-secured escrow account to create certainty of XRP supply at any given time. As promised, today we completed the lockup.

By securing the lion’s share of XRP in escrow, people can now mathematically verify the maximum supply that can enter the market. While Ripple has proved to be a responsible steward of XRP supply for almost five years – and has clearly demonstrated a tremendous track record of investing in and supporting the XRP ecosystem – this lockup eliminates any concern that Ripple could flood the market, which we’ve pointed out before is a scenario that would be bad for Ripple!

This move underscores Ripple’s commitment to building XRP liquidity and a healthy and trusted market. Long term, the value of digital asset

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very nice !!!

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