55 Billion XRP Locked in Escrow

in ripple •  9 days ago

Ripple email annouces that 55 Billion XRP have as of today been locked away to ensure price predictability.

This should be great news for XRP holders in that it puts to rest concerns that Ripple might use those supplies to manipulate the market value of XRP.

The report linked below said:

"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!"

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

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