The reason for the Ripco currency sideways was found, and the project side cashed 2.5 billion in 4 months.

The reason for the Ripco currency sideways was found, and the project side cashed 2.5 billion in 4 months.

Investors holding these currencies have achieved good returns, but if you hold Ripple coins that belong to the mainstream currency, the benefits may be extremely low.

The reason for the Ripco currency sideways was found, and the project side cashed 2.5 billion in 4 months.

The above picture shows the trend of the Swiss dollar in the past three months. The data shows that the increase is 2.5%, which is out of the stable currency.

The reason for the Ripco currency sideways was found, and the project side cashed 2.5 billion in 4 months.

Ruibo shipped 1.2 billion XRPs in 4 months

Coinpost (Japan media) news, coinmarket data shows that the current XRP market circulation is about 41.97 billion XRP, and this figure was about 40.79 billion on December 31, 2018, that is, since the beginning of the year, XRP market circulation has increased 1.2 billion.

The reason for the Ripco currency sideways was found, and the project side cashed 2.5 billion in 4 months.

Liquidity as of December 31, 2018

The reason for the Ripco currency sideways was found, and the project side cashed 2.5 billion in 4 months.

Current liquidity <br /> For this matter, Ruibo said that in order to alleviate market concerns about project party control, Ripple transferred most of the XRPs held by the company to a third-party escrow account, which was released from the escrow account every month. One billion XRPs are sold to third parties, and the unsold XRP uses this mechanism to relock to the account.

If Ripple's average price of 2.1 yuan for 4 months is calculated, Ruibo will cash out at least 2.5 billion these days.

How many coins are available in the hands of Rippo?

The total amount of Ripple is 100 billion, which is not produced by mining. All the coins are held by Ripple Laboratories. The way of issuing coins is 1. Free gift to community users 2. WCG mining 3. Large household wholesale 4. The internal employees are paid in the form of wages. 5. Free gifts to the partner institutions.

Excluding the existing 41.97 billion Swiss Ripco, Ripple has 58.03 billion Ripple coins that have not yet entered the market.

In the past, Ripple issued nearly 40 billion Swiss rupiah coins. The three founders held nearly 20 billion, occupying half of the market. Now it has increased the circulation. Does it mean that the coins in the hands of the founders have all been emptied?

The official statement of Ruibo and some founders of garbage coins said that it is a reason to return the coins to the community.

There is nothing wrong with the direction of decentralization, but why is it more reasonable for investors to pay, destroy or lock positions?

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

SIM card exchange attacks stolen coins, how can Bitcoin practitioners protect themselves?

Source | bitcoinmagazine Author | David Hollerith Translators |   Bitcoin Futures Reach All-Time High as Bullish...

Blockchain

Investing $100 when the main currency first landed on the exchange, how much is it now?

The data shows that bitcoin exceeds all other cryptocurrencies in terms of return on investment (ROI) from the time t...

Blockchain

From Bitcoin to Libra, a blockchain in the eyes of a financial man | Babbitt Industry Welcome Class

On the evening of this Thursday (February 27), the third phase of the Babbitt Industry Orientation Class was official...

Market

Breaking down the past three Bitcoin cycles: Who will drive the next cycle?

In the past, the "narrative" was mainly driven by global liquidity, network growth, and halving supply shocks, while ...

Blockchain

Research: 21.6% of Bitcoin has not been moved for 5 years. The last big drop was made by short-term investors.

The recent sell-off in Bitcoin caused its price to fall below $7,500 for the first time in May – not because o...

Market

Can Bitcoin enter the mainstream financial market with exchange-traded funds (ETFs)?

Although the BTC has been short-lived for a few years, BTC exchange-traded funds (ETFs) and the US Securities and Exc...