Confidential documents reveal Ripple plans to sell only 25B XRP to operate and make a profit

機密文件揭示瑞波計畫僅售出25B XRP以營運及獲利
Confidential documents reveal Ripple plans to sell only 25B XRP to operate and make a profit

Recently, the XRP Army recently unearthed a document showing that Ripple intends to liquidate only a quarter of the XRP supply and allocate the balance to further development.
The report, written by three Ripple employees from the marketing and business development departments and Roman Leal of Goldman Sachs, shows that Ripple intends to retain 25% of the total XRP supply.
Ripple holds 25B XRP
Ripple emphasized that based on the design of the network, only 100 billion XRP tokens will be issued, and it plans to retain 25% of the total issued assets to finance its operations and make profits.
This means that Ripple plans to keep a reserve of 25 billion XRP, currently valued at around $12.5 billion, for corporate purposes.
It is worth noting that Ripple has been conducting XRP sales for many years and will continue to do so in the coming years. From these sales, the company now has a disposable balance of 4.87 billion XRP and a custodial balance of 39.5 billion. This brings its XRP reserves to over 44.36 billion coins.
After the company placed 55 billion XRP into escrow in 2017, it now holds 61.68 billion XRP in its disposable wallets. That leaves about 44.36 billion XRP, which means Ripple has liquidated more than 17 billion XRP over the years.
75B XRP used to promote development
At the same time, the filing indicates that Ripple plans to distribute the remaining 75% XRP supply to market makers, gateways, and consumers to incentivize using its Ripple protocol. Basically, there are 75 billion XRP tokens available for further XRP ecosystem development.
By doing so, the company aims to create a chain of demand, which should increase the value of XRP given its limited supply. Currently, there are 556,181,858,50 XRP in circulation.
Notably, the document was published in November 2014, just a few years after the company was founded. XRP pro-user SMQKE recently drew attention to the document in a post.
The discovery sparked reactions from community members. Some have drawn parallels with the possibility of Ripple deviating from the document’s proposals, given that it is a decade-old document.
Disclaimer: This content is informational in nature only and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not necessarily reflect the opinions of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Leave a Comment

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *