| At the end of each selling period, unsold tokens are returned to escrow and re-distributed at a later selling period | In 2017, the company transferred 55 billion of its 80 billion XRP tokens into an from which it could sell a maximum of one billion tokens a month on the secondary market |
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| So if, for example, there are no market makers on the network willing to trade shekels for shillings, one can sell the former for XRP and then use it to buy the latter | As of April 8, 2021, the holds 47 |
The transaction cost is designed to increase along with the load of the network to disincentivize using the network during busy periods.
| This allows servers in the network to store a complete history of the ledger state | 00001 XRP — is to cover transaction fees |
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| Any data, text or other content on this page is provided as general market information and not as investment advice | Over the last 32 months, 32 billion XRP has been released from escrow |
A small amount of XRP — about 10 drops a unit of XRP worth 0.
| Unlike bitcoin and other mined cryptocurrencies, where new coins enter the market in the form of block rewards, XRP enters circulation whenever Ripple decides to sell coins from its pre-mined stash on the secondary market | This was done to improve the transparency and predictability of XRP being sold by Ripple |
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| dollars, for XRP tokens, sending those tokens to a receiving account who then exchanges the XRP for their local fiat currency, say, Philippine Pesos | Ripple retained 80 billion tokens to fund future operations and development, whilst the founders divided the remaining XRP between them |