Ripple Unlocks One Billion Tokens From Escrow Wallet
By William Suberg
The reason, they said, was to incentivize investors to keep interest and usage of XRP consistent.
Read The Whole Post on Cointelegrph
Ripple, the blockchain payment network notionally tied to altcoin XRP, has begun 2020 by releasing funds from its escrow worth $192 million.
Data scanned from the XRP blockchain by monitoring resource Whale Alert
caught the latest consignment of XRP tokens, which forms one
installment of a pre-planned release schedule Ripple began in 2017. Ripple continues 55-month escrow schedule
In a blog post at the time, officials explained that they would lock up 55 billion XRP, releasing funds each month over 55 months.
The reason, they said, was to incentivize investors to keep interest and usage of XRP consistent.
Read The Whole Post on Cointelegrph
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