Wednesday, 1 January 2020

Ripple Unlocks One Billion Tokens From Escrow Wallet

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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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