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Hi Guys. I just saw bit of information on XRP Distribution strategy by Ripple. I think this is updated information because i did not see it before at XRP Portal page. If market conditions permit, we expect our company to hold approximately 50 billion XRP by the end of 2021. This schedule is indicative and discretionary. TOTAL XRP HELD BY RIPPLE:64,439,207,292 TOTAL XRP HELD BY OTHERS:35,558,046,921*
Some fun distribution facts: In 2015 Ripple distributed ~2B XRP In 2016 they distributed ~2.4B XRP In the 28 days between 12/11/16 and 1/8/17 Ripple distributed 976,978,200 XRP with little effect on the price. In the first 7 days of this year, 433,260,487 XRP were distributed. Here are the historical numbers courtesy of @GiantGox: http://gtgox.com/xrp配布の内訳/ It will be interesting to see if Ripple will stick to their goal of holding ~50B XRP in 2020. Once the MM incentive kicks in that may be hard to maintain.
kimchee posted a topic in General DiscussionWhy would they hold onto it? Maybe they know something we don't. You only hold onto something if you think that it has worth or value. Let me know what you think, guys.
Here a quick graph, I only had a few dates for XRP to compare with Bitcoin, but its interesting still: Overall the supply of BTC has increased a lot more compared to XRP. Its strange because I always hear the objection XRP has this vast supply side, that can come crashing down at any time. When really the supply of XRP has been slower than BTC, and Jeds and the founders XRP are also locked up. Nobody seems to worry that Satoshi might one day come and flood the bitcoin market with 1 million coins? If of the figures are wrong, please let me know.