Search the Community
Showing results for tags 'lock'.
Found 2 results
Minimum search term is 4 characters long. Can't find what you want? Click here for the custom google search instead.
Recently I've been fascinated by the possibility to escrow assets. Sure all the talk is about the company behind XRP locking up 55 billion xrp however I'm more interested how this can benefit the average Joe. Leaving finances in escrow for 2, 5 or 10 years would be really good for long investors, parents stocking up on their child's college fund. The other option is releasing finances depending on conditions so this is where smart contracts play a role. Personally I want to escrow some coins for the future, and release them at 5% at a time, simply because I have massive faith in the tech but not really interested in the day to day stresses of early adoption phase Has anyone on here used the escrow services or maybe interested in the near future?
Hi all, First of all say hi to everybody, I'm new in here! It is known and officially announced by Ripple their plans to lock up the supply of XRP in the market during the next 55 months: https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/ My questions are regarding the 1 Billion XRP which they are going to automatically release...per month! Is this not a huge amount of XRP which are going to dilude its price? You can see in the link above the chart graphic with the future amount of XRP in the market... It seems to me they're going to over flood the market with XRP over the next 5 years? I think Ripple has a great project and brilliant long long term plans.. but have series doubts about the increment in price of XRP.... Please share your thoughts!