LeonidasH Posted March 2, 2020 Share Posted March 2, 2020 https://www.xrparcade.com/2020/03/02/ripple-escrow-unraveling-the-mystery/ grunish, Caracappa, Mpolnet and 5 others 4 4 Link to comment Share on other sites More sharing options...
StellaBlueZerps Posted March 2, 2020 Share Posted March 2, 2020 Quote In 27 months, Ripple has released 27 billion XRP, of which, 21.6 billion went back into escrow. Ripple has re-escrowed exactly 800 million XRP every month, on average so far. Appreciate the escrow release history (and summary so far) cryptoxrp, Cesar1810 and xerxesramesepolybius 2 1 Link to comment Share on other sites More sharing options...
Talinos Posted March 3, 2020 Share Posted March 3, 2020 Thank you for this post! Could you clarify why they split the escrow into 2 parts this year? Link to comment Share on other sites More sharing options...
Andy_79 Posted March 3, 2020 Share Posted March 3, 2020 Just shows that demand is not there at the moment for XRP, hence the reescrow every month. Link to comment Share on other sites More sharing options...
Caracappa Posted March 3, 2020 Share Posted March 3, 2020 11 minutes ago, Andy_79 said: Just shows that demand is not there at the moment for XRP, hence the reescrow every month. Ripple is selling XRP: "It's killing the price!!! Stop selling!!" Ripple stops selling: "See, there is no demand for XRP" BTC maxis are never happy I guess… FYI: Ripple announced they would stop selling in allready liquid corridors in Q3 2019, redirecting OTC buyers to the open markets. So a lot less XRP has to be sold now, until they start opening new less liquid corridors that need Market Makers and XRP. They also spoke about using better metrics than CMC for % calculations. My personal feeling is it also had something to do with Ripple finally owning less than half the total XRP supply which coincided conveniently with the sell stop. Perhaps for regulatory points. LeonidasH, Trentsteel, Andy_79 and 3 others 5 1 Link to comment Share on other sites More sharing options...
JJJ2 Posted March 3, 2020 Share Posted March 3, 2020 (edited) We said that at this market absorption rate (200mln/month) they'll need 18 years to sell all xrp. So from 2016 to 2034. It is not so bad considering that they just started their business (when was it ? 3-4 years ago?) and have to find customers, have to overcome regulation problems, diferent approaches by different countries etc. So if the idea works, an increase of the demand shall be expected in the coming years. the beginning is always difficult and slow. Edited March 3, 2020 by JJJ2 aavkk, Caracappa and Julian_Williams 3 Link to comment Share on other sites More sharing options...
Julian_Williams Posted March 3, 2020 Share Posted March 3, 2020 I have always considered the extra unsold XRP to be a big plus for strategists building the market in an orderly way. The release of XRP is a regulator that can be used to expand the vol when the market is growing, and limit the supply when the market is flat - thus providing stability for the users of ODL. WrathofKahneman 1 Link to comment Share on other sites More sharing options...
xerxesramesepolybius Posted March 3, 2020 Share Posted March 3, 2020 8 hours ago, JJJ2 said: We said that at this market absorption rate (200mln/month) they'll need 18 years to sell all xrp. So from 2016 to 2034. It is not so bad considering that they just started their business (when was it ? 3-4 years ago?) and have to find customers, have to overcome regulation problems, diferent approaches by different countries etc. So if the idea works, an increase of the demand shall be expected in the coming years. the beginning is always difficult and slow. They started their business in 2012 XRPboi, LetHerRip and Cesar1810 3 Link to comment Share on other sites More sharing options...
Trentsteel Posted March 3, 2020 Share Posted March 3, 2020 9 hours ago, Caracappa said: Ripple is selling XRP: "It's killing the price!!! Stop selling!!" Ripple stops selling: "See, there is no demand for XRP" BTC maxis are never happy I guess… FYI: Ripple announced they would stop selling in allready liquid corridors in Q3 2019, redirecting OTC buyers to the open markets. So a lot less XRP has to be sold now, until they start opening new less liquid corridors that need Market Makers and XRP. They also spoke about using better metrics than CMC for % calculations. My personal feeling is it also had something to do with Ripple finally owning less than half the total XRP supply which coincided conveniently with the sell stop. Perhaps for regulatory points. Their dammed if they do and when they don’t , and then you get the most simplistic uneducated crap you retorted to., sigh 😔 Link to comment Share on other sites More sharing options...
Valhalla_Guy Posted March 3, 2020 Share Posted March 3, 2020 10 hours ago, Julian_Williams said: I have always considered the extra unsold XRP to be a big plus for strategists building the market in an orderly way. The release of XRP is a regulator that can be used to expand the vol when the market is growing, and limit the supply when the market is flat - thus providing stability for the users of ODL. So you are now in favor of a centralized system, or did I just fall into a rabbit hole, with an alternate reality?? Julian_Williams 1 Link to comment Share on other sites More sharing options...
jargoman Posted March 4, 2020 Share Posted March 4, 2020 People act like 50 billion coins could go to $1000 each but 100 billion coins can't go to $500 each. Somehow a doubling of supply puts a damper on "orders of magnitude higher". Is 50 billion coins "orders of magnitude" more than the original 50 billion? Link to comment Share on other sites More sharing options...
xerxesramesepolybius Posted April 11, 2020 Share Posted April 11, 2020 (edited) @LeonidasH So what is happening the 100m or so not being returned each month (recently) if they are not selling? They are giving some to Moneygram as incentive (which is sold right away) and presumably others. Edited April 11, 2020 by xerxesramesepolybius Typo Link to comment Share on other sites More sharing options...
Julian_Williams Posted April 12, 2020 Share Posted April 12, 2020 If XRP takes a central role in cross border payments then I am in favour of some sort of regulated release of new XRP from the escrowed stock managed by a third party organisation, maybe under the auspices of the UN. That does not make me in favour of centralised control over the day to day management of blockchain ledger. Link to comment Share on other sites More sharing options...
LeonidasH Posted April 12, 2020 Author Share Posted April 12, 2020 On 4/11/2020 at 11:06 PM, xerxesramesepolybius said: @LeonidasH So what is happening the 100m or so not being returned each month (recently) if they are not selling? They are giving some to Moneygram as incentive (which is sold right away) and presumably others. As per Ripple's Q4 2019 markets report: "Ripple's total XRP sales were $13.08 million (USD). In addition, Ripple continued the pause of programmatic sales, focusing solely on our over-the-counter (OTC) sales with a few strategic partners, who are building XRP utility and liquidity in strategic regions including EMEA and Asia." At an average of $0.2 XRP that's roughly 65m XRP. This is all the official info I've seen. In Q4 Ripple didn't return to escrow 300m XRP. The rest of the XRP could have gone towards the growth of the ecosystem to Xpring projects or to coil. They could have remained in Ripple's wallets or gone to various partners as incentive? This is just speculation on my part. xerxesramesepolybius 1 Link to comment Share on other sites More sharing options...
xerxesramesepolybius Posted April 12, 2020 Share Posted April 12, 2020 (edited) 14 minutes ago, LeonidasH said: In Q4 Ripple didn't return to escrow 300m XRP. The rest of the XRP could have gone towards the growth of the ecosystem to Xpring projects or to coil. They could have remained in Ripple's wallets or gone to various partners as incentive? This is just speculation on my part. The thing is if, as is most likely , the people they “give” XRP immediately sell it like Moneygram say they do it still has a downward pressure on price. Though presumably a reducing one because the amount NOT being returned to escrow is going down thanks Edited April 12, 2020 by xerxesramesepolybius Typo Link to comment Share on other sites More sharing options...
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