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XRP max supply compare to others and why need to propose the burn for healthier ecosystem


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Max Supply:

Cardano (ADA) - 45 Billion

Stellar (XLM) - 50 Billion

Hedera (HBAR) - 50 Billion

XDC - 37.5 Billion

XRP - 100 Billion (counting drops = 100 quadrillion)

Need to Burn excessive XRP for healthier ecosystem:

1. To become decentralized Asset class (Ripple has 6 billion XRP on hands and 47 billions in escrow)

2. To get gradual price increase (scarcity)

3. To decouple from bitcoin price fluctuation (supply and demand)

4. To get more stable price (better for transactions - less spread/slippage)

5. Banks/Entities will buy XRP from holders, or use private/public liquidity pools, in which holders will participate and be rewarded.

6. XRP settles within 3-5 seconds. XRPL can only handle 1,500 TPS, later with upgrade, maybe up to 70,000 TPS. Meaning you would never need more than 53 billion (counting drops 53 quadrillion) of XRP to utilize transactions, because XRPL cannot handle more than 70,000 TPS. And, let's say, $10 per XRP - it's 530 billion (530 quadrillion)

Edited by samsimon
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3 hours ago, samsimon said:

Max Supply:

Cardano (ADA) - 45 Billion

Stellar (XLM) - 50 Billion

Hedera (HBAR) - 50 Billion

XDC - 37.5 Billion

XRP - 100 Billion (counting drops = 100 quadrillion)

Need to Burn excessive XRP for healthier ecosystem:

1. To become decentralized Asset class (Ripple has 6 billion XRP on hands and 47 billions in escrow)

2. To get gradual price increase (scarcity)

3. To decouple from bitcoin price fluctuation (supply and demand)

4. To get more stable price (better for transactions - less spread/slippage)

5. Banks/Entities will buy XRP from holders, or use private/public liquidity pools, in which holders will participate and be rewarded.

P.S. Never compare XLM (copycat) burn and XRP burn. You cannot compare DOGE (copycat) burn to BTC burn.

Most often when ppl talk of Ripple burning its allotment of XRP they wrap it around this idea that it will "create a healthier ecosystem", but what they really mean is that they want the price of XRP to go up to "increase the value of their personal investment" in XRP. Ripple's use case/business proposition for its allocation of XRP is not the same as XDC, HBAR, Stellar, or any other crypto asset. You say not to compare the XLM or DOGE burn to an XRP burn, but why not? Especially in regards to XLM. XLM and XRP are essentially two peas from the same pod. Yeah, the protocols may have been tweaked here and there, but there's no closer comparator to better gauge what a XRP burn would look like than XLM. Burning any digital asset doesn't do jack for price or ecosystem, utilization does. The whole point of Ripple escrowing its entire supply of XRP was to do just what you want in creating a healthier XRP ecosystem. They did so that the market wouldn't fear that they would dump unlimited amounts of XRP on exchanges. Ripple has always stated that XRP is strategic to its business and they will continue to build products and services like ODL and LoC that utilizes XRP. The key differentiator here is building the infrastructure/market for these XRP-based solutions and products (i.e. utility). This takes TIME as there are many factors to consider (i.e. regulations, compliance, liquidity, etc.) Ripple has been racking up partnerships/collaborations and educating global regulators for the past 10 years to create a marketplace and a flourishing ecosystem for XRP.

Edited by King34Maine
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5 hours ago, King34Maine said:

but what they really mean is that they want the price of XRP to go up to "increase the value of their personal investment" in XRP

aren't you here because of this as well? or you are here for a tech? Burning supply which is not in the circulation wont do anything. Perhaps small pump and dump. 

5 hours ago, King34Maine said:

Ripple's use case/business proposition for its allocation of XRP is not the same as XDC, HBAR, Stellar, or any other crypto asset.

i agree. CEOs and ripple dumped literally billions on retail unlike those listed above

5 hours ago, King34Maine said:

The key differentiator here is building the infrastructure/market for these XRP-based solutions and products (i.e. utility).

Failed again. They could have had an incentive to build on xrpl. But it was easier to just dump on the retail and make money while hyping the crap out of it. Xpring? What a joke, with Coil being the biggest one. 

 

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XRP settles within 3-5 seconds. XRPL can only handle 1,500 TPS, later with upgrade, maybe up to 70,000 TPS. Meaning you would never need more than 53 billion (counting drops 53 quadrillion) of XRP to utilize transactions, because XRPL cannot handle more than 70,000 TPS. And, let's say, $10 per XRP - it's 530 billion (530 quadrillion)

Edited by samsimon
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