Guest Posted September 22, 2017 Share Posted September 22, 2017 To ensure supply of its digital currency, XRP, Ripple will place 55 billion XRP into a secure Escrow account by the end of 2017. To build trust and liquidity, Ripple aims to remove the uncertainties about the distribution of XRP. Escrow will allow parties to secure XRP until the transaction completes and required conditions are met. Ripple will establish 55 contracts of 1 billion XRP each. Each contract will expire on the first day of the month for 55 consecutive months. After expiration, the XRP will become available for the Ripple’s use. Ripple will return the remaining XRP to the Escrow account.https://www.ripplecoinnews.com/to-ensure-a-stable-supply-ripple-places-55-billion-xrp-in-escrow Link to comment Share on other sites More sharing options...
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