Ripple Transparency: 1Bn XRP Token Release


Ripple Company Transparency: 1 Billion XRP Tokens Released

Ripple Token Release

Ripple Company has a monthly program of releasing its tokens in installments, making them available for public purchase.  Recently, 1 billion XRP tokens worth $308 million has been released from the Ripple escrow.  This exercise is Ripple’s own way of disclosing its activities to investors, giving them the assurance of not selling off its holdings in one fell swoop.

Prior to this time, there has been a report by Ripple indicating that it sold $169.42 worth of the altcoin in the first quarter of 2019 via over-the-counter (OTC) transactions. The above figure revealed an increased demand of 31% for the altcoin, compared to the previous quarter.

What Historically Happens to Released Ripple Tokens

Records from past exercises reveal that not all of the released tokens end up being sold. Usually, it is a fraction that eventually get picked up by uptakers, while the balance is returned back to escrow at the end of the month.

A total of $890 million XRP has been sold since 2016, and a significant portion of this happens through platforms like CryptoFish. The platform offers customers the flexibility of transactions with sufficient liquidity.

Further Evidence of Blockchain Transparency

Other related developments show increased activity in the Bitcoin and altcoin cyberspace. Huge transactions were observed that saw one trader transfer 40,000 BTC across unknown wallets. The value of the Bitcoins as at the time of the transaction was $214 million, and the transaction fee was only $3.94.

The availability of this information further establishes the decentralized and transparent nature of blockchain technology. Transactions can be seen by everyone, and remain traceable within the open source network.

Buy Ripple Securely With CryptoFish

CryptoFish provides the latest news, educational insights and a secure place to buy various cryptocurrencies.

At CryptoFish, we offer a very simple way for you to instantly purchase leading cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple using your debit or credit card online.

CryptoFish does not store your credit card details, encrypts your personal information and is GDPR compliant, making it one of the safest and most secure options.  You can trust CryptoFish to easily, securely, and instantly buy cryptocurrency.

If you have any questions, please check out our FAQ section on the website or visit our Educational Portal.  Our super-friendly CryptoFish support team is also here to assist you. You can drop them an email or chat live on the website.  To chat, simply type your question into the chat box on the bottom right hand side of your screen.

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