What is the total supply of ripple coins?
aaaaStudentDec 24, 2021 · 3 years ago3 answers
Can you tell me the total supply of ripple coins? I'm curious about how many ripple coins are in circulation.
3 answers
- Dec 24, 2021 · 3 years agoSure! The total supply of ripple coins is 100 billion XRP. However, it's important to note that not all of these coins are in circulation. Ripple Labs, the company behind XRP, holds a significant portion of the coins in escrow. They release a certain amount of XRP each month, which can be used for various purposes like incentivizing market makers and supporting the ecosystem.
- Dec 24, 2021 · 3 years agoThe total supply of ripple coins is 100 billion XRP. This large supply is often a topic of discussion in the cryptocurrency community. Some argue that such a high supply may hinder the price appreciation of XRP, while others believe that it allows for wider adoption and usage of the coin. Ultimately, it's up to the market to determine the value and demand for ripple coins.
- Dec 24, 2021 · 3 years agoAccording to the official information, the total supply of ripple coins is 100 billion XRP. However, it's worth mentioning that a significant portion of these coins are held by Ripple Labs. They have taken steps to ensure the responsible distribution of XRP, including placing a large portion of the supply in escrow. This approach aims to provide transparency and stability to the XRP ecosystem.
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