What is the total supply of XRP in the cryptocurrency market?

3 answers

• Dec 26, 2021 · 3 years ago
  XRP, also known as Ripple, has a total supply of 100 billion coins. However, not all of these coins are currently in circulation. The company behind XRP, Ripple Labs, holds a significant portion of the total supply. It is important to note that the total supply of XRP is fixed and there will never be more than 100 billion coins in existence. This sets XRP apart from cryptocurrencies like Bitcoin, which have a maximum supply limit.
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• Dec 26, 2021 · 3 years ago
  The total supply of XRP is 100 billion coins. This large supply is partly due to the fact that XRP was pre-mined before its launch. Unlike Bitcoin, which relies on mining to create new coins, XRP was created all at once. The distribution of XRP is managed by Ripple Labs, and they periodically release a portion of the coins into the market. The remaining coins are held by Ripple Labs and are used for various purposes, including partnerships and liquidity.
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• Dec 26, 2021 · 3 years ago
  As of now, the total supply of XRP in the cryptocurrency market is 100 billion coins. However, it's worth noting that not all of these coins are in circulation. Ripple Labs, the company behind XRP, holds a significant portion of the total supply. This has led to some concerns about centralization, as Ripple Labs has the power to release more XRP into the market. Despite this, XRP remains one of the top cryptocurrencies in terms of market capitalization and has a strong community of supporters.
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