Ripple Dumps 300 Million XRP Every Month – And That’s Exactly How They Pay the Bills

When XRP launched in 2012, 100 billion tokens were created at once, all at genesis. The founders kept 20 billion for themselves and gave the other 80 billion to the company. In December 2017, Ripple locked 55 billion XRP into smart contracts to avoid dumping the entire supply at once. That escrow releases 1 billion