It would appear there may be some truth to the rumors regarding an XRP supply lockup. As outlined by Ripple employee “JoelKatz” a few weeks ago, the discussion about locking up a substantial amount of coins has been going on for quite some time now. At first, it was assumed such a drastic measure wouldn’t matter, but it seems the team has come around to go ahead with this plan in the end. Do keep in mind all of the information below is hypothetical at this time and has NOT been officially confirmed by the Ripple founders.
XRP Supply Lock-up: What We Know So Far
The fine intricacies of the proposed XRP supply lockup remain mostly unknown for the time being. We do know there have been some – alleged – internal discussions regarding locking up some part of the XRP supply. It is unclear if this means the Ripple founders will not sell their coins any time soon, although that appears to be the most plausible course of action right now. The founders control roughly 40% of all XRP in circulation, thus this move would
Read more ... source: LiveBitcoinNews
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