XRPBurn
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šØ Why Hasnāt $XRP Been Burned? Letās Break It Down! šØ
Hey everyone, I know some of you have been wonderingāwhy hasnāt $XRP implemented a token burn? With so many other cryptocurrencies reducing their supply to boost value, why hasnāt Ripple taken the same route? Letās dive into it:
š” Understanding XRPās Supply
XRP started with a fixed supply of 100 billion tokens, and Ripple holds a significant portion in escrow to release periodically. Unlike many projects, Rippleās strategy doesnāt rely on burning tokens to create scarcity but instead focuses on utility and adoption.
š„ Why No Burn?
1ļøā£ Built for Utility: $XRP ās primary use case is cross-border payments. Itās designed to move value seamlessly across borders. Burning tokens could disrupt this functionality by reducing liquidity and increasing transaction costs.
2ļøā£ Pre-Mined Supply: Unlike coins mined over time (like Bitcoin), XRP was fully created at launch. Ripple manages the supply via escrow releases, ensuring the market isnāt flooded.
3ļøā£ Transaction Fee Burn: While XRP doesnāt have a traditional burn mechanism, a small amount of XRP is destroyed with every transaction. Over time, this contributes to gradual scarcity.
š Whatās Rippleās Plan?
Rippleās focus is on adoption over artificial scarcity. By building partnerships with financial institutions and integrating XRP into payment systems, they aim to drive demand organically rather than relying on burns.
š¤ Should XRP Implement a Burn?
Burning tokens could make XRP more appealing to investors in the short term, but it might also hurt its utility as a payment token. Ripple has always prioritized long-term sustainability over quick fixes.
š¬ Your Thoughts?
Do you think Ripple should introduce a burn mechanism, or is their current strategy better for XRPās future? Letās discussādrop your opinions below š!
#XRPBurn #Xrpš„š„ #XRPHits3
Hey everyone, I know some of you have been wonderingāwhy hasnāt $XRP implemented a token burn? With so many other cryptocurrencies reducing their supply to boost value, why hasnāt Ripple taken the same route? Letās dive into it:
š” Understanding XRPās Supply
XRP started with a fixed supply of 100 billion tokens, and Ripple holds a significant portion in escrow to release periodically. Unlike many projects, Rippleās strategy doesnāt rely on burning tokens to create scarcity but instead focuses on utility and adoption.
š„ Why No Burn?
1ļøā£ Built for Utility: $XRP ās primary use case is cross-border payments. Itās designed to move value seamlessly across borders. Burning tokens could disrupt this functionality by reducing liquidity and increasing transaction costs.
2ļøā£ Pre-Mined Supply: Unlike coins mined over time (like Bitcoin), XRP was fully created at launch. Ripple manages the supply via escrow releases, ensuring the market isnāt flooded.
3ļøā£ Transaction Fee Burn: While XRP doesnāt have a traditional burn mechanism, a small amount of XRP is destroyed with every transaction. Over time, this contributes to gradual scarcity.
š Whatās Rippleās Plan?
Rippleās focus is on adoption over artificial scarcity. By building partnerships with financial institutions and integrating XRP into payment systems, they aim to drive demand organically rather than relying on burns.
š¤ Should XRP Implement a Burn?
Burning tokens could make XRP more appealing to investors in the short term, but it might also hurt its utility as a payment token. Ripple has always prioritized long-term sustainability over quick fixes.
š¬ Your Thoughts?
Do you think Ripple should introduce a burn mechanism, or is their current strategy better for XRPās future? Letās discussādrop your opinions below š!
#XRPBurn #Xrpš„š„ #XRPHits3
Mor-barr-et:
In my opinion, it would not be very smart to burn them,
because it serves a different purpose.
If it is for cross-border payments, there must be enough tokens to cover the demand...
#DidYouKnow #XRPBurn $XRP
How many projects does XRP have?
Data shows that the XRP Ledger (XRPL), the blockchain powering the XRP ecosystem, is now home to over 1,500 crypto projects. According to details provided on the official XRPL website, more than 1,500 applications and exchanges have been established on XRPL since its inception
What is the issue with XRP?
The SEC in 2020 accused Ripple and its executives of conducting a $1.3 billion securities fraud via sales of XRP to retail investors
Who owns a lot of XRP?
The top 10 largest holders of XRP include two addresses from Ripple, holding 3.69% and 2.90% of the circulating supply respectively, two from Binance with 2.78% and 1.75%, two from Uphold with 2.58% and 1.57%, and one each from Upbit (1.58%), Kraken (1.39%), an unknown holder (1.29%), and Bitbank (1.22%)
Who won XRP vs SEC?
Yesterday, the U.S. Securities and Exchange Commission (SEC) dismissed its own case against Ripple Labs CEO Brad Garlinghouse and Executive Chairman Christian Larsen. This is the third recent win for Ripple, the firm closely associated with XRP, in its multi-year legal battle with the securities watchdog
What billionaires own XRP?
Chris Larsen and Brad Garlinghouse may have seen the greatest benefits from their Ripple holdings, but they are not the only ones who have profited significantly from XRP's stellar gains. Jed McCaleb, another Ripple co-founder, left the company in 2013 but retains 5.3 billion XRP as of February 2016
how long xrp lawsuit?
In a court filing dated November 13, 2023, Judge Torres nailed down the schedule for further pretrial filings. The process of discovery and rebuttals regarding the remedies the SEC will seek in the remaining legal action must be completed by April 29, 2024
How much can XRP reach if they win lawsuit?
A positive outcome has the potential to send XRP price back toward its all-time high at $3.40 and further towards $50. A recent prediction by Finders' panel estimates that the XRP price could tag $3.81 by the end of 2025 if the blockchain startup wins the lawsuit
#dyor $XRP
How many projects does XRP have?
Data shows that the XRP Ledger (XRPL), the blockchain powering the XRP ecosystem, is now home to over 1,500 crypto projects. According to details provided on the official XRPL website, more than 1,500 applications and exchanges have been established on XRPL since its inception
What is the issue with XRP?
The SEC in 2020 accused Ripple and its executives of conducting a $1.3 billion securities fraud via sales of XRP to retail investors
Who owns a lot of XRP?
The top 10 largest holders of XRP include two addresses from Ripple, holding 3.69% and 2.90% of the circulating supply respectively, two from Binance with 2.78% and 1.75%, two from Uphold with 2.58% and 1.57%, and one each from Upbit (1.58%), Kraken (1.39%), an unknown holder (1.29%), and Bitbank (1.22%)
Who won XRP vs SEC?
Yesterday, the U.S. Securities and Exchange Commission (SEC) dismissed its own case against Ripple Labs CEO Brad Garlinghouse and Executive Chairman Christian Larsen. This is the third recent win for Ripple, the firm closely associated with XRP, in its multi-year legal battle with the securities watchdog
What billionaires own XRP?
Chris Larsen and Brad Garlinghouse may have seen the greatest benefits from their Ripple holdings, but they are not the only ones who have profited significantly from XRP's stellar gains. Jed McCaleb, another Ripple co-founder, left the company in 2013 but retains 5.3 billion XRP as of February 2016
how long xrp lawsuit?
In a court filing dated November 13, 2023, Judge Torres nailed down the schedule for further pretrial filings. The process of discovery and rebuttals regarding the remedies the SEC will seek in the remaining legal action must be completed by April 29, 2024
How much can XRP reach if they win lawsuit?
A positive outcome has the potential to send XRP price back toward its all-time high at $3.40 and further towards $50. A recent prediction by Finders' panel estimates that the XRP price could tag $3.81 by the end of 2025 if the blockchain startup wins the lawsuit
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In my analysis in July 2024, XRP looked quite cheap at around $0.4109. I suggested buying at that price with a target price of around Rp31,205 per coin. At the time of this video, the price of XRP had reached around Rp30,000 per coin, indicating a price movement close to my predicted target.$XRP #XRPUSDTšØ #Xrpš„š„ #XRPnews #XRPBurn $XRP