January 5, 2020 by Océane
While the XRP is currently recording a downward trend is persistent, Ripple, crypto-corporate issuer of the token will continue to dump on the market to 1 billion tokens per month, and this, regardless of its course.
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55 billion to liquidate in 55 months
Ripple had announced that in 2017 the implementation of an issuance calendar of $ 55 billion XRP in order to “maintain the interest” of the users and investors to the token. According to a blog post, the company had explained that the $ 55 billion of new tokens would be distributed on a monthly basis (i.e. 1 billion tokens per month) in an escrow account secure.
This forecast of 2017 did not lead to any major consequence on the course of the token in its infancy yet the regularity and richness of the offer made to belittle the overall value of the XRP between 2018 and 2019, leading to his fall chronic and irreversible.
Despite this finding, accompanied by a series of complaints from the community, Ripple has announced the continuation of the program and says :
“You can expect that we will continue to use the XRP to encourage the market makers who offer spreads narrower for the payments and sell the XRP for institutional buyers “.
Ripple minimizes the XRP
The XRP is among the altcoins the more febrile of 2019 for reasons of liquidity.
Conscious of the dynamics of the market and the security of their investments, users are clearly opposed to the administration’s Ripple continues its emissions, stratospheric.
At the present time, the XRP eventually stabilize with a value of $ 0.19 but it is likely that the series downtrend to resume in the coming months.
In this case, the general strategy of Ripple does not address any form of importance at XRP as explained by David Schwartz, ”
“The XRP does not make Ripple more rich “.
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