It's old news, but just for your information:
http://www.coindesk.com/ripple-jed-mccaleb-settle-suit-over-1-million-in-disputed-funds/
As part of the settlement, McCaleb has sold his equity in Ripple, and has agreed to sale controls on 5.3bn XRP owned by him and his children. An additional 2bn XRP will be donated to an as-yet-undisclosed charitable fund.
The sale controls are tied to daily volume in XRP markets. For the first year, according to Ripple, McCaleb will be unable to sell more than 0.5% of average daily volume "for each day of the week, including weekends and holidays".
During the second and third years of the agreement, this amount grows to 0.75%, while it accounts for 1.0% in the fourth year. Beyond the fourth year, the amount is set to 1.5%.
The current price of of Ripple is 40 cents. Do I have to count out for you how rich the founder of Stellar is?
http://www.coindesk.com/ripple-jed-mccaleb-settle-suit-over-1-million-in-disputed-funds/
As part of the settlement, McCaleb has sold his equity in Ripple, and has agreed to sale controls on 5.3bn XRP owned by him and his children. An additional 2bn XRP will be donated to an as-yet-undisclosed charitable fund.
The sale controls are tied to daily volume in XRP markets. For the first year, according to Ripple, McCaleb will be unable to sell more than 0.5% of average daily volume "for each day of the week, including weekends and holidays".
During the second and third years of the agreement, this amount grows to 0.75%, while it accounts for 1.0% in the fourth year. Beyond the fourth year, the amount is set to 1.5%.
The current price of of Ripple is 40 cents. Do I have to count out for you how rich the founder of Stellar is?
Does that makes Jed a billionaire?
That makes family Jed multibillionaires atm... not bad
. Let's forget that he probably also gave himself a fair share of Lumens . I dont know who's the big shot in crypto now... Vitalik or Jed. I think it's Jed.
Jeff McCaleb will probally buy 2 billion dollars worth of lumens and lock them down.
A much better strategy then ripple !
When this information gets out its going to be big ! If he offers a buy back plus a Lockdown were going interstellar !