Post
Topic
Board Speculation (Altcoins)
Re: [XRP] Ripple Speculation
by
MemberBerries
on 05/12/2017, 09:16:48 UTC
This month they are going to freeze 54 billions of XRP, this may have an impact on the price alone, without counting wht will come next year.
If it was so great, the price would be going up. Not down!
Are you sure, that they are going to freeze?
https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/
According this article Ripple plans to unlock 1 billion XRP each month.
If you start reading properly than what is also there? You just leave whats fitting your agenda, so what about the point that THEY MOVE THE 1 BILLION BACK AT THE END OF ESCROW IF NOT NEEDED!?
I know what you will post now "dUmP iNe BILlIoN oN tHe mARkEt eVErY mOntH"
I hold 50% of my deposit in Ripple. But I want just to clarify, what does mean "THEY MOVE THE 1 BILLION BACK AT THE END OF ESCROW IF NOT NEEDED", who decide if it is needed or not needed?

We’ll use Escrow to establish 55 contracts of 1 billion XRP each that will expire on the first day of every month from months 0 to 54. As each contract expires, the XRP will become available for Ripple’s use. You can expect us to continue to use XRP for incentives to market makers who offer tighter spreads for payments and selling XRP to institutional investors.

We’ll then return whatever is unused at the end of each month to the back of the escrow queue. For example, if 500M XRP remain unspent at the end of the first month, those 500M XRP will be placed into a new escrow account set to expire in month 55. For comparison, Ripple has sold on average 300M XRP per month for the past 18 months.