The XRP Portal is the home for institutional investors and professional market makers to learn about XRP’s role in the Ripple network.
The creators of Ripple set out to build a more efficient distributed payment network.Bitcoin and alt-coin systems use mining to confirm transactions and create coins. Mining consumes large amounts of electrical energy, as miners compete with each other to generate coins.Ripple’s method of confirmation, called consensus, doesn’t need mining; therefore, it requires comparatively negligible computing power, confirmation time adapts to network latency, and transactions are immediately irreversible once confirmed.
Because Ripple’s architecture does not require mining, the creators of Ripple had a choice: distribute XRP exclusively via mining or diversify the distribution methods.Distributing value is a powerful way to incentivize certain behaviors. Bitcoin’s mechanism, for example, led to an explosion of processing power devoted to bitcoin mining.
Our goal in distributing XRP is to incentivize actions that build trust, utility and liquidity in the network.If we distribute XRP with these goals in mind, over time we expect to see an increase in demand for XRP that more than offsets the additional supply we inject into the market. Said another way, we will engage in distribution strategies that we expect will result in a stable and strengthening XRP exchange rate against other currencies.
To this end, we currently plan to distribute XRP primarily through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP. If market conditions permit, we expect our company to hold approximately 50 billion XRP by the end of 2021. This schedule is indicative and discretionary....
learn more:
https://ripple.com/xrp-portal/
Why Ripple Distributes XRP
The creators of Ripple set out to build a more efficient distributed payment network.Bitcoin and alt-coin systems use mining to confirm transactions and create coins. Mining consumes large amounts of electrical energy, as miners compete with each other to generate coins.Ripple’s method of confirmation, called consensus, doesn’t need mining; therefore, it requires comparatively negligible computing power, confirmation time adapts to network latency, and transactions are immediately irreversible once confirmed.
Because Ripple’s architecture does not require mining, the creators of Ripple had a choice: distribute XRP exclusively via mining or diversify the distribution methods.Distributing value is a powerful way to incentivize certain behaviors. Bitcoin’s mechanism, for example, led to an explosion of processing power devoted to bitcoin mining.
Our goal in distributing XRP is to incentivize actions that build trust, utility and liquidity in the network.If we distribute XRP with these goals in mind, over time we expect to see an increase in demand for XRP that more than offsets the additional supply we inject into the market. Said another way, we will engage in distribution strategies that we expect will result in a stable and strengthening XRP exchange rate against other currencies.
To this end, we currently plan to distribute XRP primarily through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP. If market conditions permit, we expect our company to hold approximately 50 billion XRP by the end of 2021. This schedule is indicative and discretionary....
learn more:
https://ripple.com/xrp-portal/