QUOTE(WooTz @ Jun 1 2017, 10:09 AM)
SCAMMMMMM!!!!!
Look at page 27. They mentioned ripple and stellar.... interesting....
Thx b0rhui for the youtube link :
https://www.youtube.com/watch?v=PzScsRNsoT0If you're interested only on XRP, skip to 42:10
Summary :
1) XRP 100 billion created. Ripple has 20 billion on-hand, to sell to financial institutions and market makers. 50 billion locked up and release incrementally, gives certainty to the market. 30 billion in the market for people to buy.
2) For banks to use XRP:
- They don't have to hold, they can buy from local exchanges that list XRP (against local currency). Local exchanges are crucial in the providing lots of liquidity. Ripple in process of creating XRP liquidity partnerships, to list XRP and provide liquidity into local currencies.
- Can also can opt to buy XRP and hold it in their account, to be used for cross-border payments
Also remember that XRP is burnt at each transaction although somebody estimates 240 years before XRP runs out:
https://www.reddit.com/r/Ripple/comments/5b...ction_fees_are/Destruction of XRP is not that much per transaction though :
https://ripple.com/build/transaction-cost/I'm not too sure what this does to the price of XRP but as the company wants to clear uncertainties on XRP and as demand increase, it is only natural that the price will increase too. My 0.00002 XRP opinion only.
This post has been edited by kmarc: Jun 1 2017, 10:37 AM