Mon. Feb 18th, 2019

XRP Sales Report for Third Quarter 2018

Spread the love

American Tech Firm Ripple or also known as ‘XRP’ reported the third quarter Q3 token sales revenue of $163 Million, which accounted for 0.43 percent of global XRP volume for Q3 2018.

 

The token sales have doubled in comparison to Q2 2018.

 

55 billion XRP were locked-up in a cryptographically-secure escrow account in Q4 2018. The lockup was created for creating certainty of XRP supply at any given point. Ripple control access to only 13 percent of the total XRP in circulation due to the lockup. The sales for XRP were a tiny fraction of that amount.

 

3 billion XRP was released out of escrow in Q3 2018. However 2.6 billion XRP were subsequentially put into new escrow contracts.

 

The remaining 400 million XRP not returned is being used in various uses to help support the XRP ecosystem.

Leave a Reply

Your email address will not be published. Required fields are marked *