How XRP Relates to the Crypto Universe and the Broader Economy
XRP is the cryptocurrency and native asset of the XRP ledger (XRPL), a public blockchain focused on faster and most cost-effective global payment systems. Like the other crypto currencies, it has its own unique set of economic characteristics. For starters, unlike BTC, ETH and SOL, which are continuously created, all 100 billion XRP tokens that will ever exist were pre-mined in 2012. Twenty percent was initially owned by the founders, while 80% was gifted to Ripple Inc., which later created an escrow system which releases up to 12 billion annually. However, not all of the available coins are sold. As such, the annual drawdown of the reserve of tokens is closer to 3-4 billion with 8-9 billion locked back into escrow….
