the At 1. January 2019 moving Ripple in seven transactions XRP in the value of over one billion US dollars. Already fears have been raised that XRP-whales manipulate the market. The transactions are, to all appearances, in connection with the Ripple Escrow.
By Christopher clover
At the 2. January 2019ShareFacebookTwitterLinkedInxingemail
centralization, Manipulation, snow ball system are just some of the allegations , which Ripple sees regularly exposed to. It is mostly about the fact that the company still holds most of the XRP-Token, at the same time, however, it is not to mix company and Token with each other. 2017 Ripple announced to hold a total of 55 billion XRP in the 55 trust accounts (Escrow) per one billion XRP. In order for Ripple to ensure a controlled and literally predictable Emission of the Token. Brad Garlinghouse explained on the Website of Ripple, the Motivation behind it:
„We will use Escrow to create 55 contracts, each with a billion XRP, which are due to expire on the first day of each month from month 0 to 54. When each contract expires, will be the XRP for Ripple available. You can expect that we will use XRP to continue as an incentive for Market makers, tighter Spreads for payments and the sale of XRP to institutional investors.“
Whale Alert will mean Escrows in the future, take into account
The Ripple can, in theory, give every month to a maximum of one billion XRP tokens.
„We are what is left at the end of each month unused, at the end of the Escrow queue to send back. For example, if 500 million XRP will not be issued at the end of the first month, this pays […] to a new escrow account, in the month of 55 runs.“
The Account Whale Alert was recorded on 1. January seven-XRP transactions that go back to this Escrow tactics. A total of XRP were worth over a billion US dollars – and shuffled. In the largest transaction of the Dollar changed over 1.1 billion US-supposedly the owner.