What is the ownership of XRP crypto?

3 answers

• Bearcin46Jun 26, 2024 · a year ago
  XRP is a digital currency created by Ripple Labs. Unlike other cryptocurrencies like Bitcoin, XRP is pre-mined, meaning that all the coins were created at once. Ripple Labs owns a significant portion of XRP, but they have been gradually selling it to the public. The ownership of XRP is decentralized, as anyone can buy and hold XRP. However, it's important to note that Ripple Labs still holds a large amount of XRP, which has raised concerns about centralization.
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• Nguyễn Công MạnhOct 30, 2021 · 4 years ago
  XRP ownership is a complex topic. While Ripple Labs created XRP and initially held a large portion of it, they have been taking steps to decentralize the ownership. Ripple Labs has been selling XRP to investors and institutions, and they have also established an escrow system to release a certain amount of XRP each month. This ensures that the ownership of XRP is gradually distributed among the public. However, Ripple Labs still holds a significant amount of XRP, which has led to debates about its centralization.
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• Muuna KumarNov 13, 2023 · 2 years ago
  The ownership of XRP is a combination of individual investors, institutions, and Ripple Labs. Ripple Labs, the company behind XRP, initially held a large portion of the cryptocurrency. However, they have been actively selling XRP to investors and institutions, which has helped to decentralize the ownership. Additionally, anyone can buy and hold XRP, so individual investors also play a role in the ownership. It's important to note that while Ripple Labs still holds a significant amount of XRP, they have taken steps to ensure a more decentralized ownership structure.
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