XRP is the native cryptocurrency of the XRP Ledger, a decentralized blockchain technology that was created by Ripple Labs. XRP was designed to be a fast, low-cost, and scalable digital asset for payments and remittances.
The XRP Ledger uses a unique consensus mechanism called the XRP Ledger Consensus Protocol, which allows for fast transaction processing and low fees. XRP transactions typically settle in 3-5 seconds and cost only a fraction of a cent, making it ideal for cross-border payments and remittances.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of XRP and review the project details below.
What is the allocation for XRP?
The total supply of XRP is 100 billion tokens. The allocation is as follows:
- 20% (20 billion XRP) was allocated to the founding team
- 80% (80 billion XRP) was allocated to Ripple Labs
What is the supply schedule for XRP?
XRP has a deflationary tokenomics model. The total supply of XRP decreases over time due to transaction fees being burned. This mechanism helps to reduce the overall supply and potentially increase the value of remaining tokens.
You can find the latest information of XRP supply and circulation at https://xrpscan.com/