30 Dec '17, 1pm

Ripple Gains 1,000% in One Month – Now the Second Largest Cryptocurrency https://t.co/NqS3WYoAZO

Ripple Gains 1,000% in One Month – Now the Second Largest Cryptocurrency https://t.co/NqS3WYoAZO

The lockup was conducted using the “escrow feature in the XRP ledger” which Ripple launched during early 2017. The company has utilized the escrow feature to “establish 55 billion contracts of 1 billion XRP each that will expire on the first day of every month from months 0 to 54. As each contract expires, the XRP will become available for Ripple’s use,” with the company stating that it may “use [the] XRP for incentives to market makers who offer tighter spreads for payments and selling XRP to institutional investors.” Ripple adds that any unused XRP will be “return[ed]… to the back of the escrow rotation.”

Full article: https://news.bitcoin.com/ripple-ripple-gains-1000-in-one-...

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