Is what Ripple doing something similar to an ICO? It appears it is, I reckon hehehe. It might also become the longest running ICO in the cryptospace's history hehehe.
I predict another
settlement with the SEC to continue operations hehe.
Ripple just unlocked $1 billion XRP worth $256 million from escrow.
The movement makes the funds available for the company to sell to crypto exchanges, institutions and other third parties.Ripple owns more than half of all XRP in existence and created the escrow account in May of 2017 to help manage its holdings.
The company placed $55 billion in escrow. It releases a portion each month in order to sell some of its holdings over-the-counter (OTC).
At the end of the month, Ripple will move whatever portion it does not sell back into escrow.
Read in full https://dailyhodl.com/2019/10/01/1000000000-xrp-ripple-taps-into-escrow-wallet-to-release-new-batch-of-crypto/
