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25 January 2021

Ripple CTO says the company would burn 48 billion XRP if "majority wanted rule change" | CryptoSlate

Ripple CTO says the company would burn 48 billion XRP if "majority wanted rule change" | CryptoSlate


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For reference, Ripple sold over $32 million worth of XRP in Q2 of 2020, while its business reported a dismal quarter.

In a tweet, Schwartz stated that the XRP community could, indeed, vote for Ripple to burn its entire stash of escrowed tokens, insisting that the blockchain is “very democratic” about such decisions.

Such a move would mean that Ripple’s stash would be 6 billion tokens, while XRP’s circulating supply would be fixed to just over 50 billion tokens.

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