The Motley Fool

NOVEMBER 3, 2024

Ripple actually pre-mined its entire supply of 100 billion tokens before its launch in 2013, and it locked up more than half of those tokens in escrow accounts across its blockchain. XRP can't be staked (locked up to earn rewards) like Ethereum 's (CRYPTO: ETH) Ether and other proof of stake ( PoS ) cryptocurrencies.

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The Motley Fool

OCTOBER 19, 2024

Those qualities make Bitcoin more similar to a precious metal than other cryptocurrencies which are validated (but not mined) with the more power-efficient proof of stake ( PoS ) consensus mechanism. Grayscale subsequently relaunched its XRP Trust (which it had previously shut in 2021) as a closed-end fund ( CEF ) for accredited investors.

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The Motley Fool

MARCH 6, 2025

By contrast, XRP's entire supply of 100 billion tokens was pre-mined before it launched in 2013. XRP can't be mined anymore, and Ripple's blockchain can't be used to develop decentralized applications in the same way as proof-of-stake blockchains like Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL).

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The Motley Fool

JANUARY 26, 2025

When Ripple launched XRP in 2013, it hoped its customers would adopt the token for their financial transactions. It also can't be staked for rewards like proof of stake ( PoS ) tokens like those of Ethereum. It only periodically releases those tokens into its existing supply (57.7 billion tokens) to stabilize XRP's liquidity.

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