What was the initial issuance price of Ripple?

Ripple (XRP) was originally launched in July 2012 at a price of $0.008. The initial offering was initiated by the company OpenCoin, which aims to create a cryptocurrency for cross-border payments.

Ripple Coin Initial Release Price

Ripple Coin (XRP) was originally released in July 2012 and was known as OpenCoin at the time . Its initial offering price was $0.008$.

Detailed explanation

Ripple was originally issued by OpenCoin, a company whose goal was to create a cryptocurrency for fast and cheap cross-border payments. To raise funds to develop the project, the company conducted a token presale, selling XRP at $0.008.

The pre-sale raised a total of $10.5 million and distributed 100 billion XRP. 50 billion of them are retained by OpenCoin, and the remaining 50 billion are distributed to investors.

The price of XRP has increased significantly over time. By January 2018, its value reached an all-time high of $3.84. However, the price has since fallen significantly and is currently hovering around $0.40.

Conclusion

XRP was originally launched in July 2012 at a price of 0.008$.

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