Ripple coin launch price

Ripple (XRP) was first issued in 2012 with an initial price of $0.008. The Genesis offering allocated 100 billion XRP, 80% of which went to Ripple Labs and 20% to the co-founders. XRP serves as a bridge currency in cross-border payments, allowing financial institutions to transfer money quickly and cheaply.

Ripple initial issuance price

Ripple (XRP), as the native token of the Ripple network, was originally launched in April 2012 The Genesis premine was allocated to Jed McCaleb, co-founder of Ripple Labs.

Initial issuance price: $0.008

According to the official announcement, the initial price of Ripple when Genesis was released was $0.008. Since then, the price of XRP has experienced significant volatility, mirroring the overall ups and downs of the digital asset market.

Issuance method

Genesis issuance has allocated a total of 100 billion XRP, the specific allocation is as follows:

• Ripple Labs: 80% (80 billion XRP)
• Co-founders (Jed McCaleb and Arthur Britto): 20% (20 billion XRP)

Purpose

The Genesis issuance is intended to establish an initial supply to fund future development of the Ripple network. XRP is primarily used as a bridge currency for cross-border payments and remittances, allowing financial institutions to move funds quickly and cheaply.

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