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Ripple CTO Ends Speculation on XRP Distribution: Details Read more šš¼šš¼
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In 2011, David Schwartz, Jed McCaleb, and Arthur Britto, inspired by Bitcoin but concerned about its high energy consumption, set out to create a more sustainable system for transferring value. By June 2012, they had completed the development of the XRP Ledger (XRPL), which was ready for launch. Once the ledger went live, 80% of the total XRP supply was gifted to a new company called NewCoin, which was soon renamed OpenCoin and eventually became Ripple.
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In September 2012, Chris Larsen joined the founding team, and together they officially established Ripple. The XRPL creators contributed 80 billion XRP to the new company, which later placed most of these funds in escrow. Despite some technical changes made at the end of 2012, transaction validation on the ledger didnāt fully function until January 2013.
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David Schwartz, now Rippleās CTO, addressed speculation about XRPās distribution, arguing that there was nothing unfair about the creators keeping a significant portion of the value the market attributed to their work. When asked why the plan to gift XRP to Ripple emerged only after the XRPL was created, Schwartz admitted he wasnāt deeply involved in the initial distribution but confirmed that the distribution agreement was made by September 17, 2012. He also shared the signed agreement as proof and noted that the original āGenesisā wallet had almost no XRP from the start
#xrp
#Xrpš„š„
#CTO
#RÄ°PPLE
#WhaleAccumulation
$XRP
In 2011, David Schwartz, Jed McCaleb, and Arthur Britto, inspired by Bitcoin but concerned about its high energy consumption, set out to create a more sustainable system for transferring value. By June 2012, they had completed the development of the XRP Ledger (XRPL), which was ready for launch. Once the ledger went live, 80% of the total XRP supply was gifted to a new company called NewCoin, which was soon renamed OpenCoin and eventually became Ripple.
2/3
In September 2012, Chris Larsen joined the founding team, and together they officially established Ripple. The XRPL creators contributed 80 billion XRP to the new company, which later placed most of these funds in escrow. Despite some technical changes made at the end of 2012, transaction validation on the ledger didnāt fully function until January 2013.
3/3
David Schwartz, now Rippleās CTO, addressed speculation about XRPās distribution, arguing that there was nothing unfair about the creators keeping a significant portion of the value the market attributed to their work. When asked why the plan to gift XRP to Ripple emerged only after the XRPL was created, Schwartz admitted he wasnāt deeply involved in the initial distribution but confirmed that the distribution agreement was made by September 17, 2012. He also shared the signed agreement as proof and noted that the original āGenesisā wallet had almost no XRP from the start
#xrp
#Xrpš„š„
#CTO
#RÄ°PPLE
#WhaleAccumulation
$XRP
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Singapore crypto mining scammer arrested! A&A CEO Yang Bin sentenced to six years in prison!
Dutch CEO Yang Bin, who concocted a crypto mining Ponzi scheme in Singapore, was finally caught and sentenced to six years in prison! His A&A company lied about cooperating with Chinese mining companies, owning 70% of the equity of 300,000 mining machines, defrauding more than 700 people, and the amount involved was as high as 6.7 million Singapore dollars.
The company was established in April 2021. It used high daily interest rates as bait, but in fact it was empty-handed and new money was used to make up for old accounts. The typical Ponzi scheme reappeared in the arena.
On August 26, Yang Bin pleaded guilty to eight counts in the Singapore National Court. In addition to six years in prison, he was also fined 16,000 Singapore dollars. Previously, the company's CTO Wang Xinghong was also sentenced to five years in prison for this case.
Spot Contract Junyangš@åę123
This case once again reminds the world: investment needs to be prudent, and don't be blinded by the temptation of huge profits. Share your anti-fraud experience and build a safe investment defense line together!
#cto #ē¾čåØä½ę¶éęÆļ¼ #ę°åøęēæTON #ē¾å½7ęPPIä½äŗé¢ę #WBTC
Dutch CEO Yang Bin, who concocted a crypto mining Ponzi scheme in Singapore, was finally caught and sentenced to six years in prison! His A&A company lied about cooperating with Chinese mining companies, owning 70% of the equity of 300,000 mining machines, defrauding more than 700 people, and the amount involved was as high as 6.7 million Singapore dollars.
The company was established in April 2021. It used high daily interest rates as bait, but in fact it was empty-handed and new money was used to make up for old accounts. The typical Ponzi scheme reappeared in the arena.
On August 26, Yang Bin pleaded guilty to eight counts in the Singapore National Court. In addition to six years in prison, he was also fined 16,000 Singapore dollars. Previously, the company's CTO Wang Xinghong was also sentenced to five years in prison for this case.
Spot Contract Junyangš@åę123
This case once again reminds the world: investment needs to be prudent, and don't be blinded by the temptation of huge profits. Share your anti-fraud experience and build a safe investment defense line together!
#cto #ē¾čåØä½ę¶éęÆļ¼ #ę°åøęēæTON #ē¾å½7ęPPIä½äŗé¢ę #WBTC
1/2 Niannian CTO Team JUST UNLEASHED A 30x BOOST ON DEXSCREENER
Weāre not knocking ā weāre blowing the doors off.
Visibility = MAXED
Momentum = IGNITED
Youāre either riding the wave or watching it leave you behind.
Buy. Shill. Meme. Repeat.
#CTO #Niannian #BNBChain #AltcoinSeason
Weāre not knocking ā weāre blowing the doors off.
Visibility = MAXED
Momentum = IGNITED
Youāre either riding the wave or watching it leave you behind.
Buy. Shill. Meme. Repeat.
#CTO #Niannian #BNBChain #AltcoinSeason
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SLERF Project Team DEV Burned Airdrop Tokens Community Donations Helped Repay 40,000 SOL Currently There Are 10,000 SOL Left to Repay The Project Team Does Not Want to Repay The Founder Currently Does Not Hold a Single SLERF Coin
SLERF is a severely undervalued coin Fully Circulating Token #slerf #slerfļ¼ęåäøäŗä¼ē¹ļ¼oh
SLERF Belongs to the Community Community Has Already Conducted SLERFCTO Let DEV Roll Out of the Community #cto
SLERF is a severely undervalued coin Fully Circulating Token #slerf #slerfļ¼ęåäøäŗä¼ē¹ļ¼oh
SLERF Belongs to the Community Community Has Already Conducted SLERFCTO Let DEV Roll Out of the Community #cto
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$Daram is a meme coin on the Ethereum chain, focusing on children with autism. The combination of decentralization and charity is an innovation in cryptocurrency. Welcome to follow our big goose community. #MemeforEveryChild #ForEveryChild #eth $Daram #Daram $BigGoose #meme $HundredTimesCoin #FDME #cto
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No pre-mining, completely transparent! $WOW Token takes you to experience true decentralized governance. Join us in making decisions together. #CTO #å åÆåøåŗēę“ #åøåŗč°ę“å¾ēęŗä¼ļ¼ $SHIB #å£čÆč”ę
é¢ęµ #ęÆē¹åøęē„åØå¤
Just want to share (probably nothing).
I found a #meme token in #Solana which have a potential to #explode !!
It's a #CTO token, have an active TG group, already sold some merch.
I have spent some bucks, wishing an exponential increase.
I share this to the #binancesquare to be an evidence, whether my dream come true or it's just a dream. Hopefully #Binance will list the token, when more liquidity come in place.
#DreamBig
I found a #meme token in #Solana which have a potential to #explode !!
It's a #CTO token, have an active TG group, already sold some merch.
I have spent some bucks, wishing an exponential increase.
I share this to the #binancesquare to be an evidence, whether my dream come true or it's just a dream. Hopefully #Binance will list the token, when more liquidity come in place.
#DreamBig
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Aptos Surprises with Strong Price Increase Thanks to the Meme-Fueled "Community Takeover"
š„ Aptos (āØc-130/ā©) just had a strong price jump of 17% in 24 hours, reaching a peak of $6.57 ā the highest since early February. This event was driven by a surprising community movement led by a trader named BuzzlamicJihad.
Aptos and the āCommunity Takeoverā ā A New Trend in Crypto?
The term "community takeover" (āØt-78/ā©) is spreading widely as a group of investors decides to take control of Aptos by... memes.
Aptos and the āCommunity Takeoverā ā A New Trend in Crypto?
The term "community takeover" (āØt-78/ā©) is spreading widely as a group of investors decides to take control of Aptos by... memes.
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#slerf The project party mistakenly burned the airdrop coins, causing investors to lose over ten million dollars. They are crying on X space, appealing to the community to help them repay the money. Currently, there are still more than 10,000 SOL that have not been refunded. However, they haven't put out a single cent to repay and have launched a new project to harvest the community. Currently, the project party does not have a single coin; this coin is severely undervalued. Fully circulating. The current price is $0.1, and all major exchanges have listed it, only Binance is left. How much do you think this coin will rise after being listed? #slerfä¼ę“ę¶Øå? The CTO community has already initiated to take over this coin. #cto
Pinke is a new cult
$Ponke is going to be the main meta of this bullrun. $Ponke is young . The narrative of Ponke is going to explode and all attention will be there. If you missed $Ponke on early stage donāt miss $Pinke now. $Pinke is a brother of $Ponke. $Pinke doesnāt work hard - he works smart. The pink color and lifestyle makes him unique. $Pinke is project on blockchain with the greatest narrative of this bullrun, unique content and amazing community. New cult was born. Join the cult. Join $Pinke
Ca:
5xi82LyRRvcXFtoZTBw96L8VptwysDVfPSn7tZFMpump
#ponke #Pinke #meme_coin
Ca:
5xi82LyRRvcXFtoZTBw96L8VptwysDVfPSn7tZFMpump
#ponke #Pinke #meme_coin
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