Rauschied(@Rauschied)'s insights

Bullish

Futures Uses of Crypto...

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

114,107.91

+1.01%

XRP

2.9754

+3.46%

ETH

4,341.33

+5.22%

391

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Why $XRP has 100B Max Supply and 99.99B Total Supply? The reason of 99.99 billion instead of exactly 100 billion is because of burning through transaction fees. Every transaction on the XRP has fee of 0.00001 XRP. These fees are burned permanently. This reduces the total supply. That difference is due to burnt XRP since launch. If XRP is acquired internationally, traders will do more transactions daily, XRP will be burnt in fee. By the time, the total supply would contract more, causing scarcity, and the price will boost.

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