đđ˘ XRP Myth BustedâInfluencer Shuts Down Persistent Misconception
In the ever-evolving world of crypto, myths can be as stubborn as they are misleading. One such myth haunting the XRP community has finally been called outâloud and clear.
This week, prominent crypto advocate All Things XRP took to social media to debunk a long-standing misconception: that more XRP can be created at will.
âXRP Is Not FiatâIt Canât Be Printedâ
âAll Things XRPâ drew a sharp distinction between XRP and fiat currencies. âXRP isnât like dollars or eurosâyou canât just mint more,â they stated. The XRP Ledger was launched in 2012 with a fixed maximum supply of 100 billion tokens. That limit is hard-coded and cannot be changedânot even by Ripple.
Scarcity by Design
Unlike many cryptocurrencies that are mined or governed by inflationary models, XRPâs full supply was created at launch. A large portion was gifted to Ripple Labs, which placed most of it in escrow to be released gradually. This ensures a transparent and predictable distribution.
Why the Myth Persists
Confusion often arises from the release of escrowed XRP, which some mistake for new coin creation. Others suggest itâs deliberate misinformation meant to discredit XRP.
âThereâs a big difference between unlocking existing tokens and creating new ones,â said All Things XRP. âXRP has always been non-inflationary.â
Educating the Community
The post has since gone viral, fueling efforts to educate newcomers and correct false narratives. As All Things XRP summed it up:
âThe truth is in the code. No more XRP can ever be made. Letâs end the myth and move on.â
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