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True XRP Market Cap is located at $ 37 billion with the inclusion of deposit tokens
The Digital currency XRP it was among the best results in 2018 after regaining its second position in market capitalization towards the end of the year.
However, there have been a couple of debates on the effective market capitalization Token XRP due to a number of its digital coins that are held under warranty. This led to a group of XRP and crypto stakeholders disagreeing with the value shown in the coin markets.
Most cryptographic market participants visit CoinMarketCap for cryptographic analysis updates. The platform enjoys over 60 million views over a period of 30 days, placing it ahead of its competitors. The XRP market capitalization and other similar statistics tokeneconomics they are among the information contained in CoinMarketCap.
Despite the high reliability of CoinMarketCap, a group of analysts inside the crypto-arena has criticized their approach to the calculation of the market capitalization of XRP. This is because there is a discrepancy in their figures as it is not clear whether to include the Escrow tokens during the calculation.
XRP Restricted Coins (Escrow)
L & # 39; amount Ripple assigned to its commitment in 2017 amounts to 55 billion Token XRP. According to the team, this move was intended to regulate the tokens in circulation while creating a certain environment for investors. In his own words, Brad Garlinghouse, he said that;
"We will use the commitment to establish 55 contracts of 1 billion XRP each that will expire on the first day of each month from the months 0 to 54. Upon expiration of each contract, the XRP will be available for use. of Ripple. "
Towards the end of 2018, Ripple had implemented a good part of the gradual release of Escrow. Information from the company's website showed that it contained 6,697,617,894 Token XRP while the total number in the distribution stood at 40.794.121.066. In addition, the Escrow tokens had reduced from 55 billion to 52,500,000.013 XRP coins.
XRP Market Cap Calculation
The topic concerns the inclusion or exclusion of Escrow tokens in the calculation. As you would expect, Ripple has included the Escrow tokens held in their calculations so a higher value indicated on the company website than the CoinMarketCap data. The approach adopted by Ripple values the digital asset uses 99 billion tokens while the latter calculates based on the number of tokens in circulation.
To reach an agreement, we must define market capitalization. The information provided by Investopedia shows that it is necessary to incorporate all outstanding shares to achieve a company's market capitalization. Therefore, we should include restricted shares, which means that the commitment is held Token XRP should be part of the value of the digital currency.
Based on the topic above, the Xprp market cap would be 37 billion dollars just as indicated on the company's website. You might ask why not applying the same method on BTC? This would keep water if the BTC coins were pre-developed, but the network was designed to facilitate extraction. Basically, we can not guarantee the complete supply of 21 million bitcoin from the date of printing.
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