Ripple CTO exposes hidden facts on XRP investor lockups RippleXRP XRPArmy $XRP XRPCommunity XRPholders
In the post, Schwartz underlined 10 points under the caption,"Here's how I've been explaining it recently." At the end of the post, Schwartz stated,"I think that pretty much covers our vision. There is of course no guarantee for success."As usual, the throwback elicited reactions from members of the crypto community who sought to know what Schwartz meant in certain lines of the post.
A sentence in the post reads,"Anyone who gets XRP from us as some part of a deal with a lockup has their incentives aligned with ours. They want the long-term price of XRP to go up too."At the time, the option was offered to institutional buyers, who might buy XRP with a lockup.failedWe stopped using lockups a long time ago. They don't really work the way I initially hoped they would."We stopped using lockups a long time ago.
Simply defined, token lockup is the practice of limiting the transferability of tokens for a predetermined amount of time, including those obtained through airdrops, initial coin offerings or sale events. Investors are not permitted to transfer or sell their tokens during the lockup period. A token lockup has two purposes: first, to incentivize long-term investment in a project or company, and second, to prevent large amounts of tokens from flooding the market.
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