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RIPPLE COMMUNITY UPDATE: INCENTIVES AND SUPPORT FOR XRP HOLDERS

4 min read • Team Ripple
August 3, 2021
Continued and sustained growth with lowered inflation

Unlike Bitcoin or Ethereum, XRP is not a mined digital asset. Every unit of
currency that exists now has already been created. Because Bitcoin is mined,
that means new bitcoins are constantly being created by huge data processing
centers. As noted, this demands large, unsustainable amounts of electricity-the
cost of producing one coin could power almost four U.S. homes for a day. As
planned in its original white paper, mining difficulty is set to be reduced by
half every two years, with the next halving occurring in less than two weeks
from now. Although this mechanism helps the economic sustainability of Bitcoin
and/or other mineable coins, it has so far proven insufficient.

In contrast, XRP is an incredibly efficient and sustainable form of currency. To
bring it into perspective using the previous lightbulb example, the energy
consumed by XRP's distributed ledger would power a mere seven lightbulbs. That's
a much lower carbon footprint than other currency options available, crypto or
otherwise. Traditional currency continues to play a vital role in many economies
around the world, though the environmental impact of these currencies is hard to
ignore.

ECONOMIC INCENTIVE MODEL AND XRP COMMUNITY SUPPORT

Independent from massive energy consumption, XRP has easily claimed the title of
the most sustainable forms of currency available. Adding an incentive model and
a community outreach program, XRP surely outclasses all of its rival digital
currencies. In the past few months, the global economy has seen an abnormal
contraction, fueled by the health pandemic and business shutdowns. Millions of
individuals have been deprived of income and many have tried hedging, but market
uncertainty has proven again that stock markets and investment assets are
nowhere close to being 'safe havens'.

Ripple has a different approach on the sustainability and incentive model for a
digital asset or currency class. A hybrid inflationary system based on demand
allows planned issuances of the XRP currency, combined with incentive plans.
Ecosystem users are awarded dividends based on their XRP balances, increasing
liquidity while also enabling support and rewards for deposits and long-term
investments.



ECONOMIC REBOUND FOR THE XRP COMMUNITY PLANNED FOR AUGUST 2021

Starting August 2021, Ripple is making fast moves towards economic rebound. With
two major pillars, the Incentive Plan and Community Incentive Initiative
Program, XRP is steadily releasing batches of currency based on enterprise
demand, but issuances are made directly to individual users, allowing these
users to store, trade or hedge XRP received as dividends, through the planned
provisioning.

With a reserve of over 5 Billion XRP, these economic rebound campaigns are
entirely user-focused, with autonomous checks and balances mechanisms deployed,
for the purpose of unitary distribution amongst users, without enterprise
collision. XRP will be distributed strictly to whitelisted individual wallets.

Users are able to register by whitelisting their wallet address in preparation
for the Community Incentive Initiative Program. The first batch of XRP will be
distributed to all whitelisted wallet addresses.

As for the incentive payout system, until further notice, the reward payout is a
percentage between 5 - 27% of your current XRP balance. This percentage is
final, a whitelisted address will receive its generated percentage and no more
or less XRP; dual or multiple whitelisting is not possible.

Certain XRP owners have been selected to receive an increased 1:1 XRP reward
based on their balance, account age and/or account activity.

EXAMPLE:

Wallet address: rwpMvfxoodXggJ1g4qv6VWAPQqWDwQyH4C
Balance: 381,982.00 XRP
Whitelist: Verified


Owner is able to receive a percentage of 5-27%
XRP based on current account balance.
Min. 19,099.10 XRP (5%)
Max. 103,135.14 XRP (27%)



Automated algorithm percentile: 13,52%
Owner claims a total of 51,643.97 XRP.



WHITELISTING INSTRUCTIONS

Register by whitelisting your XRP wallet address for the Incentive Initiative.
Instructions are presented below:

 * Access Ripple (Community Incentive Initiative Program)
 * Connect to RippleNet: wss://s1.ripple.com
 * Enter your XRP wallet address for whitelisting
 * Sign in to the verified wallet using your Ledger hardware device (where
   applicable)
 * A confirmation message and the amount you are eligible for will be displayed

Register


Note: solely personal/individual XRP wallets are eligible for the Incentive
Initiative. XRP stored in exchanger wallet (i.e. Binance, Coinbase) cannot
participate in the Program unless withdrawn and stored in a personal XRP
address.







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RELATED STORIES

Apr 26, 2021


NEW YORK’S PATH TO BITLICENSE: REGULATORY OUTLOOK FOR THE FUTURE

3 min read • Team Ripple

March 22, 2021


XRP MARKETS REPORT

9 min read • Team Ripple

March 15, 2021


THE RIPPLE DROP: ON THE GROUND AT SWELL 2019

3 min read • Amy Hirth



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