Home / ukraine / Coin Metrics researchers found a $ 84 million discrepancy in Ripple reporting and XRP blocking data

Coin Metrics researchers found a $ 84 million discrepancy in Ripple reporting and XRP blocking data



According to analysts from Coin Metrics, during the study of the previous quarterly reports of the Californian company Ripple, they revealed significant discrepancies between the figures mentioned there and the data from the public XRP blockchain.

In particular, in the third quarter of 2018 and the first quarter of 2019 reports, Ripple underestimated the volume of XRP issued by the e-escrow portfolio. The total difference, according to analysts, was around 200 million XRP or $ 84 million in pace at the time of the report's publication.

It is also stated that the »XRP escrow queue works differently than the Ripple claims. According to the company, unused funds are returned to the store, re-released in the first month without existing security.

However, as the XRP blockchain data show, Ripple actually distributes tokens, with a monthly provision of 1 billion XRP.

Coin Metrics analysts have also found that Ripple is launching additional XRP & # 39; s from its escrow wallets that are not part of the process described above. According to their data, 55 million XRP & # 39; s have been issued in this way as of today, the majority of which was subsequently sent to the Bitstamp exchange.

Remember that on 1 May, 1 billion XRP tokens were frozen in the Ripple escrow account. It is assumed that they will be used for various changes in the Ripple ecosystem, as well as for direct sales.

In April, the company Ripple published a financial report for the first quarter of 2019, according to which sales of XRP tokens increased by 31% compared to the previous quarter and reached $ 169.42 million.

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