Ripple’s initial issuance price
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- 2024-04-19 10:10:10453browse
Ripple was originally issued in 2012 with an issuance price of $0.005 per coin. Ripple issued 100 million XRP coins through a pre-sale, raising $500,000, with the remaining XRP coins retained by Ripple for ecosystem participant rewards and other uses.
The initial issuance price of Ripple Coin
Ripple Coin (XRP) was issued in 2012, and the initial issuance price per coin was 0.005 USD.
Detailed Description
- Ripple was created by Ripple Corporation and was originally known as Ripple Credits.
- In 2012, Ripple issued 100 million XRP coins through a pre-sale, selling for $0.005 each.
- The pre-sale, open to invite-only investors, raised $500,000.
- The remaining XRP coins after the pre-sale will be retained by Ripple Corporation to reward ecosystem participants and for other purposes.
- The price of XRP has fluctuated significantly since its initial release, reaching as high as $3.84 (January 2018).
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