- Panos Mekras suggested Ripple donate about 30 billion XRP to XRPLF.
- He hopes XRPLF will oversee the utilization via grants, marketing, and educational campaigns for XRP.
- Ripple’s CTO stated that executing the proposal is not feasible, citing responsible usage concerns.
Ripple CTO David Schwartz responded to a proposal advocating for Ripple to donate most of the tokens held in escrow to the XRP Ledger Foundation (XRPLF) to benefit the XRP community. The suggestion originated from Panos Mekras, co-founder of Anodos Finance, who believes locked-up XRP tokens in Ripple’s escrow would be of better use with XRPLF.
Specifically, Mekras suggested that Ripple donates to XRPL so the team can manage it and allocate the tokens across various initiatives, such as grants, marketing, educational campaigns, and other endeavors, to enhance the XRP ecosystem.
Additionally, Mekras argued that Ripple’s holding of more than 10 billion XRP may no longer be necessary. Latest data from Ripple API suggests the firm holds 40.1 billion XRP.
In response, Ripple’s CTO, David Schwartz, asserted that executing the proposal is not feasible. Schwartz highlighted that simply transfe…
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