Ripple Labs recently unlocked a large number of XRP tokens from the escrow as a part of its monthly distribution of tokens. There are three distinct transactions that were executed to distribute the most recent unlock, and investors are taking note. The savviest investors diversified with TCRV, the utility token of the Tradecurve hybrid exchange, as it promises solid returns, and we will go over the recent performance of both projects to see how they stand out.
Ripple Labs Unlocks 1 Billion Tokens Through Three Separate Transactions
The initial distribution of the tokens was divided among Ripple, and Ripple’s co-founders, alongside the core team. Out of the 100 billion tokens, Ripple initially received 80 billion, while the remaining 20 were allocated to the co-founders and the core team of the project.
In order for them to ensure a controlled and stable supply, Ripple locked 55 billion tokens, and it is from this pool of locked tokens that they conduct unlocks.
Through recent movements, Ripple Labs initiated the unlocking of a lot of their XRP holdings from escrow, making their monthly distribution of the tokens a reality. The unlock occurred within three different transactions. XRP is a digital asset that operates on top of the XRP Ledger, an open-source platform, and they are all pre-mined, with a maximum cap of 100 billion tokens.
As of June 4, 2023, the XRP cryptocurrency traded at $0.535955. In the last 30 days, XRP is up 15.7%. In the last week alone, XRP experienced a climb of 13.3%. With this in mind, investors and traders can expect a bullish outlook for the token, but it is not the only one that has seen a solid increase.
Tradecurve Enables Borderless Access to Crypto and Derivatives
The utility token behind Tradecurve, TCRV has experienced a 25% increase in value the previous week and now, during Stage 3 of its presale, trades at $0.015. The presale stage is already 34.79% complete, and 26,095,067 TCRV has already been sold. During the next stage, the value will increase to $0.018.
The Tradecurve ecosystem is powered by TCRV and enables users to access features like augmented trading with AI, where traders can create trading systems to enhance and optimize the performance of their portfolios. There will also be a social trading infrastructure with a subscription model alongside a dedicated Trading Academy that will teach newbies everything they need to know.
Users are not required to complete A KYC procedure in order to use the platform, and they can easily just make deposits in crypto, then trade any derivative or cryptocurrency with their deposit.
The team will also implement Proof of Reserves (PoR) to bolster transparency. Based on all of these aspects, TCRV is expected to climb 100x at launch, making it an even higher-growth altcoin than XRP and a solid option for diversification.
Learn more about Tradecurve and the TCRV token below:
Click Here To Buy TCRV Presale Tokens
