Just got this email about free ripple, then another with the .it ending in senders email. The first was from "team Ripple.com"
Ripple Logo Proof-of-Keys Ownership and Staking Event We've always been proud to have the largest and most active Community since our project began.
Our thanks go to all of you out there supporting and promoting the XRP vision and ground-breaking financial technology.
To show our gratitude and also celebrate our Community, we are launching the Proof-of-Keys Ownership and Staking Event for our valued Community members.
The Sustainability of XRP and its Economic Ecosystem 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 November 2020 Starting November 2020, Ripple is making fast moves towards economic rebound. With two major pillars, the Incentive Plan and Community Support Outreach 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 Support Outreach 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 (XRP CSOP) 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
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