In response to multiple industry reports showing inflated exchange trading volumes Ripple has announced that it will change the way it sells treasury tokens. In a blog post the company stated that it will work with partners to understand the scope of this issue and will look at alternative sources of data for calculating sales. Historically, Ripple has targeted programatic sales equal to 0.20% of XRP volume based on CoinMarketCap data. In the second quarter of 2019 Ripple plans to be more conservative with this target, cutting it to around 0.10% of volume.
Messari released an in-depth report highlighting these issues for our Unqualified Opinions subscribers in April. Make sure you stay ahead of industry trends by subscribing today. If you would like to preview this report before subscribing contact us at research@messari.io.