Ripple seems to violate Coinbase's Crypto SEO framework

Coinbase: We will not list cryptocurrency if the company controls a majority stake

The Ripple price surged after listing on Coinbase.

The Coinbase GDAX Digital Asset Framework describes the types of encryption tokens it will list. On page five of the document, we read:

"The participation held by the team is a minority interest. There should be a lock-up period and a reasonable vesting schedule to ensure that the team is economically incentivized to improve the network in the future. "

If this last part is perhaps true, Ripple Labs is far from owning a minority stake. XRP Secret Secret: Ripple Labs controls more than 60% of the funds, whether it is blocked to finance operations or directly owned by the founders of the company. People frequently comment on this fact, especially when it comes to the actual market capitalization of the Ripple network. A report from Messari Research reveals that Ripple could have an overstated market capitalization of around 50%.

Ripple at a different level?

Unlike Bitcoin, Ripple's offer is distributed by one company. | Source: Shutterstock

Of course, Bitcoin is not innocent either. Many of his pieces are lost or "regrouped" to the point where they will never be exchanged. In any case, is the XRP really worth more than $ 13 billion? A massive sale would provide answers. But we have seen what happens at the price of XRP during declines and declines.

All these reasons are an integral part of the policies previously defined by Coinbase. Ripple was launched in the early days of the first ICO race. Internal inspection operations were conducted informally and scams were more widespread but less effective. It's no different from any other token with huge economic control in the hands of the "team".

XRP registration is not a direct violation, the standard applies to ICOs rather than established cryptographic currencies such as XRP. But one wonders why Ripple Labs should be treated differently.

The rewards of the founders are high everywhere

But, in reality, the "founder's reward" is high no matter where you look. Satoshi Nakamoto holds more than 1 million bitcoins. Vitalik Buterin currently manages at least one portfolio containing over 300,000 Aether.

At the same time, Coinbase has been criticized for listing several cryptocurrencies in recent months.