How does opencoin maintain operation?

How does opencoin maintain operation?

Postby goldenmail » Mon Sep 02, 2013 9:12 am

1. venture capital, 1 million USD?
2. sell xrp to get cash
right?
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Re: How does opencoin maintain operation?

Postby ahbritto » Mon Sep 02, 2013 9:24 am

OpenCoin is funded by investments and the sale of XRP. Amounts have not been disclosed.
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Re: How does opencoin maintain operation?

Postby goldenmail » Tue Sep 03, 2013 12:55 pm

ahbritto wrote:OpenCoin is funded by investments and the sale of XRP. Amounts have not been disclosed.

Thanks for your reply!
Does opencoin sell XRP directly by gateway or sell to the third party?
In early August, there was a big account with hundreds of million sold XRP for about two weeks and cause the xrp price drop to 400xrp/usd. Did it have a relationship with opencoin?
Will opencoin sell XRP in the short furture?
Thanks!
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Re: How does opencoin maintain operation?

Postby ahbritto » Tue Sep 03, 2013 3:42 pm

goldenmail wrote:Does opencoin sell XRP directly by gateway or sell to the third party?

I'm not sure what you're asking. OpenCoin does not sell XRP to the general public.
goldenmail wrote:In early August, there was a big account with hundreds of million sold XRP for about two weeks and cause the xrp price drop to 400xrp/usd. Did it have a relationship with opencoin?

See: https://ripple.com/forum/viewtopic.php?f=3&t=3270
goldenmail wrote:Will opencoin sell XRP in the short furture?

Yes. OpenCoin has been selling and will continue to sell XRP to fund opperations.
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