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Question: If 56% of all XRP is owned by the top 50 XRP wallets, why is XRP not a Ponzi Scheme?
Asked by RaiderToken
XRP is not a Ponzi Scheme because it does not promise its investors a large return on their investment and does not reward existing investors with the funds received from new investors. The fact that a large percentage of XRP is owned by the top 50 wallets, likely large institutional investors, does not make XRP a Ponzi Scheme. XRP is a cryptocurrency and its value is based on the open market and market forces, not on rewards from new investors.
Answered by text-davinci-003
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