XRP Healthcare, the leading Pharma and healthcare platform built on the XRP Ledger says beginning from today, all new staking contracts for its token XRPH will cease. This halting of staking service will help protect the limited supply of XRPH which stands at 100 million.
XRP Healthcare Push To Wade Off Scarcity
Notably, the 100 million supply was released at the issuance of XRPH token. That quantity was subsequently “black-holed” in September 2022 after the issuance. The implication is that these quantities of tokens cannot be spent as they have been confined to an irretrievable address. Nevertheless, those who are already staked will continue until their terms expire.
In essence, this guarantees that no new tokens will be accessed or created. This is because the total XRPH token will never exceed 100 million. The limited supply of XRP Healthcare tokens could trigger scarcity and a surge in value for the limited number of holders.
The decision to cease new staking heralds XRP Healthcare’s resolution to principally focus on real-world medical business and pivot from digital token activities. The company over the years has transformed the healthcare services sector by leveraging blockchain technology, notable amongst which is the Sologenic event in 2022.
XRPH has carried out innovative health related investments in the United Arab Emirates and selected countries, with extension across Africa. The XRPH’s approach includes merger and acquisition, where possible, with existing private healthcare facilities.
XRPH’s Commitment to Sustainable Healthcare Solutions
Whitney Lynn, Chairman of XRP Healthcare maintained that the switch to concentrate on practical applications, particularly in Uganda will help it to make a significant positive impact in the health sector as it strengthens its business model simultaneously.
Commenting on the need to halt new staking, Laban Roomes, Business Development Officer at XRP Healthcare, stated,
“Halting new staking of the XRPH token is a crucial step to ensure the long-term value and scarcity of our tokens. Our aim is to bring sustainable and high-quality healthcare solutions to communities that need them the most.”
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