Coin Analysis

3.9
  • Ripple

  • Ripple provides an enterprise blockchain solution for global payments, by connecting banks, payment providers, digital asset exchanges, and corporates via the RippleNet network.
  • 3.9

Rating Insights

Ripple provides an enterprise blockchain solution for global payments, by connecting banks, payment providers, digital asset exchanges, and corporates via the RippleNet network. Built for enterprise use, XRP functions as a reserve/bridge currency, offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. In 2017, XRP soared 35,000%, but may have run ahead of itself and is at the moment in decline.

Category Rating

Click any score to view its breakdown and category insights
4.0
Product

Product

Array

Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

5.0
N/A
5 - Fully operational.
Appeal

Does this solution have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation and IP

Is there (patentable) innovation and intellectual property?

4.0
N/A
4 - Original, specialized.
2.8
Use of Blockchain

Use of Blockchain

“The value of RippleNet derives from its combination of a standardized technology, a global network of banks and payment providers, and a consistent set of rules and standards and a governance structure comprised of an advisory board of industry leaders. To join RippleNet, both members and users sign an agreement with Ripple and follow the rules and standards as outlined in the Rulebook, which eliminates the need for inefficient bilateral agreements.” “xCurrent creates a direct, secure connection between the banks. All payment data is sent directly between the institutions that are parties to the payment; neither Ripple (the company) nor any third party have access to this data. This design ensures that the banks have control over access to their customer data and how it is stored.” — Some have argued that Ripple’s sort of centralization with banks is antithetical to the decentralized and unregulated nature of cryptocurrencies. Others point out that Ripple is becoming increasingly decentralized through validator node diversity on the Ripple Consensus Ledger (RCL). Ripple controls RippleNet and owns 62% of the total XRP supply (with 55 billion locked up in escrow). Regarding the need for a custom token – the XRP has clear use cases, which sets it apart, but the software itself has value to banks regardless, and it remains to be seen on what scale they will rely on and use the XRP.

Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

Is it safeguarded against misuse and corruption?

2.0
N/A
2 - Some, but not much.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

Does the token provide holders with value other than as an investment?

2.0
N/A
2 - Centralized with some plans to decentralize.
Contribution to Blockchain Ecosystem

Does the solution contribute to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
3.8
Roadmap

Roadmap

With offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg, Ripple has more than 100 customers around the world. According to the company’s info, XRP consistently handles 1,500 transactions/second and can scale to handle 50,000 (the same as Visa). From 2012–2016, Ripple raised $93.6 million from top VC firms including Andreessen Horowitz, Google Ventures, and many more. The Japan Bank Consortium has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank. TechCrunch founder Michael Arrington is raising $100 million for a hedge fund, Arrington XRP Capital, which will require all limited partners to make investments in XRP and will use XRP for all distributions and fees.

Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

Does it seem as though a lot of know-how and experience went into the development plan?

5.0
N/A
5 - Available, trustworthy, recognized.
Current Position

Is the project currently sufficiently far along in its development plan (relative to its vision and plans)?

3.0
N/A
3 - Getting there.
4.4
Compliance

Compliance

Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts, and payment providers can expand into new markets, lower exchange costs, and provide faster settlement. Ripple works with each bank to identify and assist them with meeting all relevant regulatory requirements ahead of integration. When using xCurrent, a bank’s customer onboarding and know your customer (KYC) obligations remain unchanged. Regulatory treatment is dependent on several factors including the type of client (license, charter, and designation), location, volume and scope of activity, and more. On the one hand, investment in XRP is not investment in Ripple (the company); with specific use cases and transaction speeds of under 5 seconds, XRP users (banks) have no need of holding on to substantial amounts of XRP for long periods of time, and volatility disincentivizes them from doing so. On the other hand, XRP value is tied to activity on the network which the company is diligently working to develop and grow, and since the majority of XRPs are still held by the company, clearly the plan is for XRP value to appreciate over the long term, so it’s appealing to try to capitalize on that.

Token Utility (value through usage)

Is there a concrete business plan (vs. market descriptions, general sentiments, and fluff)?

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

Is the business model realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Not as such, or compliance is assured.
Token/Smart-Contract Readiness

Are the solution's revenue streams, profit mechanisms, key KPIs, etc. clear and easy enough to understand?

5.0
N/A
5 - Fully operational.
Attention to Compliance Issues

Is the project raising an amount of money that makes sense given what it needs to reach profitability?

5.0
N/A
5 - Professional, audited.
Legal Review/Risk Assessment

Is it safe from legal, moral or investor abuse?

4.0
N/A
4 - Professional.
4.6
Company and Team

Company and Team

"Founded in 2012, US-based, has raised over $90 million in nine rounds of venture funding, more than 100 customers, etc. Ripple's lead team appears to be highly qualified, skilled and competent. The company has 150 employees. Ripple was co-founded by Chris Larsen (who had previously founded the lending services companies E-Loan and Prosper) and Jed McCaleb (by then creator of eDonkey and Mt. Gox), based on Ripplepay, which was first developed in 2004 by Ryan Fugger. McCaleb left in 2013 following a deal that failed to go through with Stripe, then announced he would be dumping his share of 9 billion XRPs just as he and Joyce Kim were launching Stellar (causing XRP price to fall by 40%; an agreement was reached restricting the amount to be sold per year). Larsen stepped down as CEO in November 2016 and now serves as executive chairman. Currently CEO is Brad Garlinghouse, who was formerly COO and previously held senior positions in AOL and Yahoo. Chief Cryptographer David Schwartz has been with the company from the start. Ripple and R3 are in the midst of a legal battle concerning a deal from 2016 that included an option for R3 to buy 5 billion XRPs for less than a penny. "

Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

5.0
N/A
5 - Well established, has raised significant funds.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

5.0
N/A
5 - Skilled and balanced, fully committed.
Team Skill Set Relevance

What is the level of presence, added value, and commitment of the advisory board?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

5.0
N/A
5 - Excellent, all aspects covered.

Product

Array

Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

5.0
N/A
5 - Fully operational.
Appeal

Does this solution have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation and IP

Is there (patentable) innovation and intellectual property?

4.0
N/A
4 - Original, specialized.

Use of Blockchain

“The value of RippleNet derives from its combination of a standardized technology, a global network of banks and payment providers, and a consistent set of rules and standards and a governance structure comprised of an advisory board of industry leaders. To join RippleNet, both members and users sign an agreement with Ripple and follow the rules and standards as outlined in the Rulebook, which eliminates the need for inefficient bilateral agreements.” “xCurrent creates a direct, secure connection between the banks. All payment data is sent directly between the institutions that are parties to the payment; neither Ripple (the company) nor any third party have access to this data. This design ensures that the banks have control over access to their customer data and how it is stored.” — Some have argued that Ripple’s sort of centralization with banks is antithetical to the decentralized and unregulated nature of cryptocurrencies. Others point out that Ripple is becoming increasingly decentralized through validator node diversity on the Ripple Consensus Ledger (RCL). Ripple controls RippleNet and owns 62% of the total XRP supply (with 55 billion locked up in escrow). Regarding the need for a custom token – the XRP has clear use cases, which sets it apart, but the software itself has value to banks regardless, and it remains to be seen on what scale they will rely on and use the XRP.

Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

Is it safeguarded against misuse and corruption?

2.0
N/A
2 - Some, but not much.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

Does the token provide holders with value other than as an investment?

2.0
N/A
2 - Centralized with some plans to decentralize.
Contribution to Blockchain Ecosystem

Does the solution contribute to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Whitepaper

Comprehensiveness

Does it cover the full scope of the problem and solution?

N.0
N/A
N/A
Readability

Is it easy enough to understand?

N.0
N/A
N/A
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

N.0
N/A
N/A
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

N.0
N/A
N/A
Technology Presentation

Does it present a well thought out technological architectecure? Does it address implementational challenges?

N.0
N/A
N/A

Roadmap

With offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg, Ripple has more than 100 customers around the world. According to the company’s info, XRP consistently handles 1,500 transactions/second and can scale to handle 50,000 (the same as Visa). From 2012–2016, Ripple raised $93.6 million from top VC firms including Andreessen Horowitz, Google Ventures, and many more. The Japan Bank Consortium has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank. TechCrunch founder Michael Arrington is raising $100 million for a hedge fund, Arrington XRP Capital, which will require all limited partners to make investments in XRP and will use XRP for all distributions and fees.

Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

4.0
N/A
4 - Long term.
Dependencies (services or capabilities)

Does it seem as though a lot of know-how and experience went into the development plan?

5.0
N/A
5 - Available, trustworthy, recognized.
Current Position

Is the project currently sufficiently far along in its development plan (relative to its vision and plans)?

3.0
N/A
3 - Getting there.

Compliance

Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts, and payment providers can expand into new markets, lower exchange costs, and provide faster settlement. Ripple works with each bank to identify and assist them with meeting all relevant regulatory requirements ahead of integration. When using xCurrent, a bank’s customer onboarding and know your customer (KYC) obligations remain unchanged. Regulatory treatment is dependent on several factors including the type of client (license, charter, and designation), location, volume and scope of activity, and more. On the one hand, investment in XRP is not investment in Ripple (the company); with specific use cases and transaction speeds of under 5 seconds, XRP users (banks) have no need of holding on to substantial amounts of XRP for long periods of time, and volatility disincentivizes them from doing so. On the other hand, XRP value is tied to activity on the network which the company is diligently working to develop and grow, and since the majority of XRPs are still held by the company, clearly the plan is for XRP value to appreciate over the long term, so it’s appealing to try to capitalize on that.

Token Utility (value through usage)

Is there a concrete business plan (vs. market descriptions, general sentiments, and fluff)?

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

Is the business model realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Not as such, or compliance is assured.
Token/Smart-Contract Readiness

Are the solution's revenue streams, profit mechanisms, key KPIs, etc. clear and easy enough to understand?

5.0
N/A
5 - Fully operational.
Attention to Compliance Issues

Is the project raising an amount of money that makes sense given what it needs to reach profitability?

5.0
N/A
5 - Professional, audited.
Legal Review/Risk Assessment

Is it safe from legal, moral or investor abuse?

4.0
N/A
4 - Professional.

Company and Team

"Founded in 2012, US-based, has raised over $90 million in nine rounds of venture funding, more than 100 customers, etc. Ripple's lead team appears to be highly qualified, skilled and competent. The company has 150 employees. Ripple was co-founded by Chris Larsen (who had previously founded the lending services companies E-Loan and Prosper) and Jed McCaleb (by then creator of eDonkey and Mt. Gox), based on Ripplepay, which was first developed in 2004 by Ryan Fugger. McCaleb left in 2013 following a deal that failed to go through with Stripe, then announced he would be dumping his share of 9 billion XRPs just as he and Joyce Kim were launching Stellar (causing XRP price to fall by 40%; an agreement was reached restricting the amount to be sold per year). Larsen stepped down as CEO in November 2016 and now serves as executive chairman. Currently CEO is Brad Garlinghouse, who was formerly COO and previously held senior positions in AOL and Yahoo. Chief Cryptographer David Schwartz has been with the company from the start. Ripple and R3 are in the midst of a legal battle concerning a deal from 2016 that included an option for R3 to buy 5 billion XRPs for less than a penny. "

Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

5.0
N/A
5 - Well established, has raised significant funds.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

5.0
N/A
5 - Skilled and balanced, fully committed.
Team Skill Set Relevance

What is the level of presence, added value, and commitment of the advisory board?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

5.0
N/A
5 - Excellent, all aspects covered.

Token Sale

Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

N.0
N/A
N/A
Raise Amount Min

Is the minimum raise reasonably enough to carry out the majority of the development plan? Are there raise amount dependent milestones?

N.0
N/A
N/A
Fund Allocation

Is fund distribution and allocation reasonable and justified?

N.0
N/A
N/A
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

N.0
N/A
N/A
Media Presence and Following

Is the ICO well planned in terms of time, phases and scenarios?

N.0
N/A
N/A

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