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Find out more about Flare Airdrop: The much anticipated Flare network token airdrop for Ripple’s native crypto, XRP holders finally happened after major digital asset exchanges support. However, the Ripple cto does not seem to like the delivery of the drop.
Ripple CTO has a problem with Flare Airdrop.
David Schwartz, Ripple CTO in a tweet highlighted that the current Flare holding rules have left no incentive. And sold their distress chips. However, he claimed that the incumbents would not lose anything if they sold now.
He went on to say that it is true that they will not receive subsequent releases. A receiver would get 100 per cent of its value when it decides to sell its rocket because the buyer can easily wrap it and get the drop.
But Ripple cto thought this decision was very odd. He said there was just one solution, In short, the network did not want to honour its commitment and simply wanted to distribute only 15% of everything that had been promised.
Ripple CTO stated that he feel bad as he loved this project and wished the best for but in his honest opinion that Flare has leveraged the XRP community to develop. However, its promises were weakened when it felt it no longer needed them.
Schwartz pointed out that they claim that xrp has evolved and has not fulfilled some of the promises that were made in the beginning.
FLR price down by 45%
Flare price have dropped by more than 45% since the airdrop. It trades at an average price of $0.0436 per press hour. Its 24-hour turnover increased by 15% to $83.3 million.
- ripple (XRP)
