Ripple CTO raises concerns about Flare proposal: here's why FLR $FLR RippleXRP XRPArmy FlareNetwork FlareCommunity
seems not to be so pleased with the Flare governance proposal which, if passed, would consist of a set of changes that would impact the distribution and inflation of the Flare blockchain's native token.
There are two things. One is that it gives XRP holders only 15% of what they were promised. The other is that it builds in a lot of monetary expansion that doesn't seem to benefit anyone.He cites two reasons: the first is that it gives XRP holders only 15% of what they were promised. Second, it builds in a lot of monetary expansion that does not seem to benefit anyone.
On Jan. 9, Flare had its token airdrop, which marks the first 15% of the overall public token distribution; the Flare tokens were distributed to eligible users at a ratio of 1 XRP to 0.1511 FLR. The remaining 85% will be allocated over 36 months.Over the weekend, Flare Network announced that the threshold for the vote on FIP01 had been reached.
He claims that the new rules represent"a very strange decision," implying that Flare simply leveraged the XRP community as a growth tool before eroding its commitment.
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