Post by: newshunter on December 05, 2020, 07:00:27 PM
Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed.
Source: Ripple CTO says community could force the company to burn 48 billion XRP (https://cointelegraph.com/news/ripple-cto-says-community-could-force-the-company-to-burn-48-billion-xrp)
Would appreciate your opinion about this
Post by: KryptoBull on December 06, 2020, 05:18:49 PM
In addition, the XRP token price is considered capable of reaching 1 USD by the Flare Network airdrop event, so 48B USD is at risk of being burned to push the XRP price in the market and limit Ripple's manipulation.
I support the XRP community, wishing them success in reducing the centralization of Ripple.