The flarenetworks founder has spoken out about the recent controversy
The proposal aims to improve the token distribution model and reduce inflation while encouraging participation in the network.He then seeks to explain that their intention is not to ignore these feelings, but instead address the prior model’s issues to facilitate a smoother redistribution of tokens from those who don’t want them long-term, to those who do.
The CEO of Flare then emphasizes that XRP holders exclusively received FLR for simply holding it and Flare has been"the only major VC-backed project building around the XRP ecosystem".Philion provided additional insight into just how difficult it had been for him to convince venture capitalists of their commitment towards XRP-related endeavors in order for them to receive funding.
Schwartz also accused Flare Networks of leveraging the XRP community for growth before weakening its commitment when it no longer felt it needed its members.
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