@FlareNetworks It Flare was fully launched already, then after Ripple lawsuit, XRP say did even just 10x....
Would this be bad for the security of f-assets? Given that instead of being secured with 2.5x in flr, it could, especially if there is exponential growth, become far less?
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In the words of a community member 'delegation is a fun game where you can bet on who can provide the best price feeds to the network at no cost to yourself' and get rewards in return. 5/n
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@giantsfanfanfan @CryptoKalzo@HugoPhilion If XRP/SGB was to just 10x after the lawsuit, then FXRP would only be backed by 0.25x the value in SGB.. Makes a lot of sense to wait
@giantsfanfanfan @CryptoKalzo@HugoPhilion $FXRP will not be backed by 2.5x the value in $SGB if the $FXRP is minted before the lawsuit is over.
XRP's price going up >10x for example, would affect the security of these assets on the network. That is if the $XRP gains are far greater than $SGBs gains.. right?
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Just posted a tweet on this. But i will clarify further, we’re exploring a more focused use case for this project and because of this it’s taking more time to settle certain aspects such as the website, whitepaper roadmap and so on. Join the discord, we have big things planned.