Ripple (XRP) CTO Criticizes This Altcoin That Has Dropped Hard Recently!

Ripple’s (XRP) chief technology officer David SchwartzRecently twitter‘in flareHe shared some of his criticisms of the much talked about airdrop.

Ripple (XRP) CTO Criticizes Flare Network As FLR Token Drops

In a thread of five tweets, Schwartz said, FLR tokens He noted that the current rules for holding and receiving subsequent airdrops leave no incentive not to sell them immediately.

The current Flare holding rules for subsequent airdrops leave absolutely no incentive not to sell your Flare now. You lose *nothing* if you sell now. 1/3

— David “JoelKatz” Schwartz (@JoelKatz) January 12, 2023

According to Schwartz, token holders lose nothing by selling immediately, as anyone who buys Flare tokens can keep them and receive an airdrop.

According to Schwartz, the new rules are “a very strange decision” and Flare seems to have tried “to deliver only 15% of what it promised”.

Schwartz also said that Flare’s Ripple He suggested that he used his community to grow and weakened his commitment when he felt he no longer needed his members.

The Ripple CTO concluded his Twitter message by softening his tone at the end of his messages and emphasizing that his statement was not intended to discredit Flare Networks. “However, that doesn’t make them dishonest or make their project a bad one, he said.

Schwartz said, “You can love XRP just as you can love Flare. Not one or the other. But I don’t have a positive feeling about how it turned out,” he said.

The Flare Network airdrop, which XRP holders were eagerly waiting for, finally took place earlier this week after major exchanges announced their support. However, the token lost 85% of its value after the event.

With this decline Flare (FLR) token price at the time of this writing $0.04360 dollars traded at levels.

*Not investment advice.