Futureverse CEO Claims rXRP:XRP 1:1 Backing on The Root Network

Published 27/11/2023, 14:35
Futureverse CEO Claims rXRP:XRP 1:1 Backing on The Root Network
XRP/USD
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Coin Edition -

  • According to Aaron McDonald, all rXRP tokens on the Root Network are backed 1:1 by XRP.
  • McDonald explained that the project is consolidating accounts to make it easier to track.
  • The Futureverse CEO promised to release a more formal report on the topic.

According to Aaron McDonald, the founder and CEO of Futureverse, developer of The Root Network, all rXRP tokens on the Root Network are backed 1:1 by XRP tokens on the XRP Ledger (XRPL). He noted this in a post on X (formerly Twitter) while responding to a user who sought clarification over the recent airdrop by The Root Network.

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