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.
Hey