New Project Backed by Ripple Co-Founder Faces Heavy XRP Community Backlash
Photo: U.Today
A new blockchain project, Yellow, that previously attracted $10 million in personal investment from Ripple co-founder Chris Larsen has faced massive criticism from members of the XRP community immediately after the listing of its token. Observers’ attention was drawn to asset-selling operations from a wallet that is linked to the developers. The project’s token was launched simultaneously on the Ethereum and XRP Ledger (XRPL) networks. Due to the absence of a direct technical bridge between the blockchains and high initial demand, the asset’s price on XRPL turned out to be significantly higher than on the Ethereum network.
Source: U.Today
