Main navigation

Is Flare Mainnet Launch Delayed Due to Ripple/SEC Case? CEO Philion Answers

Advertisement
Wed, 25/08/2021 - 12:58
Is Flare Mainnet Launch Delayed Due to Ripple/SEC Case? CEO Philion Answers
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Advertisement

Hugo Philion, CEO and co-founder of the Flare Networks team behind the much-anticipated smart contracts platform Flare (FLR), clarifies the role of Ripple, Inc. in the progress of his product.

Partner, supporter, minority investor

In his latest tweet, Mr. Philion shared the link to semi-ironic community-driven resource "Wen Flare." It describes the "most accurate" timeline for Flare's mainnet release in one word: "soon."

At the same time, a poisoned anonymous soldier in the "XRP Army" tweeted that the recent delay of Flare (FLR) mainnet release was controlled by payment decacorn Ripple.

Advertisement

As a result, it is solely Ripple that is in charge of the inception of Flare's mainnet operations:

It happens when Ripple says it happens.

Mr. Philion dismissed this statement and emphasized that while Ripple is a partner of Flare Networks, the digital payments giant can in no way can affect Flare's critical milestones:

I can't emphasise this strongly enough, whilst Ripple is a valued partner and supporter they are a minority investor in Flare and do not dictate anything at Flare whatsoever.

When mainnet?

As covered by U.Today previously, Flare's (FLR) representatives reiterated that the SEC/Ripple legal battle over allegedly illegal XRP selling to U.S. citizens will not affect the progress of Flare.

Related

Recently, the Flare (FLR) team announced the launch of Songbird (SGB), a "canary network" of Flare that will be utilized to stress test all economic designs scheduled to go live on the network's mainnet.

Related

As such, Songbird's core native token, SGB, will be distributed between the participants of the upcoming FLR airdrop. The SGB airdrop will take place in the coming weeks.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD