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cryptonews
2022-06-28 08:22:00

CoinFLEX's USD 47M Recovery Token Plan Questioned by Crypto Observers

CoinFLEX's USD 47M Recovery Token Plan Questioned by Crypto Observers

Crypto derivatives exchange and yield platform CoinFLEX aims to turn the debt of a "high integrity" individual into a token called Recovery Value USD (rvUSD) in order to fund other customers' withdrawals. Not everyone is impressed with these plans. The exchange will issue rvUSD 47m at a price of USDC 1 per coin, cumulatively raising USD 47m....Read More: CoinFLEX's USD 47M Recovery Token Plan Questioned by Crypto Observers

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