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

By CryptoNews - 1 year ago - Reading Time: 1 minutes

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....
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Original source: CryptoNews