Cardano founder Charles Hoskinson has criticized Ripple's strategy regarding XRP, suggesting that the company should implement a buyback model to enhance the token's market appeal. In a recent interview, Hoskinson proposed that Ripple allocate 20% to 30% of its revenue to repurchase XRP tokens, arguing that this would provide more value to token holders. He criticized Ripple's current approach of selling XRP to generate revenue, which he claims benefits the company but not the token holders. Hoskinson also highlighted Ripple's initial allocation of XRP, which he believes favored corporate control. Despite Ripple's confirmation of purchasing XRP on the secondary market since 2020 to support its On-Demand Liquidity business, Hoskinson insists that direct buybacks would better link Ripple's business profits to XRP. He compared Ripple's model to that of Block.One and EOS, emphasizing the lack of fiduciary duty to token holders. Ripple has reported significant XRP purchases, but these are primarily aimed at maintaining market liquidity rather than benefiting token holders directly.
Cardano Founder Criticizes Ripple's XRP Strategy, Suggests Buyback Model
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