DeFi· ★★· bearish·

Researcher Ignas criticizes Arc as a closed corporate network without crypto culture

  • Ignas: Arc is a permissioned network for FX and payments without support for crypto culture
  • Robinhood Chain is favored in comparison: it uses ETH and gives 10% of revenue to Arbitrum
  • 60% of ARC tokens are reserved for the ecosystem and partners, not retail
  • The airdrop was called the only attractive narrative for Arc
Why it matters: Criticism of ARC's narrative and token distribution could weaken retail community interest in the Circle ecosystem.
Source: PANews