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
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