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XRP Ledger governance reform splits Ripple community as crypto project raises over $2m in presale

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XRP Ledger governance reform splits Ripple community as crypto project raises over $2m in presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

  • David Fuelling wants governance at the XRP Ledger Foundation overhauled.
  • NuggetRush has meme allure, a community-centric approach, and different rewards.
  • In its final round, the presale has sold over 77% of allocated NUGX, raising over $2 million.

A RippleX engineer, David Fuelling, has proposed a comprehensive overhaul of the governance structure of the XRP Ledger Foundation. On the other hand, NuggetRush (NUGX) has raised over $2 million in its presale. The Ethereum-based platform offers play-to-earn (P2E) gaming with a community-owned model with rewards.

NuggetRush milestones

NuggetRush offers a play-to-earn (P2E) game that lets players mine NFTs and earn rewards.

 Some of these NFTs can be converted into real cash. However, NFT holders can choose to stake and receive up to 20% in APY.

NuggetRush has sold almost 167 million NUGX and raised over $2 million. 

NUGX is available for $0.018 in the current round but will list for $0.020 on exchanges.

SolidProof, a blockchain security company, has audited the platform’s code.

Ripple’s decentralization proposal

David Fuelling has proposed a new governance structure for the XRP Ledger Foundation. 

His proposal aims to improve transparency and increase community involvement in decision-making. 

While some see it as a positive step forward, others have concerns about the potential consequences. 

Wietse Wind, a key member of XRPL Labs, has assured everyone that the foundation will carefully consider all options before making any final decisions.

Conclusion

There are differing opinions within the XRPL community regarding a proposed governance reform. 

Meanwhile, NuggetRush is gaining popularity in the ongoing NUGX presale. The platform incorporates utility with P2E gaming, rewards, and NFTs. 

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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