Add as a preferred source on GoogleClearpool Vote Backs XRP Ledger Expansion, 1:1 CLEAR Migration
The vote received 97.16% support. CLEAR is planned with a 1.429 billion total supply, including 1.125 billion tokens in circulation at migration.
Clearpool’s Snapshot vote approved its planned expansion to the XRP Ledger and a 1:1 migration from CPOOL to CLEAR, advancing an institutional credit initiative that would use RLUSD for settlement.
The proposal received 97.16% support. Clearpool plans the expansion with Ripple and Cicada Partners, using RLUSD, a regulated stablecoin, to settle transactions.
Under the conversion plan, each CPOOL would become one CLEAR. CLEAR is planned to have a total supply of 1.429 billion tokens, with 1.125 billion, or 78.75%, in circulation at migration.
Clearpool operates an Ethereum-based credit marketplace. Clearpool has added a CPOOL-to-CLEAR conversion tool to its decentralized app as part of its XRP Ledger lending plan.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.