Crypto trader and analyst Tyler Swope is naming two free crypto airdrops that he says could be bigger than Uniswap’s massive UNI handout in September.
In a new video, Swope tells his 191,000 YouTube subscribers to prepare for possible airdrops from ETH-backed RAI from Reflexer Labs and their “ungovernance” token FLX.
“So what is RAI besides an Ether-collateral stablecoin? From the team’s description, ‘After almost a year of testing, simulations, and building, we’re thrilled to announce the launch of RAI. RAI is an ETH-backed, non-pegged stable asset whose monetary policy is managed by an on-chain, autonomous controller.’
It’s fully ETH-backed but it’s a non-pegged stable asset… RAI does not hold its peg to $1. What does it hold its peg to? RAI is a free-floating stablecoin so that is to be seen. But the initial launch, it was $3.13.”
The crypto influencer reads a blog post from Reflexer Labs that hints at an incoming airdrop for RAI and