If only the cryptocurrency market were even rational enough for this to work. You have projects like ETC and the many Bitcoin forks that are total junk clones but still have value. You have projects like Tron which plagiarizes their whitepaper and clone ETH and still has value. You have Dash which cloned Monero and the founders took all the coin and it still has value.
This is just like the time the USD was hostilely taken over by the GBP and I had to exchange all my dollars for pounds so they wouldn't be worthless. Unless I was a government employee, then I was SOL. Truly the money of the future.
Levels and levels of plotting.<p>What happens if the takeover fails? Well. Valor has the XRP of those dumb enough to exchange their XRP for the Valor tokens. Valor tokens are worthless and then Valor can just sell the XRP for profit.<p>Unless they spend too much in shorting they stand to profit from those who believe their takeover will succeed.