our first ido investors are not complaining, we are simply asking for refund even after neo admitted and apologies for the confusion they have caused in the link below:
you know you caused the confusion and still keeps our money for your own interest?
You guys set Lay as 0.3$ for LP rewards.
After that, you guys set 0.15$ price for 1st IDO and promoted them as a 50% discount.
Then at the 2nd IDO, you guys set an unrealistical total raise in bear market, which guaranteed price could not reach 0.3$. So you guys basically cheated 1st ido contributors even before 2nd ido start.
In addition to that, no lp provided initially, which made all investors confusing and scared, so they dumped their LAY, which drove LAY price lower.
You cheated investors and LPs from start to end, period.
bro listing before ido token release is definitely a no go. refund must be done
hi astar core team, please push starlay to refund our ido funds.
the reason is simple, the bad token price is not a pure result of market fall but a result of unprofessional acts that even Neo has admitted.
there is no reason for first believers to suffer such huge loss since we came to incubation project that we think the team you choose is trustworthy.
however, if incubation project ends up a huge loss for us, who will come to astar let alone those unincubuated ones. this is not a test net and not a game but real economic.
the only solution to restore our confidence is to refund and to protect us. protecting users from wrongdoing is always number on no matter blockchain or other financial exchanges.
Did the starlay team cheated the first IDO participants? No, they agreed with the price and bought it, didn’t they? No one forced the IDO participants to buy it. It’s not fair just to refund to IDO participants. I hope we can figure out the right direction and make progress towards it. Some people just try hiding their faults due to this market crash.
it will be not fair if team add liquidity and release their token
its like letting early token holders to dump on them instead of being fair among all investors
Mr. Morris, I have heard that your presence improves transparency, but I do not know if transparency is improving because of your slow response.
If you are considering it, can you give a response by when you will be able to respond by the time you are considering it?
Without a response, I think the discussion will not progress and only frustration will build up.
Anyway, I would like to discuss how this project can continue.
Let’s be honestly clear here :
This move from my PoV is totally wrecking and damaging your reputation, and Astar reputation. Of course we are demanding answers, especially regarding the point no. 3. You may ask personally all Astar ambassadors, did we mentioned your platform on our own local AMA? Majority of us may say “YES, you can put your trust with them”.
Even Sota himself asking to all ambassadors regarding branding change from Plasm into Astar. It’s our culture where users voice need to be heard.
Sorry to say, but until you explain very detail your team’s decision (especially with very small liquidity), if there’s a vote to delist you from dApp Staking I definetely vote Yes to delist Starlay.
Hope you can clear this issue, and we can put our trust with you again.
Thank you @sora0167,
First, I want to clarify something: is it correct that the funds raised by the two IDOs will be community-managed treasury?
It’s not a community treasury.
Personally and out of respect for the Astar community I believe the lack of communication between Starlay team and the users is something critical. It is necessary to assume responsibilities, justify mistakes, clear blurry points and propose solutions - this is continuous improvement. A simple apology doesn’t bring the community’s trust back and without community there is no project. I hope this can be a turning point for Starlay to review its practices and demonstrate ways to rebuild users trust.
for example, the IDO of HydraDX, they gave a higher valuation than they estimated and they recognized that error and they are going to distribute x3 $HDX so as not to disadvantage their initial investors, I think that the starlay team could do something similar so as not to instantly leave to REKT its initial investors. the starlay team played with the numbers and with unreal APRs and after the IDO they showed their real numbers making -99% to the first ones who trusted the project. and they just keep ignoring the topic of the first IDO. they are very greedy, they do not show any interest in the community only $$$. Otherwise, they would have already made a proposal or give a solution in search of us all moving forward.
I just want to remind everybody that everything Starlay did, they did it on purpose. They are smart people.
So,
What’s behind all this fake APR strategy ?
What’s behind the overestimation of LAY token ?
What’s behind their lack of communication ?
They did this on purpose knowing the consequences. They are smart people. No more excuses.
But are they just amateurs in the end ? Just immature people ?
Is there anyone giving them advice ?
What is the Astar building program goal about if this is not to give advice to young projects ?
So, for the good of Astar and his community let’s face the real issues, i see a few
What is the purpose of the Astar dapp Builder program ?
Looks like it’s just about communication. Astar obviously is not advisor for the projects.
Why doesn’t the Astar dapp Builder program force the project members to be doxxed ?
Most of the the time teams are just shadow ones if you think about it 
pretty dangerous for everyone
Starlay was one of the flagship project supported by Astar and damaged the whole community .
So who’s next ??
Astar should think about reviewing his builder program or abandon it in its current format.
ASTAR’s problem to be solved
Starlay should find experience advisors to help them, it’s just an immature team clearly .
Starlay’s problem to be solved
Degree of mismanagement, fraudulency, and lack of transparency that Starlay team has presented itself especially in the past month is unacceptable both to the community and the Astar ecosystem as a whole.
As Starlay had been fully supported by the Astar team, they had all the great start, and failing from that point is magical. I really question their professionalism, moral, and a mere common sense.
After the series of events and failure to tackle them effectively, same leadership would never be able to restore the trust that is lost. That does not mean adding a member or two into the management, but a replacement of the current leadership (could be a DAO as well). If that is not possible, already slim chance of Starlay in place would be non-existent.
I don’t mean to offend you, but I think you shouldn’t request this to the core team of Astar…
I have worked to develop DApps with members in other chains (e.g. Ethereum, Polygon, and others), but I have never seen someone asking or requesting the core team of a blockchain to do something on a DApp… it shouldn’t happen on a public, permissionless blockchain, IMO.
Thank you @yama_20220529 for the comment.
Mr. Morris, I have heard that your presence improves transparency, but I do not know if transparency is improving because of your slow response.
If you are considering it, can you give a response by when you will be able to respond by the time you are considering it?
Without a response, I think the discussion will not progress and only frustration will build up.
Anyway, I would like to discuss how this project can continue.
Sorry if you’re frustrated with my slow response. Since I have a family, I sometimes (or often from your perspective) face issues to respond promptly… Pleasure if you could understand.
And yes, glad if we can continue to discuss.
Did the starlay team cheated the first IDO participants? No, they agreed with the price and bought it, didn’t they? No one forced the IDO participants to buy it. It’s not fair just to refund to IDO participants. I hope we can figure out the right direction and make progress towards it. Some people just try hiding their faults due to this market crash.
Thank you @takecian for the supportive comment. Yes, nobody can control a market to crash. But one comment, appreciated if we can communicate politely 
Thank you @pitcoin777 for the post.
Pleasure if you could point out which part of the explanation lacked and what other measures are needed by reading this post?
I feel that the community wants to understand the reasons for the lack/low liquidity made available by the team. What are the reasons for this? Was there any communication about liquidity? Thanks for answering.
・ Problems in this case
Insufficient ability of the core team.
Knowledge of token, communication skills, etc.
・ Countermeasure plan
Change of members
(Human ability does not improve sharply)
I don’t think Morris is the right person for countermeasures.
A plan to raise the token price after the above measures
I want you to think about the correspondence regarding the sale.
I don’t think the current core team has the ability to deal with these.
-The price of the first IDO was $0.15 which was the half of the estimated price for lay token that time($0.3). 0.3 was always an estimated price calculation. Due market conditions during first IDO all the participants were in agree with the $0.15 price with 50% discount in concordance, and the proof was on chain, It was sold out in only 5 mins. Why do the users bought? They were in totally agreement.
-The second Ido was previously announced with enough time. To DYOR properly. As a new Auction Format mechanism implemented by the team. It was its risk involved. In Cryptocurrency is very important to handle the risk before take a decision and invest. And added to this no one can control 100% an asset price in these market conditions, volatility is a risk, sell pressure is a risk involved, even the team with the best wishes can’t control. The team did the best they could. But Like this is decentralized fi anyone can buy or sell, up to his decision.
-The small liquidity issue was for a small amount of time. It was solved by the team as soon as possible. Now the pool have enough liquidity to trade. And added to this Starlay is a project for the long term. We are here to Stay and growth as the #1 lending protocol of Astar Network. Thank you