Not sure if this is right approach, just give you two examples from real life:
I have 3 PLM wallets after lockdrop, when Shiden was live I transferred all my SDN into 1 wallet also buy on exchanges more SDN to be able bond into collator from 1 wallet and now hold even more SDN tokens than it was after lockdrop, but on 1 wallet instead of 3.
Some people lock their ETH for PLM and even don’t know that they have SDN on their wallets, they don’t follow project updates for long time.
In first example after your suggestion I will have vesting for my 2 wallets from 3, but I will not plan sell my ASTR anyway, in second example person will not have vesting, but for sure he will sell tokens and then sell SDN after he realized that there were SDN drop.
My thoughts that we should have equal vesting for all wallets as you don’t know who really will do sell pressure for the ASTR.
I think for individuals who have locked eth, the unlocking rate is 30% for the first time and 70% for the 12 months after that is the most satisfactory solution… because anyway, from the beginning the investor has lock eth in exchange for astar rather than sdn… they have sdn liquidity right to preserve capital…
Have you ever thought about the fact that application developers create much more aggressive pressure than we, the lockdrop participants? At the same time, you’re not even talking about blocking at least some of their huge weekly rewards. This is despite the fact that not even all of their applications work fully. Didn’t this experience teach you anything?
First of all, solve the problem with this. I suggest blocking developer rewards, since their weekly injection into the market has the same negative impact on the price as our 30%. And there is no need to be hypocritical, here everyone cares about the cost of the project no less than about its cost. Otherwise, why all this carnival?
i feel we are concentrating on wrong things, People who want to sell will sell , its about demand being more then supply. There is no right or wrong decision, and I feel changing rules in the middle is just bad faith (full disclosure, i hold SDN bought in market, no lockdrops, no crowdloan). We should let the team concentrate on increasing utility and increasing demand of the SDN/ASTR, and work separately on marketing/increasing visibility. If the buying pressure is more, sell pressure will not even be felt.
The problem is that the situation is really difficult. But you started working on its solution too late and didn’t even notify the community about it. I believe that a compromise can always be found, but there is no need to think one-sidedly, it is also worth remembering and understanding that in addition to some market participants there are others. And don’t blame us for getting an airdrop in the form of Shaiden. I was blocking my ETH for Plasm (Astar) - the main project of the system and didn’t know anything at the time and didn’t even expect any additional reward. Thank you, of course, it was a nice bonus. But don’t blame us for that.
I dont agree with this, since we are changing the rules in the middle, they should not be penalised for something they did not know (I dont have any lockdrops, only SDN bought in market)
I think you missed the part that I told you that we are aware of this and are working on the solution in our roadmap? We are solving the problem.
The same method will not be applied to Astar as on Shiden. We are learning a lot from Shiden. Same with lockdrop participants on Shiden as dApp staking.
An additional idea appeared: to allow using dap staking in the first 6-12 months only for those accounts that have at least 80-90% ASTR account after winning the auction. On the first day, a picture is taken and it will be an additional incentive not to sell ASTR. What you think? @Maarten
I can’t say for everyone! But personally, I have not sold a single Shaiden coin! which I received for my plasma tokens! and also do not plan to sell and pour Astar tokens into the glass! But I don’t agree to Vesting either! This was not in the conditions of the lock drop!
I address my message to the community that participated in the Ethereum lockdrop: 1-You would probably have sold your Ethereum 10 times during this time, because then it cost around $ 350. 2- You received a huge amount of Shiden for free, which you leaked through the market and collapsed the cost. 3- I am a member of the Shiden crowdlon, I am still sitting with blocked tokens, whereas you had them free and unlocked!
Aren’t you ashamed to raise any other questions? Honestly, you do not care about the future of the excellent Astar project, you want to drain everything in the market and collapse the asset price. If so, we have the right to demand free, not blocked Astars. But we will not, because we all understand that the project at this stage will end due to the price scam! Until you have your hands tied from the big sale, there is no other way out, and as an investor in the Polkadot parachains, I am afraid to contribute Dot to Astar because of you.
Briefly my opinion; 1-It is necessary to block all funds from the Ethereum lock drop and give a slow unlock to the participants of the ETH lockdrop, because they have already received Shiden for free! Otherwise, the project will not become a parachain !!!
In fact, if the project is successfully launched and the community does not put pressure on the price, then this is beneficial to all parties, and will have more profit, and a growing asset, both in price and in technology development, is beneficial to all parties and no one wants to sell an asset with good dynamics. growth in all directions! We need to soberly assess the situation and understand everyone!
It is generally not clear why the Shiden was handed out to the participants of the lockdrop for free and without blocking, it was not initially deliberate. I wrote a lot about this earlier for fear of price pressure, and that is what happened. I was also criticized by many on Twitter and Sota Watanabi in particular. Now controversy has arisen. Let the community decide by voting, while the team must have at least 40% of the vote.
Another option; 1) the fact that Shiden was distributed 1 to 10 Astars, according to the same method, it is necessary to reduce the Astar tokens from the Ethereum lockdrop. 2) Unlocking 10% -20% immediately, and the remaining 80-90% within 24 months. 3) Increased staking reward. 4) Good bonuses at the time of the next lease of the parachain in 2023
