Hello. For me to see the title and discussion of this topic is a big disappointment. how can this be brought up for discussion at all? the participants of the lock drop have already been holding PLM tokens for 1.5 years and do not deserve such disappointment. Changing the rules during the game is not beautiful and not worthy of a good project. If the opinion of the community does not decide what, those who supported the project were the first, then I do not understand where there is justice at all.
5 Likes
We also community who invested in SDN! We vote for block old holders PLM.
1 Like
Guys, now is not the best time to argue among themselves. There is not much time left before the launch of the main Astar network, Sota and the team need your support, every advice and suggestion can play into the hands of our guys, letâs support them and push them to make the right and reasonable decisions. So they work tirelessly, for the sake of you and me, including. Negative statements and reviews can be confusing and it will not lead to anything good. Be grateful and have respect.
4 Likes
Can make rewards for coin holders after the victory of parachain.
those. if you do not transfer your ASTARs from your wallet within a month / 2/3, you will receive a bonus.
Theoretically, this should help the holders not to tilt, and the speculator not to rush to sell.
Will sign under every word.
It is forth time the rules are changing (name, 1 emission rate, 2 emission rate). Now we have different name, different emission and you suggest different conditions. Well tomorrow another âgreatâ idea will come then what? You had the time to think about strategy etc. For now every future step by Plasm is making me more and more uncertain. From the other side I want to give thanks for the public discussion on this matter.
And also that will be a scandal after all. Sota did you sell tokens of your project to big funds? The price was not big I assume? And you do not plan to stop them from making kk of profit donât you? You plan to rob the hamsters, such a generous attempt⌠You had so much credit from the public at the beginning.
P.S. Just for those who will call this post emotional or full of greed - I never sold majority of my SDN (staking them) and never planned to sell Plasm. It is not about greed - it is about responsibility. And please do not make this âgreat goal justifies small liesâ statements. There was an agreement. You want to skip it. May be it was decided before and we are here just ânoise of the crowdâ? Anyway as Larimer once said: âIf I would want to shut Ethereum net I would do it more elegantâ. If you are disturbed by the hamsters who sold SDN, you (or even WEâŚTOGETHER) could find much more elegant ways to do that without trying to baptize the child for the 4 time in a row.
7 Likes
I like the proposal and have been a lockdrop participant and not sold sdn since receiving. If you have more sdn in you wallet than what you recieved from lockdrop then you could have no vesting as this would show you have brought more/interacted with shiden dapp staking and supported the network rather than cashing out.
I disagree on allowing to buy back what you hsve sold to repair the option of not having your astar vested as this would defeat the objective. They are more likely to buy back just to sell Astar then Sdn AGAIN. Also they would of sold for a better price then brought back in at a lower price.
SNAPSHOT of lockdrop accounts at a random moment in time would help imo with no ifs or buts. Their could be room for transfers to a participants 2nd sdn wallet but that would be down to participates to provide evidence and then be added to a waiting list but must have more sdn than recieved through lockdrop.
This will not penalise the true believers of sdn/astar.
Letâs look at this:
If you participated in the lockdrop you got the following:
1- you got Shiden which was not on the offer for free
2- you will get your ETH back on day one which you could have sold and lost anyway
3- you will get your Astar tokens, but the only problem is that a portion will be vested, but you can stake all of it even locked from day one.
So you got you ETH, you got Shiden coins for free and dumped on the market, you will get Astar as well.
You still think thatâs not enough or fair.
You get everything back + free coins and you call attack the team just because they want to vest a portion of your second free coins.
Compare that with other projects if you use polkadot auctions you are locking dot for 2 years for a high price per Astar and its vested and you donât get extra free shiden coins at all. Not gonna bother mentioning other projects, that donât even get you back your initial tokens.
This post reeks of greediness to unimaginable level.
3 Likes
I locked my ETH for 1000 days. I took that risk assuming that I would be able to take profits with PLM tokens before the bull market ends at least to cover the current value of the locked ETH.
Yes I got SDN for free which I thankful for. I sold nothing, decided to use for stacking. Given the current vesting discussions, I should have dumped everything, because the current proposal that changes the initial agreement ruins the entire hope to get something from those ETH since they will get release yet at the bear period as well as ASTR.
10% bonus for the lockdropers? I could have considered that but with this vesting proposal - no way, I better delegate by DOTs to another project.
Oh, what about vesting for the funds who invested in your project. Maybe you better vest their coins? I am wondering how they would react on such a proposal, haha.
Overall, it is very convinient to have a smart contract for our ETH and not having one for your own obligations, well done.
2 Likes
Oh, that reminds me so much some pump and dump groups. Hold the line, do not sell, to the moon! I thought Astar was a serious project, not this kind of scam. Attractiveness and williness to hold the tokens should come from the quality of the project. And what do we have at the moment? 4th change of tokens distribution, that does not add confidence to the project, people start raising doubts since they perceive this approach as unreliable.
6 Likes
Dear Sota! Astar community support you on 100%
2 Likes
I agree with this. Currently, there are a lot of emotional comments in this thread. We should make a decision based on the long-term ecosystem benefit instead of the short-term individual profits. I am collecting numbers now to have a practical discussion.
6 Likes
No. The vesting idea came from the community members. Not from the team. We are making this considering the different opinion from all community members.
2 Likes
Astar has not been even launched yet. We should change the token economics if needed. After launching the network, we shouldnât. Changing the token economics itself is not a bad thing. If necessary, we should do it. The important thing is the reason why and how.
3 Likes
So, I am a community member. Why not to vest the fundsâ tokens too? Good idea and will definitely have more positive impact on the token price upon the mainnet launch.
2 Likes
you can also carry out an internal sale of tokens at a certain price and give the opportunity to release tokens to the participants of the Ethereum lockdrop, thereby making a choice or, if desired, sell to investors, or the blocking is the same as for everyone!
Sorry I canât understand what it means.
1 Like
similarity tokensale. giving lockdroppers options, for example, giving funds and other participants to buy out tokens from them at a cheap price so that they do not put pressure on the market
Investors are afraid here is the issue of price stability, when btc is about to end the uptrend cycle and 90% of the market drops rapidly no matter how good the project is⌠astar are you sure? exception for eth investors to confidently lock most of their astar when they have suffered a 1000 day lock eth that if a veteran investor understands enough, the time to unlock eth can return to $ 350 .
1 Like
I consider having the vesting. And I agree with your opinion. But it is also true that these people already got 2-4x returns through Shiden.
so I agree with the option of unlocking 30% for the initial investor (this is an acceptable number) and 70% in a linear way⌠you canât sell a piece of chicken to one person someone who buys a piece of beef and says your meat is hereâŚ