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RE: We Interrupt This Launch Day..

in LeoFinance3 years ago

Requiring engagement is a great feature and may also protect this new tokens price.

Let’s look at 2 examples.

Bitcoin cash was available to all bitcoin address’, what did this do? Temporary fomo pump when people weren’t sure which bitcoin was the real one, then a forever crash in terms of bitcoin price (also never saw the $4,000+ price ever again)

Giving free coins to people who will dump is never good for price. MTGOX did not deserve all that bitcoin cash and legally all they were allowed to do was sell it, which they did, many 10’s of thousands of bitcoin cash dumped and I am sure they have plenty more. (Which means they also have bitcoin sv smh lol)

Then look at HEX, you were able to claim roughly 10,000 hex for every bitcoin you can prove you had through a digital signature which then you use on the ethereum chain. (Engagement). But, every week you didn’t claim during the HEX launch phase (roughly 50 weeks) you would lose 2 % of your stack. So if you didnt claim after 25 weeks you could only claim half of your potential reward.

I will try to make a more in-depth post about this very subject tomorrow, thanks for the motivation to make good content.

Posted Using LeoFinance Beta