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RE: Shittokens

in LeoFinance2 years ago

Oh yeah I was thinking that these tokens would most definitely be used at least with curation in mind to start out with, just that in general there will and always are sellers of anything airdrop-like because they deem them as "free" and may not even bother finding out what they do. I know many did this with their LEO tokens early on for instance only to regret it later.

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Having the airdrop completed in the staked form rather than the liquid form could help with the sell pressure to some extent IMO.
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Posted Using LeoFinance Beta

I guess but that would be something for the community to decide themselves, in a way it's more like a bandaid, you either have them power it down and earn more rewards while they doing it or buy it all up at a lower price cause they instantly want to dump it those that will eventually dump it either way.

Point is more towards the initial distribution being fair and rewarding those that made the community become what it is today in terms of posting in it while having those interested and who believe the community leaders will be around to take good care of it and/or have more plans for the token to trust with their investments.

It's kind of also that whole "what if satoshi were to return and dump all his million BTC" that many of these tokens are under as well due to such a big premine.

You'd think most people would've learned from the mistakes of steemit by now. :p

Evmos had and action based airdrop where portions of the airdrop got unlocked after performing certain actions. Having only a small portion airdropped at first and later releasing the rest for engaging in the community, powering up even more Tokens etc. could be a better way to manage sell pressure. That does not solve the distribution problems though. Having a community fund which reward users through lotteries, games etc. might help. I'm not an expert here. I'm sure we will figure out better ways as time goes and more experiments are carried out (even if many of those experiments end up being failures).
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