Very terrible proposal, if it passed huge FUD wave will come and HFT will died because they betrayed their early users.
During this market situation, they need to focus on attract new user to use HFT. (Currently many pair is dead and rate also terrible)
Importantly, if really want people stop dumping, please make $HFT utility. As now is nothing, why people need to hold token without any utility?
the best thing about this proposal is that it brought back to life all early users who disappeared at TGE day. also the discussions here and on discord show that the community is divided into three teams:
1- NFT Team: fighting against the above proposal to continue making returns on their investments as planned.
2- LP Team: fighting for the above proposal to keep/increase rewards for LP mining as a window of hope to recover part of their losses in HFT value.
3- Hashverse / DEX team: fighting for the argument: āfocus on the project, forget about the tokenā
there supposed to be a fourth team fighting for trading rewards, however, I donāt see anybody falling into this category, which suggests that they are not active here/discord or they are just collecting trading rewards by swapping stables as long as this risk-free door is open.
Strongly Disagree
I am disappointed to say the least that the team is even entertaining a proposal that suggests effectively rugging their earliest supporters. Market conditions and spending behaviors aside people should be able to maintain control over their own tokens, If we steal tokens away from users, what makes us any different from FTX? Considering that the team would benefit the most from such a proposal as the largest holders.
Compound this with the fact that the largest sellers were from Binance launchpool (1.5% of supply) and LPās, this disproportionately hurts NFT holders when most were capped at 30k HFT and already have a year-long vest that was previously uncommunicated.
I fear the reputational and legal disputes that could come from this if we as a community vote for or entertain this (which thankfully we are largely against). Evgeney and other users have brought up great points and I agree that the most productive thing going forward for the protocol would be building to promote organic support and rewarding buyers and holders rather than manipulating HFT price through restrictive and penalising mechanisms.
In my opinion, this is a quantity that needs to be distributed somehow. This would rather discourage buyers from coming in for fear of potential dumping.
After the bad news is realized, it works as a good news by dissolving the bad news.
And also, it its too unreasonable for NFT holders to extend the period beyond the originally set period compared to LP users.
I strongly disagree.
Any changes to the distribution rules later should be decided by a vote involving all rights holders. However, in reality, not everyone will participate, and only some people will vote. This is a far from unanimous decision.
I do not agree with this opinion. It is not a good idea to change distribution rules after they are finalized. People will leave if such alterations are possible.
Is it a sin to sell unlocked tokens?
I do not think so.
Because This is because it costs a large amount of money to obtain NETs.
when we tried to provide liquidity to hashflow at the beginning of 2022, it cost us about 10eth(for NFT). In addition, open beta participants cost a large amount to get NFT (several million dollars in gas costs for some people).
Furthermore, after the end of the open beta contest, the NFT boost is no longer being talked about, and as of tge time, we can only limit unlocking to 30000 HFT, etc., which continues to be detrimental to NFT holders.
The price of HFT is falling because of the price of BTC.
BTC is falling because of FTX.
In other words, SBF is all to blame.
All HFT holders no one is to blame.
Isnāt the current vesting schedule good enough?
Speaking of fairness, letās not forget that many got NFT just for talking in Discord, which is over $30k a day TGE.
And many got NFT with very little investment, they more than paid back their investment.
The other thing is why such ballast for a project, they sold tokens and walked away.
Likewise, they will continue to sell their HFT, without participating in the project, lining their pockets.
Conditions change, and so does the world around them.
And what legal disputes are you talking about when everyone got NFT for free either for some action or by buying from someone on OpensSea (just a private sale).
The project didnāt raise anyoneās funds, and the HFT token was never an investment or financial instrument, so this is idle talk, lol
Iām just in favor of weeding out the dempers and speculators, they are like an unnecessary and useless burden.
so many dumpers here who donāt care about the project so outraged by this proposal, what do you contribute daily? I have a bag and want to protect it from all of you, and protect the protocol because I believe in it. you want more details, here it is a) 40% I think is the good number still, but letās make it 30% to please the boss b) snapshot can be taken 2 days after if proposal passes c) staked HFT should be taken into account when doing the snapshot d) all the whales who bought NFT and sold all can buy back and protect their bag. what other data do we need??? it has already been more than 72 hours here. if you donāt like the proposal use your HFT to vote against it!!!
I noticed many disagreements on stopping the vest of NTF holders, which is normal and expected , it will even probably pass if we put it on snapshot vote cause now who is left will most likely wants less HFT supply.
we should have double checked this sybil activities before tge and now by doing this we may hurt our brand and loose community members.
people are also blame Ser @gxmxni on sending some SQL queries as the supporter of the proposal which is not true.
at the current stage as part of decreasing hft inflation we can do some things listed below:
-reduce emissions for both trading and LPing (one proposal is out and the second one is baking as ser @Victor | Hashflow have said, I have worked on a mechanism to disincentive short term LPs while deepen the liquidity in the pools and reduce the inflation of HFT. will wait for victor proposals and will send my comment there).
-checking Sybil account who have used offchain delegations and aggregated like over 500kHFT or more.
and last
the formal version of this posted proposal in a new topic on the forum to control the high inflation of HFT at the current stage (bear Market).
Itās you who clearly donāt care about no one but your own bag. Even after the core team has said this is a poor proposal you keep trying to divide this community. Have respect for the early supporters who have engaged with the protocol since inception.
To get an NFT you had to do the work - risk your capital by LPing / trading competitions which cost a lot of gas / being active in a meaningful way on Discord / Come to Hashflow events IRL and more.
Was it a generous airdrop? Yes. Why did people choose to act the way they did? See @gandalfthebrown post and educate yourself.
We are all real hashgang and donāt need to have it as our username to prove it.
Evgeny pretty spot on.
Let me summarize my position so as to eliminate confusion:
Changing the rules after the fact will only cause confusion in the community. Once a vesting schedule is set, it should be adhered to.
I am against this ridiculous proposal written by a newbie. (Probably fake ID of Victor_the manipulater con low EQ CTO himself, he creates fake proposals, he votes himself with his multiple accounts, he and his team even participated in Open Beta had spots on tier 2, one of their accounts which is on Twitter clips Hashgang.eth had 333 K HFTs. We had some of your ENS addresses and know about your NFTs. Probably delegated to new address. They can easily manipulate the system and win the votes in their favor.)
So funny, this proposal is not legit to even vote.
You donāt have the right to discuss about peopleās tokens which belongs to them! You just have the right to discuss about your own tokens.
I am sorry you are in loss but be aware that daily HFT dumps are because of Binance pools and LP vesting.
We have waited 1.5 year for TGE to sell small portion of our tokens, but do you know what happened on TGE? ( Canāt Hodl till death until they bring value and utility which they didnāt)
Yeap they had no liquidity for HFT on Hashflow (against their fake promises),
They closed the website with fake excuses , errors,servers down,blah blah and the team sold their tokens of campaigns and LPs and market makers dumped HFTs, and that Binance trading thing just had profit for CZ and his team. They all sold HFTs at $3.5 dumped to $1.3 . And then they opened Hashflow website for claiming tokens for rest of community. Dirty Game! Nice move!
Then the team disappeared from social media in a week, and now they are coming back pointing fingers to their early supporters. And trying to bring up fake non legit proposals to continue manipulation and take back the rest of tokens belongs to people
They donāt even believe in their words about Hashverse AKA 2 jpeg 2 paragraph and so scared of their actions, that they have to blame others for their failures.
They canāt build ā they just want to destroy.
Donāt have time to build ā they have time for manipulation and dirty games.
Your post is not just disrespectfully calling me a ālow EQ CTOā. It also shows entitlement (which I have no empathy for) and has numerous bad takes. Note that:
You have no right to exhibit such conduct, ask for things to be given to you, or belittle the achievements that this group of people have reached.
Hey @Shawnm
Whoever you are, letās not get into personal insults and hurting other participants!
Everyone should observe basic rules of decorum and communicate in a respectful manner, even if your views donāt coincide with those of others or opponents.
As a Guardian, I will not allow you to insult any other forum members.
If there is evidence, thatās one thing, if itās empty accusations, itās lies and slander.
The comment period for this thread is now closed - thanks for all the comments!