Flash will undoubtedly attract many new speculators and genuine citizens to both XIO and FLASH.
Between now and 31 Dec 2020, there will be an expected increasing accumulation of XIO in order to qualify for the Flashdrop. I can imagine many who missed out on the UNI drop would take strong interest as one category of users for example.
There are two things weighing on my mind:
- As evidenced by the recent UNI drop, the price tripled but is now back to the same levels. Classic pump and dump. This is not unusual with new tokens, it’s simply market mechanics.
However, I wonder if we can protect such price manipulation by “locking” Flash tokens from the Flashdrop (as opposed to organic Flash acquisition) for a set number of months, for example, 3 months. This would disincentivize the whales who move from token to token lapping up these free airdrops, then dumping shortly after launch once they have received their profits, at least in the short term, protecting the market price during the period of Flash launch/introduction to the world (since a pump and dump will generate negative perceptions for the new project).
Or perhaps the “lock” is tied to the date of their first acquisition of XIO. For example, those who acquired XIO prior to the Stake of the Union, will have unlocked Flash at launch, whereas those who acquired XIO for the first time after the Stake of the Union will have their Flash locked for x months. The x months will allow the token to settle, and hopefully establish the project better into the community and mitigate against “blind” dumping of the token.
I know this idea might be logistically tricky, but what are your thoughts on the concept?
- I’m also wondering - there will be many new XIO holders from the date of the Flash announcement. And they will receive the same 1:1 ratio on 1 Jan. I feel like long term holders (in effect supporters and contributors to the project) should be rewarded better than new members who have not contributed per se to the development. So for example, it could be tied to the first acquisition of XIO. If my first XIO holding was 12 months ago, I get 12% additional Flash tokens. If it was 2 months ago, I get 2% additional, etc.
Another method to truly reward contributors is to base it on their cumulative social score (the official leaderboard). Add up all months they were on leaderboard divided by number of months, to give the average, and determine an additional reward rate for the Flash ratio.
Again, this might be convoluted in practice, but the principle of this idea is that there will be new XIO holders from the announcement who have ZERO interest in the project and bought XIO purely to claim the free Flashdrop, then possibly dump shortly after inception. It feels somewhat “unfair” that such “indifferent holders” would receive the same 1:1 ratio as those in the community who have genuinely spent time and effort over the last few months contributing to Social, the channels, editing the Blackpaper, etc etc. I know there have already been credits provided for such contributions, so maybe the above is mute? Thoughts?