Can anyone tell me why people are selling?

People want to use their funds to farm (or get airdrops) that they could sell quickly, or at least in the near future. Not wait 3 years for linear vesting. That was the bad surprise that made many to look away.

I understand what you mean and under normal circumstances the choice you have made as a team regarding the vesting period of $ICY is very understandable and logical. However, there are other factors that make people deeply disappointed, including me. Many are loyal hoddelers who have supported $ICX for more than 4 years. But for these hoddelers, keeping $ICX is starting to become a torture and this is starting to get unpleasant. $ICX has performed very disappointingly after 4 years in terms of price-action and usability. Due to the many disappointments I have also started to delve into other projects such as matic (polygon), polkadot, Luna, avalanche and solana and I am seriously starting to wonder what Icon has been up to over the past 4 years. Take a look at what is built on these projects and what use cases these projects have. And yes; I know Balanced and OMM. I know how hard you have worked on balanced and the result is excellent. An excellent dapp (Balanced)! But in hindsight, I expected more from Icon and Icon's ecosystem. The market is always right. The market has clearly not rewarded Icon during this bull run and for a reason. I no longer dare to talk about Icon in other communities; the sentiment is very negative and this is not only due to the current market conditions. I think many share my opinion, but say nothing more or have long since sold. This is not fud by the way. I really hope for better times for $ICX and for trust to be restored in Icon.

Well said to be honest its hard turn around reputation icon has at this point 😢

I'm not going to sit here and debate with you about ICON vs other projects. THe market doesn't lie, and often is fueled by social media and other factors beyond working on open-source technology to support interoperability. For example, DOGE and SHIB being romanticized and pumped on social media. Nothing wrong with that, but if you want to talk about how the "market doesn't lie" it's important to understand the market participants and what their goals are. ICON is an interoperability protocol, and yes we have some dapps too. What are the leading bridge solutions out there right now? Wormhole, REN, Anyswap, IBC etc. So how you are comping ICON to them especially considering 50% of those I mentioned don't even have their own token (IBC debatably doesn't have a token either)? ICON has been up to a lot over the last 4 years. It started as an interop solution for enterprises, clearly defined in the white paper. Enterprise and government are slow to act, but myID transactions are at all time highs and the incoming president of South Korea issued an NFT on the ICON network using craft. The market doesn't care, but we haven't strayed from what was promised in the white paper. Enterprise and government adoption of public blockchain for identification are not big news right now. Interoperability between private networks is too niche, so over the last year, we broadened the scope to public to public chain interoperability and are launching BTP with several large ecosystems, some of which you mentioned in your attempted comparison. A big issue right now is messaging and awareness, which is clear considering you, somebody in the community for 4 years, can't make an accurate description of what ICON is working on and who we are competing with. We are not competition to Solana. We are not competition to Polkadot or avalanche or polygon etc etc etc. We build bridges between ecosystems. Fast, secure, decentralized and flexible bridges. Messaging/awareness, along with a 100% focus on BTP from a development standpoint, are the highest priorities at ICON

Da F@#k you on about? If you're worried about price only why have you not sold? $ICX has given over 900% gains.

That was somewhat confusing, if we are not compete against polygon, polkadot,solana then why we build all these defi products on icon ? Balanced,omm,Optimus, equiality,karma? Or why we build ice network? If we are not compete with these layer 1 networks ?

ICE will compete with those networks and bring EVM compat to ICON. We built some projects on the core ICON Network to show what the network can do and build relevant projects. Going forward, the focus is interoperability and nothing else from the foundation level. ICON is an open-source technology and if people want to keep building apps on it there’s no downside. From a narrative and development focus, ICON is an interoperability solution

Yeah than they look away and found DOT parachain auction, which they have to "lock" main token too for the rest of the airdrop, while ICX just lock the reward. Then they will back to ICX and said oh this one is okay 🤤 (i join in DOT auction to, locked both dot and reward for 2yr)