I think everyone is dissapointed to see bad actors in

Question

I think everyone is dissapointed to see bad actors in

high places... I think, however, if we go to root cause analysis - many of these problems were hugely increased by the lack of opening liquidity. Who is the group/person that decided the opening price should have been 0.10? Because I'm pretty sure the lottery winners wouldn't have valued their own token pre-launch like that. Anyone who added liquidity got massively burned by IL. Not really good enough to say "well, they should have known the risks" because if they didn't line up to get shot - the opening liquidity would have been even more pitiful and the problems amplified even higher.

If the lottery winner were able to vote and pick the opening price, we could have been in a situtation where the pre-launch liquidity was 10x the opening amount. Both from more EGLD being able to be paired to begin with; but also from more winners participating in providing liquidity because the price would have been closer to what they deemed fair. This would have made a huge, huge difference in getting something closer to a democratic launch.

So, I have to ask, where did the 0.10 number come from? And, how do we fix the setting of this number in future launches?

#blockchain #cryptocurrency #elrond #english

0

18.12.2021