The RIDE listing has been a painful and instructive lesson. Very

difficult and heartfelt.

But as many times before, we will find a way to solve things, and see the light again.

All focus has been on carefully investigating what happened, and defining important next steps.
https://twitter.com/beniaminmincu/status/1472260478751715334?s=20

Very simply put : these are either lies or you are complete rookies and if you honestly didn’t think this could happen , I m doubting anything else you do. There have been hundreds of IDOs like this in 2031 when retail gets screwed. Better say nothing and let it be forgotten than to say you honestly didn’t expect this with no antibot measures and only 1% slippage available

1% ONLY available? have you even used the DEX mate? :))))))))))))))

Just read through this Dan. Honestly an incredible effort you guys put forward here to support your community was not expecting this. I personally do not have quarrel with either the staking agency just feel they acted against their supporters so simply unstaked or the 110k trade. Only issue is with someone within the Elrond team/affiliate participating. Rewards are not what I think solves the problem (albeit helps a lot who actually lost during this event) but in my eyes immediate dismissal of the inside member acting against their investors does - I hope you guys have ceased affiliation/conducting business with them and if that can be confirmed I will GLADLY buy back all my $EGLD I sold immediately upon this discovery. Again applause for the efforts you guys have made to rectify many members losses during this event.

this is awesome! great thread from Ben 👍🏼🚀

Amazing post by Ben. Such am amazing ceo and glad he is the head of the team

Dude stop crying and leave this project ...

Congrats and fingers cross for future listings. Admiting something was wrong in this crypto world say's a lot of this project. Hat down for you guys.

@beniaminmincu Thank you.🤝

I like Beni tweets I think they should look for the addresses that purchased Ride at $3, $4, $5. My wife bought RIDE at $4.5 with approximately $60,000. Now her wallet is less than $20,000. I don’t know what kind of alternative can be rewarded for those who purchased at such a high price

I think it’s still your own risk to do that. You also all could keep hold the egld

but why, 60k fomo buying. sheesh

Dont be a fool. People never had the chance to see the price in real time. You would click on 0.2 usd and transfer would start at 4.5 usd. This is the main thing that makes maiar dex unusable. Why havent they adressed this already??? Some could argue this is theft

lmao just no, its says before you send it if you ever tried reading it

She like the project she wanted to swap 200 Elrond. She think that maybe happens at 0.20 cent, 0.40, 0.80 but she didn’t see $4 price anywhere

It says what? That the swap will go to whatever price it wants and not the price you saw? Lolll, if yes, it means no one should ever use it again because It’s rigged

Good point

And how was her risk management going into this? Its a one month old DEX, FIRST EVER listing, alot of unkowns. Does one simply ape in with high slippage 50-100% of their egld stack, or do one go with 1-5% of their egld stack at low slippage? Just a low slippage should've saved her transaction from never going through.

She put 20% slippage, she see Mex from 0.0002 to 0.0007, 0.0009 so she never think that RIDE will go from 0.08 to $4

When You start feeling that You know crypto , this is the moment you will get rekt.

The last few weeks were hard on Elrond team because there were so many things that had to be implemented and fixed or changed. Mistakes do happen. We who invest, it is clear that we take some risk and we are responsible for the risk we take. However, lots of people are not happy with how things developed, so before enabling new feature or list new projects, the performance and multisharding needs to be fixed. When you advertise the best blockchain that ever was and on your dex a transaction takes insane amount of time, people will judge the performance of the chain by the performance of the DEX, even if it may not be an accurate thing to do. In future, maybe the new projects listed should do a few things... one of the first should be to have more liquidity in the pool, another one is to have all people who want to buy deposit funds in a smart contract and the first purchase should be done by that smart contract and that should be where the swaps start, so this will make the bot wars not as problematic. Maybe add a limit to how much EGLD one can deposit on the buyer contract for the community, so there is still room for a lot of trading after the initial community purchase. I do believe that this will solve some of the traffic problems in the first minutes, because many people just want to buy and forget, and not spam with swaps after that.

Fair Feedback. 🔥

Mass adoption is not for tomorrow , solana,polygon,avax and all other tried fail once there few degen on chain who want to ape an hyped project. Just try to imagine 2-5 billion people using blockchains with our current ecosystem ,All blockchains would be down. Seems that the trilem is insolvable and GAFAM or bank or states will win the party with their centralized blockchain. Common user doesn't care about decentralization but care about UX,i lost faith in Elrond and hope to be wrong.

When will be redirected on our wallet the egld and ride ?