In hindsight, one of the failures of the IDO was that pre-swapped and FEI-only people received the airdrops from the same pool of 100M
if it would have been a 50-50 split between fei-only and preswap, the airdrop situation would have been a lot more fair, and speculative freeloading sell pressure would have been much reduced, as pre-swap folks are generally committed to the long term vision of the project
the final day saw massive amounts of inflows, without pre-swapping; which greatly diluted the shares due to pre-swappers.
A large source of frustration within the community right now, aside from the inability to exit FEI position due to the peg (discussed elsewhere), is the fact the well intentioned supporters of the vision who committed to pre-swap are the most hurt group currently. By some measures, the only people who have benefited from the current situation are people who committed to 0 pre-swap and exited their airdrop positions as fast as inhumanly possible.
As a measure of adding confidence to long term stakeholders of the community, I believe a secondary airdrop should be due to people who have committed to pre-swap during genesis; The technical details of which I invite everybody to discuss here.
70%ETH swapped to FEI and thats the reason people selling FEI not TRIBE since TRIBE price is stable bewteen 2~2.2 USD.
Tribe price is related to the peg system. Airdropping more FEI or TRIBE would cause more selling pressure. Restore the confidence of pegging itself should be the first consideration.
I agree, Fei team said community first, but as early adopter we preswap to Tribe, only to be dumped by whales who came in last few hours with 0 preswaps.
I agree with this as well. 100% pre-swappers are (for the most part) here to stay - we’re in it for the long term. It’s unfair for fans of your project to be punished like this. Having a thank you gift - maybe an nft? Airdropped to pre-swappers (who haven’t dumped) would be very novel, make a lot of people true HODLERs and help propagate the success of the project.
Spot on. This is a good idea. I pre-swapped 75% and am committed but this show of good faith to the community would go a long way to demonstrating the same good faith in return.
I like the idea of a vesting schedule, 100% swappers are believers in the project and are here for the long run. I wouldn’t mind a vesting schedule that progressively releases TRIBE over an arbitrary long period of time.
An airdrop for those who participated in the genesis and made the exchange for the Tribe, this will give a fair price to the participants in the genesis. The $ 3.25 Tribe looks like a scam. We are supporters of the Fay project, where is the justice? Trust in the Fei project needs to be restored!
Keep in mind this is the second day post launch. In my opinion an airdrop would not eliminate the selling pressure. Actually it might have the same result as the first one, especially if it is distributed based on how much you committed.
There need to be other changes first, things like this can be discussed about later on along the road for people that supported the project(longterm).
Those who pre-swapped a lot probably didn’t understand the protocol well, to be honest. They probably expect TRIBE to moon in the IDO and make quick money. They are so called “dumb money”, which gave the “smart money” the opportunity to take quick profit.