During the launch of coins yesterday, there was some suspicious activity around the sale of a community grant which sparked some discussion in the discord channel.
To summarize what happened: TAFO coin launched and when the coin was being sold down during speculation, TAFO sold 1000+ of his own coins shortly after launch. These coins were allotted as part of the community grant.
-There are currently no guidelines that I am aware of on how the community grant is to be spent
-The ability for a creator to sell off their grant for a quick profit is potentially bad optically and bad for the long term health of the rally ecosystem
-Due to the speculative nature of the first few weeks on Rally & subsequent weeks for weaker economies, it is in the creator’s best interest to sell their coins if they do not think that their true support volume can exceed speculation volume in the near future
-Community grant can only be sent and not sold(not sure how feasible this is)
-Community grant is subject to certain flow controls(either 50% available or something of the sort)
-Stricter/ more clear guidelines on how the community grant can/cannot be used
Please feel free to weigh in I’d love to hear more about what people think on this