On each chart, it is possible to notice a pump & dump pattern, where the dump is limited by the Flow Controls.
If the Core Team believes that this is not clear and convincing evidence of fraud and yet keeps launching Coins; some might argue that this is negligence.
Proposal:
It may be well-advised to put Coin launches on hold until the Fair Launch update.
While I am excited for Fair Launch to be ready, which I suspect is holding up a lot of creators from launching, your proposal would take away the ability for a creator/community to choose whether to launch under the current market conditions.
Let me rephrase your proposal, curious if you still agreeā¦
Prevent creators from launching, period, until Fair Launch is ready.
Iād certainly vote no to thatā¦
On a different noteā¦
There is no āfraudā occurringā¦ what youāre referring to is behavior from users participating in the market under current conditions. You need to stop using such loaded terms like āfraudā or āinsider tradingā - final warning.
To some extent, I agree. Although I just canāt figure out how todayās Coins can follow the exact same pattern for more than 10 hours without any mechanical means?
I think that from a creator point of view, they should be made aware of these potential effects and have them decide to launch yes or no. And if yes, the creator can decide whether or not to educate its fans.
I guess they are not obliged to launch (yet) once theyāve sent in their application and me, you, others as potential buyers/supporters are not obliged either to buy a CC (straight away at launch).
As both parties involved have a free choice to make, in my opinion no further action is needed in the mean time until the āfair launch updateā.
Almost everyone on this forum is either developers or creators; this thread will likely be ignored or overlooked. And I can understand that, it doesnāt take much to be ostracized given the limited amount of people actively involved in this startup.
Who should I contact to report suspected fraudulent activity since it is taboo on Discord, now this forum?
You posted a draft proposal about pausing coin launches - I directly addressed your idea, rephrased it, and asked you a question which you still havenāt answered. Please donāt deflect the conversation away from your own topic.
Interesting data, thanks for sharing. Are many of these coins backed by an actual utility and/or project of substance? This would be a key piece of data to consider.
āPotential effectsā ā well for instance that there is or can be volatility involved looking at USD-value (ao due to underlying RLY price), but also educate fans that in terms of amount of CC holdings, itās all good from a special perks perspective.
Most of the loss you mention is from āold customersā, who clearly own rally already, who try and get in at a coins launch for a low rate, but end up getting it at a high rate due to the design of the purchases and my location relative to the website/ servers. I stopped buying new ones at all because I found I either lost money relative to the starting price, or at best broke even after rewards while needing to dump the coin just to preserve what value I started with in the first place.
And creatorās donāt lose anything if those with rally buy their coins early, AND the creator waits to launch on their channels after the price stabilizes. Plus Markovic already mentioned the creators need to educate their followers on what they need to receive the benefits they offer.