Another way to stop people from dumping the tokens just after the airdrop

Graveyard
105

I for one am not worried about people dumping the initial airdrop. With only 175000 being distributed, if paper hand dump I don’t think it will do much to the price. I think people participating in the ISPO will be much more inclined to dump, but that also will be only 175000.

2 Likes
106

It would be stupid to dump your $INDY right after the airdrop. And if people are selling, I’ll be there to scope up.

At some point, you need to let the market decide.

4 Likes
107

Might make sense to drop an NFT first and then slowly, each epoch for the next year or so, distribute the INDY in small batches to the address holding the NFT (wtih DripDropz or without). If someone is in it only for personal gains, they sell the NFT to someone who actually values INDY as the governance token it is.

1 Like
108

Dropping token over multiple months could lead to people owning high tax bills. If you get them at launch, when they are worth nothing, than you only have to pay if you sell.

5 Likes
109

I think Indigo has already done this to some extent. I agree with an emphasis on community building and education is most likely the number factor to get new people up to a minimum level of understanding. Another aspect is the uniqueness of Indigo and that comes through brand building and marketing. We need to keep getting info out there so that we can bring investors who see the future value of the token.

3 Likes
110

Punishing someone for selling their token is a very dangerous idea.

I think there should be a free market and the price of the project will be discovered as the project moves forward.

3 Likes
111

I like this idea along with kyc so we catch the ones who are using multiple discord accounts and cardano wallet address!

1 Like
112

1)Been able to stake the tokens from start is a great way to motivate the community!

  1. Have it listed on defi protocol like aada as collateral!

3)been able to put it in dex to provide liquidity!

all before the dex goes live!

4)KYC users so we have one wallet per user to avoid

  1. split the drop in two so that if user have the tokens still they would get the second half
1 Like
113

Launch proposal is currently active, which includes air drop proposal