Thanks for explanation, It’s a good idea to give the community the possibility to decide the next steps.
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This will encourage spam! and to restrict that and reward only the high quality engagement will be an extreme overhead of a task!!
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the best thing is the indigo team communication and trust in the community.let s go indigo.
Will be interesting to see how the Minswap taste test works out - take notes.
A simple airdrop is good for all community members that join also this will give the project the opportunity whst the rest of cardano community is looking for so it is important to airdrop to new community members with different reward milestones
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Thank you for this article brother. Full of useful information and well written. With a community like this I see Indigo becoming a really amazing DAO!
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Minswap’s LBE is a direct copy of SundaeSwap’s Taste Test 
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But it isn’t anything new that sudaeswap touched at all right… The Mango Markets style price discovery was something that was always existing no… I participated in Aurory sale in this process. Most times it turns out bad. People will ape in into it as if its a pre sale, and the price is set as high during discovery stage. And the price tanks from there upon the trading starts…
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It’s of course a possibility that people ape into in during the discovery stage. However, this is still one of the most fair methods of price discovery. If the market wants to ape in then that’s their choice. They end up setting the price. The discovery event is completely driven by the market with no team influence.
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Interesting. So it’s a tought and exciting journey…
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So, wouldn’t that be an ineffective method if the fair price of the coin is not calculated due to that aping it? and if that price just cant hold up after trading starts??
Because 90% of the general public are not capable of taking the decision like how much a company is worth or its ability. Its not just aping in, if due to market conditions people do not put in their funds, the price will end up in an under valued situation… Just wondering if this sort of price discovery is an effective method at all. Its definitely completely market driven (But can definitely influenced by whales if they induce or remove massive amounts which triggers a market sentiment)
If you leave enough time for price discovery and educate folks about the circulating supply, then you’ve done all you can. I’m no lawyer but price discovery seems like the way to go from a legal perspective and the pros seem greater than the negatives of some buyers being irrational. I would also point to Minswap’s LBE – people are not aping into that and rightfully so – supply is going to be much higher after the LBE and that seems to be getting priced in
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That is absolutely an accurate point. Yes, a ton of legal issue can be totally invalidated by price discovery method! No one entity or person is deciding the value, which means sufficiently decentralised… Thanks for pointing that out!
And reg. the Minswap’s LBE, that is because of the war and the markets. Plus many people are betting big on Sundaeswap as it got the first mover advantage and a lot of user’s liquidity is locked in its pools. In Indigo’s case, it will the first of its kind on Cardano. People will ape in!
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Wow! thank you…great breakdown
Love the communication, great reads👍
Would a price discovery method for INDY look the same as the LBE, or Sundaeswap’s fabled taste test? Or something different?
lets keep it simple. that makes life easier for everyone
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nice. but lets not complicate.
Hats off to your patience.
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Minswap’s LBE and Sundaeswap’s Taste Test, and Mango Markets style price discovery in general are all the same approach!
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