Context: $STT launches their token IDO FCFS with the assumption that cautionary anti-bot measures are being deployed.
Launch: Prices rise from $0.14 to $32 in a minute.
Launch: Prices rise from $0.14 to $32 in a minute.
The presumed anti-bot measures are later revealed to be pulled some 30 minutes from deployment.
This is not announced to the public on the grounds that it's for the protection of the normie user since:
,,We scared away the bots with the initial announcement´´
This is not announced to the public on the grounds that it's for the protection of the normie user since:
,,We scared away the bots with the initial announcement´´
This is troublesome since the announcement itself now lulls normies into thinking they are somewhat safe. While they are not.
Bots really don't care about announcements. They execute or not - perhaps somewhat cautionary.
And so with the precedent to lie, it doesn't bode well.
Bots really don't care about announcements. They execute or not - perhaps somewhat cautionary.
And so with the precedent to lie, it doesn't bode well.
As to be expected, bots revs the engines and get in the same block liquidity is added to the pool:
https://twitter.com/Josephliow/status/1431488880625192960
Moreover, the $STT team's response has been mixed.
Lead marketing takes the heat in an unofficial QA in @TerraBitesPod. It's very commendable, seriously that's bullish.
Other responses, outright horrible:
Lead marketing takes the heat in an unofficial QA in @TerraBitesPod. It's very commendable, seriously that's bullish.
https://twitter.com/TerraBitesPod/status/1431292153322524674?s=20
Other responses, outright horrible:
Adding to this, the influencer gathering is huge.
Marketing is probably necessary but as @Josephliow states, they are not likely to recognize the problems because of this. Dismissing it for FUD.
Marketing is probably necessary but as @Josephliow states, they are not likely to recognize the problems because of this. Dismissing it for FUD.
https://twitter.com/Josephliow/status/1431488897318588417?s=20
Another example; In the heat of the severe community lashback, $STT also decides to post a pump it tweet. Oh what irony.
Low liq ido, bots and hype. Price is all but guaranteed to punp eeet 🚀🚀. Isn't this really the strategy though?
Low liq ido, bots and hype. Price is all but guaranteed to punp eeet 🚀🚀. Isn't this really the strategy though?
https://twitter.com/StarTerra_io/status/1431286883183697937?s=20
The trouble with that is it shines a light on the focus on price rather than ensuring it has a fair launch, gets into as many community members hands as possible, and building from there.
These problems would be something a launchpad would've thought of beforehand. Certainly with the brainpower of the $STT team.
Final example, the team largely signals complete deafness to the community feedback during and directly after the fact. CSO deems the launch a clear success, community member responds:
https://twitter.com/cryptolonggame/status/1431350332739698700?s=20
In my mind, $STT is definitely not a scam. This word is used too frequently and without regard. But the decision to launch as an FCFS IDO is very confounding. We all knew mayhem would ensue.
It leaves a sour taste for the $Terra ecosystem as a whole adding to $TWD.
Driven by hype, bots and giveaways rather than building sound foundations. Wavering responsibility to "Lol don't ape take it like a man".
Driven by hype, bots and giveaways rather than building sound foundations. Wavering responsibility to "Lol don't ape take it like a man".
But onwards though my #LUNAtics frens, we don't have to be one of those ecosystems.
If $STT learns from mistakes like previous responses we've seen from the excellent @pylon_protocol and @anchor_protocol teams.
We can make these mishaps our greatest strength.
If $STT learns from mistakes like previous responses we've seen from the excellent @pylon_protocol and @anchor_protocol teams.
We can make these mishaps our greatest strength.
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