Post
Topic
Board Announcements (Altcoins)
Re: WAVES | Ultimate crypto-tokens blockchain platform | unofficial supporters topic
by
Cubirez
on 20/12/2017, 01:29:16 UTC
Isn't it true that one can kinda 'cheat' the whole WCT airdrop thing? Simply get a bunch of WCT just before the airdrop, then receive the airdrop, then sell the WCT again and return to where you came from. Possible losses in the form of fees and slightly less favorable rates are probably compensated by the LiquiWaves. Or did I missed something?

I dont consider this behaviour cheating. If somebody wants to do this, he can do it. As the airdrops are distributed to WCT holders, they would be distributed to someone anyhow, so it doesnt really matter who is holding the coins when the airdrop happens. If the person who does this sells his WCT again right after the airdrop, there will be someone else taking his trade and therefore become the new owner.

If lots of people behave this way, it would only result with the price spiking before the airdrop, and dropping right after. So the exchange rate wouldn't only be slightly less favorable, actually there is a real risk pfoceding this way and only the few fastest people moght manage to get an acceptable rate.