As a miner and buyer of Graft I prefer not to have the airdrop, nice call !
Now we all need to know what will happen to the coins? Will they get burned? Will they keep locked? Will they be dumped?
Anyone can answer these simple questions?
If the coins won't be airdroped, what use will they have??
Anyone here from official sources??
Can these questions be answered?
The tokens for the airdrop was intended to be funded from the DEV`s reserve token pool.
As these tokens will not be used for airdrop they will remain in the reserve pool.
Thanks
That is not entirely correct. There are up to 60 million unsold ICO funds already included in the Coin market cap(CMC) circulating supply number( ie as of right now 350,996,755 ). If these tokes are held in a dev wallet, then is the Graft team going to update CMC on this?
The question is, if the coins were to be airdroped, and they weren't, why are they available to the dev's?
The airdrop was canceled, and this was the motive:
"...would result in unintended consequences such as significant GRFT float dilution and potential additional downward pressure on GRFT pricing, negatively affecting ALL GRAFT stakeholders including ICO participants"
But the coins still exists, and are spendable, the best for the project would be to burn these coins instead, this way there would be a potential upward pressure on GRFT pricing