Post
Topic
Board Announcements (Altcoins)
Re: [ANN][AIRDROP]X-CASH | First CNv8 based coin with public & private transactions
by
Zach_H-X-CASH
on 04/04/2019, 23:26:49 UTC
So I want to address the airdrop issue as best as I can right now, and I will come back later as well.

So first off I do want to clarify, their was growth in the project, using our internal metrics as well as just looking at the market cap. from 300K to 1.3M and currently around 900K - 1M. If their was a bunch of people getting a lot of X-CASH I would have excepted the market cap to drop since they would not really care what price they were selling that X-CASH at.

With this being said, we are well aware that their are cheaters and that were not stopping all of them, that is just logical and part of any airdrop. We believe that we did stop many of them on this last airdrop, since we have tested our SMS providers with many "tricks", yet we know there are still problems and tricks we are unaware of.

Were having a meeting on Saturday to talk about this, as well as many other important topics, to decide how we want to proceed, and what changes we want to make to our current airdrop requirements.

It is a delicate balancing act on this airdrop, because we dont want to enforce too much KYC or hoops for people to go through, because that would mean less people applying and it would be centralized, which is almost just as bad a having no checks and having people create thousands of accounts, thus centralizing the airdrop.

Also we know that a lot of people (especially since were a privacy coin at our core) would not like to submit anymore KYC information for the airdrop.

As you can see were trying to refine the airdrop process, and I hope to have a good solution on Saturdays meeting.