Re: [ANN][OMG] OHMYGOD! Another alt? YES [LAUNCHED] [X11-Pos 55%. NO ICO-IPO]
I agree I believe that is to end the POW period before being listed on exchanges, to prevent unnecessary dumps.
I was involved recently in a coin called findyoucoin.
-Dev statement: please,suggest the community to wait end of distribution before trade
-Community: No,let's push for exchangers. We want exchangers. We want exchangers.
-Exchanger arrived. Result: pump-dump-pump-dump-pump-dump. Price: 5 satoshi.
I am still holding on to my Findyoucoin's but I do agree with you. An early exchange was not good. The dev's idea was for people to use these coins as bounties to find scam dev's. Instead it has just become an easy way for people to get free coins and sell for a little profit. This further proves that the community plays a major part in whether or not a coin survives.