I wrote:
radio silence is more damaging. if the project doesn't need investors then it can keep acting this way. be all about the tech and have nobody invested, then it doesn't need a token, the moment you promote or introduce WCT then you're partly responsible for informing people who invest in your asset you created to track the project's success, not its 'price action' but still responsible in informing investors of anything important that may be of concern. ok so you're allowed to promote and talk about dilution of circulation without talking about its potential effect on the market? you want to talk about token distribution then but not its value and the effect of that? you're basically claiming "nothing is happening what do you mean, everything is fine?" so just say "we don't know"
—-
I wrote it after sitting back watching them gaslight people asking simple questions about what is going on with WCT "what do you mean?", its down 57% wiping out a couple months of gains? what do you think anyone means?
if you don't want to be responsible for your token then don't make one. they want the money from people investing and trading their token, but not the potential culpability, oversight or to be relied on for information about it?
people can talk about the solana airdrop, which is diliution for investors, but not talk about the market? the only reason they'd be going to solana is for the market depth and LPs, but how can there be any buying pressure if all they're doing is increasing circulating supply. they'd need to explain to people how they imagine this will increase the value of WCT token, besides just "Solana people will buy it", why though? why will value increase? why has it decreased? do you need a third party to go digging, or all investors to lose confidence and leave before caring? if you're 100% project and don't care about tokenomics, or what is even happening to your own circulating supply on market, why run a token project?
nobody answered my question about whether they are locking or burning EVM WCT to counterpar the SPL tokens, but was instead told "we don't need to create more tokens, 1billion supply is all we will have", okay then explain how you will technically do that, and its false you do need to create tokens, Wallet Connect team is going to somehow have SPL tokens without minting them?
