One of the privilege earned by holding your native token is the ability of early bidding for new tokens, how many token does one need to be able to enjoy this privilege? And how does the other community or the projects' team will think about this? Most exchange will not disclose the date and list of new token listing, and this feature propose a "violation" to the unwritten rule.
It will be listed and then locked for trading unless you have the required amount of tokens, 100, but subject to change in favor of users based on market conditions.
Just to make it straight, the owner of 100 NEXT (subjected to change) will earn a privilege to buy and sell newly listed tokens up to 14 days prior to public listing? Or will it be listed and then locked from public?
Let's say, an ABC token is to be listed on January 15th, will the owner of 100 NEXT be able to start trade them from January 1st or will they still only be able to trade from 15th (whereas the other will be able to trade on 29th)?
You have it correct in the last part. Once it is listed on the 15th, holders will have access on the 15th while everyone else will gain it on the 29th.
I honestly wonder if the feature will be beneficial, without being sceptic. Let's assume there are 100 people holding the privilege of this early trade, while the rest 500 were content with waiting for the public trade, the initial pump that usually follows a listing, or the excitement that bring volume, will not happen because most of the token owners (or, to stick with the example we use earlier, the ABC owners) still can't trade them. So, the main excitement, pumps, and volumes, will still happen on 29th.
I think it'll be not too different from a case where projects releasing their tokens 14 days before exchange listing, people can trade on DEX, but only small numbers of holders interested to do so, resulting a small to no volume, whereas the main trading activities happen 14 days after.
It's an assumption. We can assume that there will be more than 100 people holding privileges to trade early.
It would also show true demand to get on board a project and hold its token/coin.
Also, 100 NEXT for early access is not hardcoded, it can be adjusted based on market conditions in order to benefit users and the project.
Regardless, we will see how it goes with this feature.
Regarding it not being a benefit if many people try to utilize it... Why? It creates buying pressure. Sure, we have utility to provide through the use of NEXT.
Greater demand to trade a project early bird promotes greater demand for NEXT. "So the benefit is no longer a benefit as everyone entitled to it" it sure is a benefit for existing holders who will see their NEXT holdings appreciate in value.
Hope this makes sense.
(replying to paragraph 2)
Price-wise, yes I can understand that it'll make very much sense, that the more people trying to get hold of the token to be entitled to early bird feature, the more it will be beneficial to the existing holders as their token value increases, thus benefit (or rather, profit).
But feature-wise, will it be beneficial? Let's assume that the entire members of your exchange are 100 users. Due to the interests on the feature, 80 of the 100 users are possessing the NEXT token, this means majority of your community are entitled to this early trade, which lead us to a situation where the early trade is almost equal to an ordinary trade, there were no early bird anymore, only the night-owl... or late-worm.
Thus, your feature is no longer a feature, isn't it?
