The team said they know that E01 still has about 1 billion ECA in private wallets, and they expect ECAP to have about 10 billion less supply after the airdrop. Here're my observations:
1) The team have intentionally planned to reduce supply by 10 billion at the expenses of people who have ECA on exchanges. That is their ultimate goal, not just to get rid of E01. The team also mentioned that E01 has about 50 million ECA in Cryptopia, which is a fraction of about 2 billion ECA that belong to many holders. Their justification is that it's technically impossible to airdrop to users who will receive ECA back from Cryptopia in the near future. The fact is Cryptopia keeps ECA in only a few accounts, and anyone can see them from the block explorer. If the team really don't know how to airdrop to users who will get their ECA back from Cryptopia, then how can anyone trust them to develop a crypto project?
2) The team said that they know which private wallets belong to E01, so he won't be able to get ECAP airdrop.
- If they can really prevent E01 from getting airdrops from these accounts, why they need to exclude exchange accounts from the airdrop?
- If they can't, then what's the point of the airdrop because E01 will get ECAP airdrop anyway?
3) If E01 really has only 1 billion ECA left, what's a big deal? It's not unusual for a 30-billion supply project to have whales with 1 billion or more. It's crypto, and people dump all the time. Are they going to do another airdrop if they find out that someone has more than 1 billion ECAP in the future? For whatever conflicts the team have with E01, don't use it as an excuse to take away investment from those who also spent money to buy ECA.
4) The team said they airdrop ECAP for free, so people who have their ECA in exchange accounts won't lose anything. If you read in the discord, you will see that community members (who will benefit from the loss of others) and some of the team members are wishing ECA to disappear after the airdrop. The team is even taking away the social media and a lot of supporters from ECA. They know really well that their intention is to leave ECA project to die. People who trade ECA on exchanges accept the risk that exchanges may get hacked, but Coinfalcon doesn't get hacked and Cryptopia will return about 2 billion ECA to account holders in the near future. People are not losing their investment because of the malicious hack, but because of the team's decision to exclude exchange accounts from the airdrop. The malicious act in this case is indeed done by the team.
BTW, Don't tell me that the QT-wallet runners are more important than others. They run nodes because they get staking rewards that others don't.
If you got to social media that the team has total control, you will see a lot of flattering posts by those members who can't wait to benefit from the loss of others. For those members who complained about unfairness, they mostly have been banned, and their posts were removed.
Just go to ECAP twitter account, you will see how people really feel about this airdrop. https://twitter.com/ElectracoinECA/status/1331917075682635776Team members always say that they have worked for free. Most of them hold a lot of ECA, and they will benefit from the increase of coin value. Stop pretending to be the saviors. You guys are just upset because you haven't gotten compensated enough for what you guys have done.
******* For those who think about buying ECAP, please run away from it as you can. The ECAP SCAM will fail miserably because it has bad intention from the start. This project starts by stealing investment from innocent people in order to reduce the total supply. It will go nowhere and is a SCAM even before it starts. ********WHAT A SHAME!
