Let's acknowledge that it is better that CCEX instituted an XVGCT buyback program at all, rather than go out of business. So that part of the issue is noble.
However the primary issue I see with the current trading system for XVG replacement tokens, is the speculators are now taking advantage of the victims, and I think rules need instituted to stop that - its simply not fair - if some rules were added it might quell concerns quite a bit:
- Publish a dedicated XVG metrics web page with the total stolen XVG coin count, the amount spent on reimbursement from CCEX pocket side, the amount of outstanding XVG (of the affected), a percentage of the consumed coins left in circulation, so people can see the positive effects of the buyback program and how much damage is left to see
- Mark the tokens in everyones account XVGCT if affected by the original wallet loss, XVGCT2 if traded on the exchange (color the coins)
- Add a rule to the XVGCT trading page to Not allow selling of an XVGCT2 token above half of its fair value
- Allow XVGCT tokens to be sold at any value
- In this way when CCEX comes in to buy once a week, they hit the XVGCT owners and do NOT hit the XVGCT2 owners
Its probably a good thing some liquidity is provided with this recirculating trading page, but it is NOT fair that the XVGCT owners are forced to be at the mercy of these speculators who are buying XVGCT just to make a profit. This puts them in an irate rage and this business is going to go around in circles infuriating everyone affected by this for a long, long period! It certainly drags down the perceived integrity level of CCEX and fills CCEX ticket queue up to the brim with issues they cant even process.
If they dont want to create a custom trading screen with rules (IE a Type3 ticker trading page) custom designed for this, then I argue its better to remove the ability to trade by non XVGCT traders.
( Or another alternative is possibly to make it to where people who BUY XVGCT during this phase (before CCEX pays everything back) cannot sell XVGCT2 til AFTER this dilemma is over. Only the original XVGCT can sell til that coin count reaches 0 ).
Agree with what you said. And that's all very logical and reasonable. I wish it would happen / would have happened like this. Sadly, C-CEX does not show any intent on actually resolving this, or at the very least resolve this in an acceptable fashion.
That's kind of the issue. They have repeatedly shown they are not to be trusted. Over and over and over again. They ignore people massively, they gaslight, they hide and they are passive. (to say the least). They claim to be "trusted secure and friendly". Actions tell more than words.
At some point, we the victims of this shady - borderline criminal - behavior, feel left with no other choice than to take action. That's why this thread is so active. That's why there is a Discord channel. That's why we are irritated by people who keep telling us that we 'just have to wait' and that it is 'our own fault'. We won't' (anymore) and it isn't.
Hopefully, C-CEX will come clean and finally help us get our money back ASAP.
