"the pump and dump" dilemma.
Premise:
- DeepOnion will airdrop onions every friday for 40 weeks. (free onions for everyone on bitcointalk) so after the airdrop, "Dumpers"will immediately withdraw all 100% onions from their airdrop wallet and sell them to exchanges, which would cause a "pump and dump" trend. by these trend, it will signal other traders to dump their onions before the price fell on its knees.
Conclusion:
10% withdraw rule. (Existing)
- Users that will withdraw more than 10% from their airdrop wallet will be blacklisted. therefore they are not eligible for future airdrops.
Penalties (Future) take note, this is the real solution.
- Users that want to appeal their blacklisted status will pay a penalty of 80% (upon the discretion of the developers, can change every week)
for example:
if "Client A" withdraws all his 1,000 Onions then the dev team immediately detected that he violated the 10% Rule. Client must replenish his airdrop wallet with the amount of 1,800 Onions so that he will be eligible for the next airdrop. If not, he will not be included in the future airdrops to come.
calculations are as follows:
1,000 x 1.80 (80%) = 1,800
This Solution will ensure that people with the strong intention to pump and dump the Onions will not profit from it anymore. Solving the age-old dilemmas for altcoins.
DeepOnion Delivers!