This is ridiculous.
I am living in China.
Before I go to sleep , I placed some order. After I wake up, every changed. My order become only 39% of origin order, and the assert frozen.
If I know the policy change, I will place more order. But both the policy change and the cut off happened when I was sleeping.
it's totally UNFAIR. And it's UNFAIR for all the people living in +5, +6, +7, +8, +9, +10 timezone, which is near 1/3 of the world.
Burnside, when you change the rule, you must have some lead time, this lead time must no less than 12 hours. Or, you should postpone this IPO, instead of doing like this and totally hurt your reputation.
I am living in China.
Before I go to sleep , I placed some order. After I wake up, every changed. My order become only 39% of origin order, and the assert frozen.
If I know the policy change, I will place more order. But both the policy change and the cut off happened when I was sleeping.
it's totally UNFAIR. And it's UNFAIR for all the people living in +5, +6, +7, +8, +9, +10 timezone, which is near 1/3 of the world.
Burnside, when you change the rule, you must have some lead time, this lead time must no less than 12 hours. Or, you should postpone this IPO, instead of doing like this and totally hurt your reputation.
I agree completely.
burnside, you are running a worldwide / global exchange. You need to be fair to people from different locations and time zones.
I'm disappointed in how you handled this situation.
Is it not up to the issuer as to when the shares become unlocked and in what manner the allocation is awarded? I'm not sure that I'd put the full responsibility on the exchange operator.
Additionally, Burnside and LabCoin came up with a creative and fair solution to deal with the unexpected level of demand. Waiting longer would have meant a massive buildup of coin and even more frenzy. I'm not really sure how that would benefit many except those that didn't pay attention to the 14 hours between the unlock time and the IPO action.
