Topic: Should there be a time limit for coin swap? (Read 542 times)
I have faced such a situation one time. Two projects have given a certain time-frame to swap coins I have got from bounty campaigns. I however did it within the time-frame given by the project. I think every project has certain rules and regulations and they act on these rules. As a result, they give a certain time-frame to do tasks. I do not think something bad about giving time-frame to complete tasks.
This is what I observe also that they put a limit in their token swap though it is not a big deal if you are active daily.
But for those people who rarely look the news or update with their tokens then there is a big possibility that you will left behind by useless tokens.
If they can at least extend their duration of swap like 1 year then it will surely benefit all the token holders as they were given a good amount of time to complete the swap. If they weren't able to swap their tokens then the project owner can't be blame if they can at least do this.
But for those people who rarely look the news or update with their tokens then there is a big possibility that you will left behind by useless tokens.
If they can at least extend their duration of swap like 1 year then it will surely benefit all the token holders as they were given a good amount of time to complete the swap. If they weren't able to swap their tokens then the project owner can't be blame if they can at least do this.
restrictions must be removed, because coin exchange is the right of each individual who owns it,
or there may be restrictions to reduce the price decline, or keep the price of the coin stable.
or there may be restrictions to reduce the price decline, or keep the price of the coin stable.
best method i think is to get snapshot of coin amount in investor/user wallet then distribute new coin and they can do whatever to old coin.
But coin swap itself is kinda funny for me coz many project do swap only for reduce supply and increase price. Increasing price with swap instead coin utility, lol
But coin swap itself is kinda funny for me coz many project do swap only for reduce supply and increase price. Increasing price with swap instead coin utility, lol
Should there really be a time limit for coin swap tbh?
Its kinda funny there when i look at some project whom initiate swap
There's still few thing that Crypto are kinda weak when we comes to real world investment
I personally notice quite a number of case where user are left with bunch of useless coins because they didn't swap before a specific timeline.
This wouldn't happen if you buy stocks from stock market, buy commodities contract and etc
If you buy ABC, no matter if they transfer or convert their name to CDE and whatever, you do get back the amount you spent or the stocks that you actually hold.
I even notice there's certain swaps where it only available for 1 month
They expect everyone browse social forums, look at social media and etc
Hence, kindly share your point of view here
You kinda have a great point. There should be no time attached to a coin swap. Users should be able to swap whenever they are ready to do so. I still have tokens on my Idex exchange including xDAC which I cannot do anything with anymore. I guess I missed out of it too. Its kinda funny there when i look at some project whom initiate swap
There's still few thing that Crypto are kinda weak when we comes to real world investment
I personally notice quite a number of case where user are left with bunch of useless coins because they didn't swap before a specific timeline.
This wouldn't happen if you buy stocks from stock market, buy commodities contract and etc
If you buy ABC, no matter if they transfer or convert their name to CDE and whatever, you do get back the amount you spent or the stocks that you actually hold.
I even notice there's certain swaps where it only available for 1 month
They expect everyone browse social forums, look at social media and etc
Hence, kindly share your point of view here
We are responsible to follow up on our investment, on the other hand it is not realistic that we follow all of our coins all the time, especially if we invested in them long term. The projects should find the way how to inform their holders about the swap and not only through social media.
It is really unfair, I have a couple of tokens in missed swap announcement and they are now useless in my wallet.We get so busy and may not have known there was such swap.Not nice from those project teams.A better approach should be to run an automated swaps.I have seen a few projects do that.You don't have to do anything to get your new tokens.I suspect putting a time frame for swaps is also a ploy to the tokens in circulation
In order to avoid incidences like this and to avoid users from missing out, i think some decided to get it done automatically, by capturing the addresses holding the tokens.
Some have even advanced in such a way that they do not limit it to personal wallets alone, but also exchanges on which they are being traded, most especially CEX.
Some have even advanced in such a way that they do not limit it to personal wallets alone, but also exchanges on which they are being traded, most especially CEX.
In my opinion if a coin has entered the exchange list then there is no time limit for exchanging the coin. It's just that we ourselves must estimate the time of exchange on the market because not all of these coins have the potential to last long on the market. Even though it is not limited if the coins we hold are not potential coins then one day the coins will become trash in exchange. Therefore, before the coin becomes trash, we should have exchanged it and we have got the profit we expected.
The decision to give a time frame for any coin swap lies with the team of the project and i think ideally there should be a time frame so that the team can move on with further developments of the project. This is also very important when the team is planning on launching its own blockchain network.
i think there should be no time limit for the swap of the various tokens, or if there must be a limit, the swap must be advertised very well on all possible channels so that everyone can do it...
I understand that they set a deadline if they have to send the tokens or coins manually, but they also need to understand that there are people who don't follow the news or social media channels and can miss the deadline. I think there are ways to solve those situations, for example, for people who miss the deadline they can send the coins once a month or every two months.
You should set limits for short-term Crypto transactions because they are very risky and quickly lose money in short-term trades. You should explore and select potential Altcoin to hold long-term to replace risky short-term transactions. I believe that HODL is always a good and profitable option.
Why should we set a time limit for trading cryptocurrency? I think that we, on the contrary, strive to ensure that our coins and tokens are always traded and are available for this. Do not be afraid that they will fall in price. This will depend on the project and on the usefulness of the coin or token itself. We must always have the right to choose to buy or sell them. This is one of the main functions of cryptocurrency.
Time limit for coin swap is bull crap, all investors interest should be cherished no matter what and project team should know there are some investors that might not get the swap information in the scheduled time why automatic swap is important, instead of giving time limit for swap and screwing people off of their investment do automatic swap and there will no be issue
the best thing is unlimited swap time, perhaps putting the exchange rate ratio as the only limit, decreasing it with the passage of time
This is really a problem for many. Due to such a huge number of projects it is almost impossible to keep track of all their coins. Especially if they still come up with some stupid conditions. Now it is better to keep a few coins that seem to you the most worthy.
I do not think that it is a good way how to reduce supply. For example I am still holding my 99 TRX ERC-20 airdrop and there is no limit for token swap. So why I should create TRON wallet when I do not use this coin? I only want to hold it... 
I think that if you set limits everywhere, there will be no one here. Because people will not work where it is difficult to earn. People are looking for where it is easier. Because they are here.
i think there should be no time limit for the swap of the various tokens, or if there must be a limit, the swap must be advertised very well on all possible channels so that everyone can do it...
Should there really be a time limit for coin swap tbh?
Its kinda funny there when i look at some project whom initiate swap
There's still few thing that Crypto are kinda weak when we comes to real world investment
I personally notice quite a number of case where user are left with bunch of useless coins because they didn't swap before a specific timeline.
This wouldn't happen if you buy stocks from stock market, buy commodities contract and etc
If you buy ABC, no matter if they transfer or convert their name to CDE and whatever, you do get back the amount you spent or the stocks that you actually hold.
I even notice there's certain swaps where it only available for 1 month
They expect everyone browse social forums, look at social media and etc
Hence, kindly share your point of view here
That's unfair and i have ever experienced it. I missed the first phase of the token swap and i just got 0.5x from my initial investment while those have participated in the first place got up to 2x. this looks unfair but basically, all of the token holders already listed in the blockchain and it's easy to track them all. To give a time limit for token swap is a non sense idea. Its kinda funny there when i look at some project whom initiate swap
There's still few thing that Crypto are kinda weak when we comes to real world investment
I personally notice quite a number of case where user are left with bunch of useless coins because they didn't swap before a specific timeline.
This wouldn't happen if you buy stocks from stock market, buy commodities contract and etc
If you buy ABC, no matter if they transfer or convert their name to CDE and whatever, you do get back the amount you spent or the stocks that you actually hold.
I even notice there's certain swaps where it only available for 1 month
They expect everyone browse social forums, look at social media and etc
Hence, kindly share your point of view here
But usually the developer will tolerate when the time limit has expired, indeed this is not fair. I have experienced it like you, I can't monitor it every day and I miss it until the time limit is up. Then my step is to contact the developer to ask for tolerance and the average developer will listen to it, but that depends.
So do not be careless, always monitor, it is not entirely wrong from the rules they make but we are wrong too.
It's very bad to see some projects that introduce coinswap for there tokens using time limit, those who aren't aware will lose out, it's really very annoying, developers should follow the footsteps of few projects that remove time limit to swap to new tokens from old, I can't see any reason why using time limit at all
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