Should there be a time limit for coin swap? - page 3.

kaya11

full member

Activity: 1344

Merit: 110

SOL.BIOKRIPT.COM

Quote from: puremage111 on April 17, 2019, 05:20:10 AM

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

It is a strategy I guess, to minimize the shareholders or numbers of coin holders. Some buyers were too busy to open their accounts and to know what is the latest news and trends about their coin. And the moment their back they are already too late. Sometimes even the allotted time is gone, they also accept coin swapping, that kind of dev team is what an ideal team should be.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: hummer113 on April 17, 2019, 04:26:11 PM

It would be great to have a service that shows when the nearest swap and what project. Since I bought a lot of different tokens, it is impossible to monitor them unfortunately.

I wonder what would they do with those coins they swapped to you if they don't have much that value. Can they still consider to swap those coins i mean those shit coins? Some altcoins are good for investment for the long term but most of them are shit coins which is not making a change in the market for the past few months.

stfN2128

member

Activity: 882

Merit: 14

I don't like timelines for swaps, mostly there are just a few days. you have to check everything regularly Roll Eyes

this is something what i support... longer timelines for swaps! would also bring some more trust to the crypto market

hummer113

member

Activity: 686

Merit: 10

It would be great to have a service that shows when the nearest swap and what project. Since I bought a lot of different tokens, it is impossible to monitor them unfortunately.

sabine80

member

Activity: 728

Merit: 14

my opinion is, a time limit for coin swap is bad. not all people actively follow the crypto market but still have coins. they rely on the fact that they only need to keep their coins. these people then experience may be too late, that there is a coin swap and thus lose their investment. as a result, you lose money and trust in a coin. therefore a coin swap should always be possible. only that is fair.

prof7bit

hero member

Activity: 938

Merit: 500

https://youengine.io/

Quote from: mrdeposit on April 17, 2019, 03:08:14 PM

Quote from: akitha on April 17, 2019, 03:06:51 PM

time limit is beyond the devs hand,, you cannot blame..for sure they are notifying their holders via email or social media to remind them if there is a swap..

Usually, devs send the email about the upcoming or planned swap deadlines but this information is not enough to catch the real-time of the swap. Social media contents are updated regularly and pinning the single post is not enough in my opinion.

Tracking such information in social networks is not an effective activity in a world where there is already a lot of information. I do not like this idea.

mrdeposit

hero member

Activity: 1358

Merit: 509

Quote from: akitha on April 17, 2019, 03:06:51 PM

time limit is beyond the devs hand,, you cannot blame..for sure they are notifying their holders via email or social media to remind them if there is a swap..

Usually, devs send the email about the upcoming or planned swap deadlines but this information is not enough to catch the real-time of the swap. Social media contents are updated regularly and pinning the single post is not enough in my opinion.

akitha

member

Activity: 742

Merit: 10

time limit is beyond the devs hand,, you cannot blame..for sure they are notifying their holders via email or social media to remind them if there is a swap..

Adriano2010

hero member

Activity: 1414

Merit: 516

Well i think there should be a time limit for coin swap because if there happen an change that affect the altgorithm of coin from full PoW to PoS then will be a problem to hold both chain on and can affect the coin if the swap not happen on time.

Babbylily1112

jr. member

Activity: 247

Merit: 1

This is one of the problems that needs to be tackled, I participated in a project where the token was distributed and we held for a long 6ime and nothing only to stay offline for a month cos of work and when back online was told that the token was swapped and there is nothing that can be done, it wasn't a funny one cos I lost $450 cos of it. There shouldn't be a deadline to coin swap

semobo

full member

Activity: 1498

Merit: 146

Quote from: puremage111 on April 17, 2019, 05:20:10 AM

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

Project team need to give enough time for all the investors to swap their coins so like 3 months might be enough but not all the people who investoed are not going to follow all the instructions from their ANN thread so how they are going to contact the person ans say this is another mistry.

joinfree

sr. member

Activity: 1246

Merit: 260

1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

There should be indeed a time schedule for a coin swap because the team of the project needs to focus and move things ahead but i also want to speak on the side of the investors of the project that they should be given enough time to do this swap. One month is too small i think first there should be news about this swap 2 months before the time and at least a maximum of 3 months should be given for this swap to take place. Definitely some folks would still miss the swap with this wide range and that would be their own problem because staying in touch with your investment is also the responsibility of the investor.

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: funchiestz on April 17, 2019, 07:17:47 AM

Quote from: puremage111 on April 17, 2019, 05:20:10 AM

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

I think the time limit is a ridiculous practice. I'm buying a token for investment purposes. And I want to invest in long-term investments and just wait and not follow. In that case, if I give time to me, the money in my hands is completely lost. I mean, the money I buy is a trash.

Exactly that's the case
If i am investing for long term, i have no point to follow up with the news as much as i can
I personally have missed around 2 swap and got nothing back in return so yeah..
Even project like ICON does has a deadline but of course, its longer in time.
I do still feel most project are kinda hilarious, i mean i personally seen a token who made swap from ERC20 to ERCXX and they wanted to perform a manual swap
Since it is on the same chain, can't they just airdrop the token to the previous token holder by running smart contracts?

funchiestz

sr. member

Activity: 1134

Merit: 342

Quote from: puremage111 on April 17, 2019, 05:20:10 AM

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

I think the time limit is a ridiculous practice. I'm buying a token for investment purposes. And I want to invest in long-term investments and just wait and not follow. In that case, if I give time to me, the money in my hands is completely lost. I mean, the money I buy is a trash.

niisarearning

sr. member

Activity: 910

Merit: 252

Exactly even i concern about that but coin swap in same platform would be easier process like ethereum token one contract address to another . but if coins swap to another network or own blockchain ( Mainnet) solution it is tedious work . Most of the time i transfer currency to exchanges which support mainnnet.

SaRmY

full member

Activity: 645

Merit: 100

Not. They must lock the window. because not everyone can exchange their coins at that moment. And a month is too short a time. Something is always wrong in haste.

joshua123

full member

Activity: 527

Merit: 113

Actually swapping to a new network or own blockchain is good but sometime the duration of the swap is the problem. It has a very short period of time, I guess this isnt helping those who sold some tokens who arent a social type material. What will happened to their coin if reaches certain period of swapping or exceed the schedule? Right they should have longer the seapping period as not many are aware of the events on different coins.

Some investors arent watching their holding social group everyday.

AltcoinsBattle

member

Activity: 537

Merit: 12

The market is a free environment. Anyone has the right at any time to buy or sell any asset on the exchange. If the user misses a good time, then this is the user's difficulty.
The same with listing. Only the user is interested in tracking the listing of assets, if necessary.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

this is why i have never held on to any altcoin for more than its pumping duration. you never know what is going to happen with them. these things like coin swaps and their deadline time is one of the good cases because you at least have some time to swap the coin and rescue your money. the worst cases are when there are serious bugs in their protocol that leads to catastrophic money losses that kill the coin entirely.

Terrmit

jr. member

Activity: 413

Merit: 1

Quote from: takngantuk on April 17, 2019, 05:57:47 AM

it should be unlimited. if they apply the limit this is very disappointing. Invertor who will be harmed, if that happens. no one forbids the project to swap tokens but at least there is no limit for swaps, so whenever an investor wants to do that it can. if you see a lot of things that can be obtained from swap tokens, but the main reason is an increase in prices. many hope that when the swap is done prices will rise.

Restrictions on this should not exist. The fact is that not everyone can follow the news. I have seen so many people lose big money on this and this is a problem today. But we can do nothing with this to do this project conditions.

Topic: Should there be a time limit for coin swap? - page 3. (Read 501 times)