Topic: Why Token Swap? - page 2. (Read 207 times)
Token swap is just another term for salvaging a project that proved to be a failure. Most crypto teams do this in hopes that a new token would help them overhaul what their project is which will in turn, attract new investors or old investors to reconsider the token once more. Kinda like a breath of fresh air, except that it's the same old thing facelifted to make it look fresh and new. I don't buy the idea behind token swaps, but it obviously works because a lot of people still buy them even though they know it's the same thing.
It just shows how the project was rushed. They sell their tokens to private investors and pay marketers for peanuts with tokens that were minted in an hour or so. Developers knew that the token doesn't have the features they were putting out in their whitepaper so they do token swaps when investors start asking for results.
Simply because they are using "compensation" by means of swapping chains and tokens, for "improvement" of the projects. To some projects before, there are really investments which became better when they do this procedure because of smaller transaction fees and ofcourse, faster. But mist of the time, as everyone have mentioned in this topic, it is just an excuse that the project did not meet its expected 'success'. This is also evident to some of the p2e projects at this moments wherein they are changing their mother token to again attract investors, once the first one never did an impression to the market.
You already have the answer in your question. They swap investor's tokens and don't swap airdropped tokens because this will make airdropped tokens obsolete and not "affect the price of their token" in their imagination since airdrop hunters usually just tend to sell off most of the time.
Other times, the tokens are just usually scam and token swap is just an excuse.
Other times, the tokens are just usually scam and token swap is just an excuse.
Some contract swaps also happen because a chain is cheaper or considered more innovative than the previous one too (this might just be a way to get investors to hope you're going to make something worthwhile or there might be a genuine plan behind it if the token is still going well/above ico price).
I've seen some tokens do badly and have their developers offer a buyback scheme on a new protocol too (with the same contract but with an additional function where coins are wrapped inside the contract so when you burn your tokens you'll get a proportion back out in your original currency).
I've seen some tokens do badly and have their developers offer a buyback scheme on a new protocol too (with the same contract but with an additional function where coins are wrapped inside the contract so when you burn your tokens you'll get a proportion back out in your original currency).
swap is most often just an excuse.
creating a false image that something new is happening, further development, or whatever the team's excuse is. the truth is that some kind of denomination or worthless token is actually being carried out, the holder will get a new token/coin in a 10000:1 relation. and it's actually a little trick to keep the token/coin tradeable because its value is no longer the eighth decimal place.
also, an excellent possibility that all tokens of inactive holders will be burned (because they did not do the swap on time). thus reducing the total number of tokens in circulation and seemingly increasing liquidity.
All of you who collect the airdrop are just the current marketing momentum. in the long term, no one is counting on you as supporters, hence the reduced concern when that specific moment passes.
creating a false image that something new is happening, further development, or whatever the team's excuse is. the truth is that some kind of denomination or worthless token is actually being carried out, the holder will get a new token/coin in a 10000:1 relation. and it's actually a little trick to keep the token/coin tradeable because its value is no longer the eighth decimal place.
also, an excellent possibility that all tokens of inactive holders will be burned (because they did not do the swap on time). thus reducing the total number of tokens in circulation and seemingly increasing liquidity.
All of you who collect the airdrop are just the current marketing momentum. in the long term, no one is counting on you as supporters, hence the reduced concern when that specific moment passes.
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I did few airdrop when I was learning about crypto currency and what I discovered from the airdrops I did was that most of the Altcoins project carry out "token swap". They swap from their old contract to a new contract. Most times they only swap investors token but don't swap airdrop participants token. My question is why do some Altcoin project do Token Swap?
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