After years of broken promises, inability to deliver as well as decline in market cap and community, Stratis - a former, wannabe “competitor” to Ethereum - has pushed the community to agree to an unfavorable token swap, basically diluting the token value by >25% through higher annual inflation and increasing token balance (to be credited to the “dev” team).Not only did they urge the token holders by leaving no choice, “either you agree or we will abandon the project (due to funds)”, but also purposefully did not release already developed features - only to be available post-swap.While this is already abysmal, the team continues to scam the remaining community and token holders through a rushed and uncoordinated token swap to be completed within less than a month (until mid November) and without enough advance notice and only scarce information during the token swap:no exchanges announced to support the token swapmanual swap procedure failed for several holdersno clarity where the token will be traded afterwardsIn addition, several of the few remaining bigger exchanges supporting Stratis - like Poloniex - are already delisting the token.So, we got a value dilution through an immediate and hidden dev tax, intransparent and unhonest token swap and loss of the few exchanges to sell the crap! (And of course you get blocked for raising these points in their ghost town sub)Well done team!
Submitted October 31, 2020 at 05:42PM
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