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Author Topic: Should there be a time limit for coin swap?  (Read 466 times)
Akpuv
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May 20, 2019, 11:26:47 PM
 #61

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.

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muncuss
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May 20, 2019, 11:57:40 PM
 #62

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

Atang Sulaeman
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May 21, 2019, 01:29:45 AM
 #63

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.
BlackFor3st
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May 21, 2019, 01:50:47 AM
 #64

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.

Samboo
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May 21, 2019, 02:07:13 AM
 #65

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.

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