Should there be a time limit for coin swap?

[puremage111]

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

[1715545378]

1715545378

[Red-Apple]

that is why immutability has been one of the first and most important characteristics of bitcoin from the first day. a user, when converting his money to a cryptocurrency, has to be assured that what he is buying is immutable and can not become invalid as time passes. this is why bitcoin is still the strongest while others keep failing!

[JeffBrad12]

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.

[Ailmand]

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 agree with this. I have been in several projects who sometimes requires swap because they changed from one platform to another, or whatever they might think effective for project exposure. And gives a certain date for a swap. I mean to be honest, I think some investors fon't really get this uodates because some would just buy and leave it because they intend to HODL it for a long time. Which will now exclude them since they are late for swap which is unfair.

[aprilnot]

that is why immutability has been one of the first and most important characteristics of bitcoin from the first day. a user, when converting his money to a cryptocurrency, has to be assured that what he is buying is immutable and can not become invalid as time passes. this is why bitcoin is still the strongest while others keep failing!

yes you are right, only bitcoins do not swap and others. meanwhile, many projects do it and they hope that by doing so it can increase prices. but in reality it was only a futile effort and detrimental to investors who did not know the latest information.

[takngantuk]

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.

[hrunya102]

In my opinion, this is a big problem for cryptocurrencies, I participated in different ICO and now I have many different tokens, but it is very difficult to keep track of all. But some projects, if you contact them after the swap end, can help you and make swap.

[Terrmit]

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.

[talkbitcoin]

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.

[AltcoinsBattle]

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.

[SaRmY]

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.

[niisarearning]

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.

[funchiestz]

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.

[puremage111]

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?

[joinfree]

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.

[semobo]

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.

[Babbylily1112]

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

[Adriano2010]

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.

[akitha]

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..

[mrdeposit]

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.