Should there be a time limit for coin swap?

[prof7bit]

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.

[sabine80]

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.

[hummer113]

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.

[stfN2128]

I don't like timelines for swaps, mostly there are just a few days. you have to check everything regularly this is something what i support... longer timelines for swaps! would also bring some more trust to the crypto market

[Oceat]

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.

[kaya11]

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.

[StephenJH]

The time limit for coin swap is not necessary and giving enough time to investors are better than making a rush. Limits should be applied to the amount of token depending on the token owning rate rather than applying time limit.

[dungp3132]

About swap, there are some basic things:
- Most of swaps come from failure projects, then developers or community that take over old projects and do the swap as efforts to reboost.
- Most of swaps have the end day to swap from old coins to new coins.
- Most of swap have ratio smaller than 1:1 (old:new).
I agreed with the OP about the schedule end day for swap.

[cryptobae10]

swap limit for a coin is not good enough; there shouldn’t be any thing as such at all
Not everyone can meet up to the demands of coin swap that is mostly done suddenly when most hodlers are morning informed

[Uju4real]

Putting a time limit for token swap is not the issue here but rather what's the duration given for it, how well were the investors and holders notified about it. Many people has acquired a huge tons of different coins and  can't even keep track of most so I think the best way is to always alert using their email or telegram

[ataki]

There should be an open swap possibility for a longer period, otherwise  many investors could miss the swap and lose their coins. I know that we are responsible for our investment and have to follow up on them but not everybody is doing crypto full time.

[Badhuamin]

because a lot of last year's ico projects have no projects in the world so that what happens is they cannot compete in a large market and will lose their volume every day.

[harbin55]

Limited time for coin swap is good thing for me since it is also part of moderation to control all happenings un certain community;  if this such thing cannot be moderate it can be used by other people to scam others and that would cause a bad image to cryptocurrency.

[33bitcoin]

The responsibility is on you, devs can't wait around for years to do a coin swap.  Your money is on the line so you should constantly be checking for updates, one month is more than enough time in my book.

[stefany101]

In my own perspective about this issue, it is better not to have a time limit for swapping tokens or coins. There are some other people who don't have some time to get some updates about the token or coin they are holding, because most of them are usually busy on the other things and mostly to their higher investments. For me, it is better to still swap token or coin even it already takes too much time after the actual date as long as you are a holder of those tokens or coins to be swap.

[ivaf]

I believe that in the case of swap coins there should be a possibility to exchange them at any time. It may be, for example, within a month the exchange is performed automatically. And then (for those who did not have time), the exchange should be made in manual mode. Let it be more time consuming, but the possibility of a swap should be maintained.

[danherbias07]

Been there and I hated it.
They have billions of coins before and then there is this urge to copy bitcoin so they took some zeros out.
1000 coins will be equal to just 1 after swap.
Bad thing is the value did not appreciate. It is still stucked with the same value as it was before with just cents of a dollar.

I just dont get it.
Why not focus on the marketing the product rather than making such decisions.

[Kevinatin]

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.

This problem is personally yours. Token swap do not announce in one day and spend the next. In addition, each project has a roadmap which clearly describes the timing of the transition to its own network. Our task is to keep track of this, in order to avoid consequences in the future.

[serjent05]

I believe that in the case of swap coins there should be a possibility to exchange them at any time. It may be, for example, within a month the exchange is performed automatically. And then (for those who did not have time), the exchange should be made in manual mode. Let it be more time consuming, but the possibility of a swap should be maintained.

I think otherwise.  Holders should be responsible to update themselves.  People have different things to do than wait for our token when we are  ignoring any updates from them and have our attention somewhere else.  It is the right of the developer to set limits on how long or how short their swap is as long as they have this announced for several months.  I have lots of coins that were late to swap but I never blamed developers because it is my responsibility to safeguard my investments.


I think there is no wrong in setting up time limit for a swap but of course having no time limit is a bliss.

[casternetwork]

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.

Very true to the present, it has lost countless money of the foolish believers, including me. I have regretted believing false and false information to me