Dissolve the project, return the treasury money to the frogs

1. General Discussion
#153

@Zgref_fred I agree, those who remain and have stuck with the project should be compensated. After all we are still here even now. People who exited should be aware that they left of their own accord, they accepted the loss. Now if they had stayed then they would be potentially compensated.

What should be happening here is a few proposals, for example on liquidation, there should be a limit on the % leverage people used against their collateral decided, this will ascertain who went gung-ho and abused the system and those that were sensible. Then a proposal on if people who exited should be in line for compensation as they only ended up 90% down due to the Sifu news and the over leveraging investors.
Then a final proposal having understood who would be in line to get anything at all, on how and when they will get it from and in what crypto they get it in.

There is still to much emotion in this at the moment.

#154

Ok this article sounded very sound until you came up with some idea that it should be based on the snapshot from early January, there are people BUYING right now at 20k for a potential upside and thats not to give away FOR FREE

#155

I think even people who cashed out during the free fall should be compensated as well. You can’t blame people for selling when the price is tanking because the career criminal in charge of the treasury didn’t put enough in the trading bots to prevent liquidations. Which not only wiped out people with leveraged positions but also crashed the value of the holdings for all the normal frogs. If the price downward action was caused by normal market conditions then no one should get anything. But since these cascades were caused directly by SIFU not putting enough money in the bots to prevent the liquidation, then everyone should be made whole as close to possible. That is the only way I see it being fair to the majority of the holders. Pay everyone their initial from the treasury. Use whats left if any to rebrand and refocus the platform would be the best option so that no one is at a loss and everyone who wants to invest in the future can continue to do so. #Reset

#156

Now I don’t disagree with you at all fren! I would much prefer and just for the sake of getting it done, just compensate everyone at the time of the snapshot and let it be over with. If we stop the leveraging maybe even completely then the problem of it happening again will go away.
The reason I got a little narked was the additional proposal of not compensating anyone who had any leverage at all, my position didn’t cause the cascade, I got liquidated well after that.

#157

I’m all for it. Dani said this was a experiment and that he really cares about the frogs
(Too much as he always likes to proclaim).

This went all terrible wrong and it’s also Danis fault not just Sifus. He lied to us and misused our trust. This is the least he can do to save his reputation and show that he isn’t just all talk regarding our “big frog family” but that he actually cares aout the people that put their trust in him and this project. After that when trust is renewed MAYBE this project can start over again.

#158

Bought 1 TIME at 10k, I want my money back. If that will be done, he won’t be looked at as a scammer, but a person that just made a project that sadly didn’t work out.

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#159

Guys really, this is nonsense, I am currently holding wMEMO, per a lot of peoples logic I can just sell them now for the price of 20k get the cash to my wallet and then just wait and get refunded from some snapshot 11th of January, this is still a market that is alive, its risk or reward now. Buy at 20k if you think that you will get rewarded or sell if you dont want anything to do with this. Nonsense guys, absolute nonsense.

#160

Double current holdings while it has been cut by 10 doesn’t seem that attractive…but well…

#161

Hell no, i do not agree with this

#162

How can anyone prove sifu has gone. Laughable… fuck this shit. Can’t believe anyone has any hope. They will vanish like the money, how can you back up the treasury with something they dictate the price of? I want the real crytpo back

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#163

You are Delusional!!!

#164

Stop being daft it’s all in the blockchain that you’ve sold. People in the snapshot who haven’t sold should be compensated, or compensated minus how much they sold for. This could all be done, but only if Dani faces legal repurcussions I feel. He won’t do this out of kindness

#165

This proposal sounds fu*king ridiculous. If there are any refunds all of them must go only to current holders! Do you really think you “can eat your cake and still have it?”. You are talking trash. It’s unfair to holders, is illogical.

#166

What u are doing by not using the BSGG Snapshot:

Reward whales who went treasuryhunting IN OUR FUNDS looking for an arbitrage opportunity.

If u were a holder at the BSGG time, you we’re part of the frog. Simple as that.

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#167

This is straight up insane. Under your idea those who cashed out receive a payment as well.

It is a slap in the face of those who have been holding without giving up.

Hell no only the loyal holders are to be reimbursed, you sold means you’re out.

#168

Perhaps is best for us, to get a better team and let wonderland continue to rise.

#169

Well I’ll be fucked as wallet issues meant I was staking on hotbit at a much less apy. Not sure it matters but been in since October… There’s already a new fleet of youtubers saying this is the time to buy and that dani is the man. The whole empire is falling…

#170

Unfortunately a rise is unlikely. Every day is a new breach of trust with Dani and crew.

#171

what happened? what is the proposal? What do Hodlrs do?

#172

Just popping in to say I hate this idea. I think it’s a slap in the face to people who believed in the project. It will be something that hurts the future DeFi. Who would ever trust this sort of thing again if we stop it here? Giving up is creating failure. Evolving would be much better in my opinion. We can change structure, management, merge, rebrand… but straight up quitting and taking the L is just disgusting to me. I won’t blame Sifu or Dani, I will blame those who voted to quit.

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