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DELTA token special warning

Open sarmatdev opened this issue 3 years ago • 3 comments

I would like to ask a team to add the special warning for the DELTA token, here is the reason — https://coredao.info/t/breakdown-delta-tokenomics-how-to-use-it/169.

TL;DR

When you buy Delta directly from Sushiswap, you will receive 10% of your purchase directly in your wallet. The balance of your funds will stream into your wallet over the next 14 days without the need for you to do anything else.

This worst thing happened to me and I didn't know nothing about this specific tokenomic. The warning will be a good fix for that thing.

Thanks!

sarmatdev avatar Jun 04 '22 23:06 sarmatdev

The absence of warnings for such tokens carries great losses for your users. Because the transaction itself indicates that the entire amount was successfully transferred.However, 90% of the delta tokens was not received. Please pay attention

1geekhead avatar Jun 04 '22 23:06 1geekhead

The absence of warnings for such tokens carries great losses for your users. Because the transaction itself indicates that the entire amount was successfully transferred. However, 90% of the delta tokens was not received. Please pay attention

There is no loss, the funds are received over the following days. It is a mechanic to put people off day trading their token, and they are free to implement it. Pools are permissionless, and anyone can create any pool on Sushi, so it is as absolutely a buyers responsibility to research the token they are purchasing. You can see it is clearly displayed in their documentation.

0xMaka avatar Jun 06 '22 02:06 0xMaka

@0xMaka Some users may be looking for an arbitrage opportunity where every minute plays a big role and can lead to both profit and loss. In this case, 90% of the tokens are simply locked. What this will lead to is not difficult to guess. The absence of at least some kind of warning that sushi can add tokens with such tokenoconomics is not acceptable for such a large project, which many users have a lot of trust in. Sushi as a pool provider should warn, if not under each token, then at least somewhere that such a token can be added. Because the tokenoconomic of this token contradicts the fundamental principles of decentralized finance.

1geekhead avatar Jun 08 '22 14:06 1geekhead