Many retail investors still haven’t migrated from Mapple to Syrup (I’m holding about 200 MPL myself and missed the previous 2 migration rounds). In my opinion, these investors should have the opportunity to claim the funds that rightfully belong to them. Therefore, I think the team should create a dedicated migration wallet. We should only add a limited amount of Syrup tokens to this migration wallet (e.g., 10 million Syrup tokens, which is a symbolic figure). And everyone can migrate at any time until the tokens in the migration wallet run out. Additionally, instead of the ratio of 1 Mapple = 100 Syrup, we could reduce it to something like 1 Mapple = 80 Syrup. Remember the previous migration: many people were worried the price would drop afterward, but in reality, the Syrup token price rose from $0.3 to $0.6. So, I think we should give MPL holders another chance.
Hi Minhtuancse91, I support your idea completely. And I’m sure a lot of people do if I read the various comments left behind in this community since the migration deadline passed.
I also am in support of the idea. Early investors would see this as a reasonable compensation.
Hi Minhtuancse91,
10 mil. tokens in today’s price would mean an investment of 3.900.000 USD by Team Maple Finance. This will probably make the price rise since they will be bought from the circulating supply.
Why is the team ignoring early investors? They bought the MPL token a long time ago and are still holding them today. The team can easily verify on-chain when these investors bought in and give them a chance to swap to the new Syrup token.
I really don’t know. I bought some tokens some years ago of which I knew they probably wouldn’t materialize. But MPL wasn’t one of them. And seeing them flourish but leaving behind a great deal of people who believed in them when few did. It really beats me. But maybe the big cashflows and profits changes people. I still believe the peeps of Maple Finance will right this wrong. In other words: having an idea, pursuing it, finding investors but not making it and going bankrupt… I understand. But continue flourishing and leaving behind the OG’s. Projects need people like us. People not trading but believing in the project and thus storing the tokens in cold wallets.. There is no ethical reasoning on working with a hard deadline even if it was postponed one time. If you don’t want an eternal liability at least give peope enough time e.g. 1, 2, 3 or even five years…