Comments (3)
The paper is explicit in stating the following:
- Unique bonus rewards will be granted to users who convert ALL their LKMEX
- A snapshot of LKMEX holders has already been taken just before this paper was published
Therefore, the entirety of LKMEX amount has to be converted, irrespective of how much it became available to unlock after the paper was published. More so, the user is prompted with a modal for consent that they may void the eligibility for these bonus rewards if they choose to unlock LKMEXv1 without migrating it.
Users that performed unlocks in the meantime but still want to reach the target quota have to lock additional MEX to total the snapshotted amount.
On a side note, this is the repo for "The official implementation of the Elrond protocol, written in golang", it doesn't have anything to do with the Exchange. For future assistance, please reach out to the telegram support groups or the exchange related repos, such as sc-dex-rs
.
from mx-chain-go.
Hi Ovidiu,
Thank you for the response.
I understad your point of view but placing conditions on an already earned right is immoral
no matter what the paper is explicit stating.
A paper is not a valid argument for doing something immoral for the investors.
Hope this makes sense.
Thanks,
Cosmin
from mx-chain-go.
User's earned right is not affected in any way. It is entirely user's option whether to unlock the unlockable MEX and do with it as he/she wills, or migrate it towards the new XMEX.
The only thing that changed is a new opportunity to access boosted metabonding rewards for a while in the new DEX format, but this is just an opportunity, not a given right. These boosted metabonding rewards are only accessible if the user chooses to migrate an equivalent amount of old LKMEX towards the new XMEX format, it in any way possible.
If the user chooses not to, he/she can still access unboosted metabonding rewards according to the new format based on how much energy he/she has on the account.
It is also important to note the fact that the change towards the new DEX format was subject to governance vote #1 which was passed with 88.16% approvals out of a 60.83% turnover rate.
This renders issues of morality as invalid since all LKMEX holders had a chance to act on the aspects presented by the aforementioned paper and decide whether they accept the new terms or not.
from mx-chain-go.
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