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If you've been holding your #LUNA / #UST with custodians, it's time to make your voices heard. There's a view that if you had a balance on exchange, you must have been a seller (traitor), not a hodler, and therefore deserve no consideration in any bailout/fork/airdrop scenario.

8:41 PM · May 15, 2022Twitter Web App

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@jespow

2/ Other reasons to custody on-exchange besides intent to sell: * you bought and never withdrew * you don't trust yourself with custody * balance too small to justify self-custody hassle / transfer fees * collateral value / account equity for margin * staking

Jesse Powell

@jespow

May 15

3/ A big advantage of working with custodians on airdrops is that we generally have KYC'd accounts and can identify unique individuals. Purely looking on-chain, you don't know if it's 1 guy with 1000 wallets. Downside is that some legal restrictions on distribution could apply.

Jesse Powell

@jespow

May 15

4/4 If the goal is to minimize dumping while bailing out the most retail consumers possible, you might actually want to over index on the (likely) less sophisticated custodial wallet users. Suggest dropping X/X% of ownership per individual, with a low cap for broadest coverage.