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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
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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.
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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.
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the official token will continue to run on cefi. In case of a new token you have to promise that you will never list it again.
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If it were Bitcoin, I would answer that none of those are good excuses, and people keeping bitcoins on an exchange are necessarily harming Bitcoin no matter the excuse given.
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What if you have $0.50 worth of #btc? Better to pay fees and withdraw it, leave it on, or sell it because it’s not worth having such a small amount?
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“We cannot protect you”
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Replying to @degderat
100% yes it has/will happen and 100% yes, we will be forced to comply. If you're worried about it, don't keep your funds with any centralized/regulated custodian. We cannot protect you. Get your coins/cash out and only trade p2p.
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Yep, and it goes beyond not trusting yourself with custody. For a lot of hodlers it's just too much unknowns, research and hassle and stress.
