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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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How do you do this in a fair & fast manner? Are you able to do a backdated snapshot?
How do you suggest coordinating with multiple exchanges?
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1. I'm shocked that the Foundation doesn't already have established contacts at the supporting exchanges but it should be easy enough to get connected to the relevant parties.
2. yes, we have done many airdrops and it's easy to snapshot balances as of any time/blockheight.
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cuando nadie compraba luna.. muchos vendimos en perdidas nuestras otras carteras y compramos en firentes entradas para tratar de que no caiga mas... tampoco merecemos??? si es asi.. me equivoque de comunidad.
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I see a lot of resentment against centralized exchanges since they don't participate in governance and don't contribute much in developing the base software of the underlying chain. They hold a significant portion of the stake and without that getting to quorum on voting is hard.
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At least in cosmos chains, the staking token is the governance token. But the exchanges provide them just as another option for generating staking rewards. People holding them on exchanges need to realize that they are buying a stake in the network and need to participate.
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