First of all, thank you for your response. It seems like you had a lot to say, and we appreciate you communicating that with us. That is exactly what we were hoping that people would do - to want to communicate with us. However, quite often a lot of the negative rumor were spread in closed groups where we were neither invited to partake, nor aware of existence. We did repeat many of these points, but only when they were addressed directly to us in a respectful manner. Just like how you are doing right now. So let's address some of your concerns while we are at it.
1. Thank you. Simply because it's not true.
2. We have always communicated the timeline to our community. The roadmap has always been there, publicly on our website. We answered legitimate questions by asking them to check out the roadmap that is updated live. We understand that people are unhappy, and we do not expect them to be "happy and take it". That would be rather rude. However, we expect them to give us time to implement it in technology. It takes time for the technology to be developed. It takes time for people to respond. We are now in Round 6 of MXC claim, almost a year in, because people did not respond in time. We also have never blocked it from DataDash. We have explained before why such happens. DataDash no longer works because we refuse to partake in services provided by centralized 3rd parties that make operations difficult. DHX and BTC claims are on the way. You have our word for it.
3. When xMXC was distributed, the value was 1:1. What exactly happened is that people do not understand slippage. When you trade with a large slippage, it drains liquidity. That means that those who trade with large slippage are not only making the ratio worse, but actually costing the liquidity pool. We have continuously refilled the liquidity pool and also made the ratio back to 1:1 over 4 times. However, when people do not trade with slippage and overall liquidity in mind, this is the outcome.
No liquidity is caused by large slippage trades. This isn't our opinion. You are welcome to study how DEX liquidity works and all DEX operators will tell you the same thing. That's why the slippage limit is there, but many people ignore it or override it. We also continuously inject liquidity to token pools, yet seems like that liquidity is taken by many who are eager to sell first without consideration for others or the overall good. Then the liquidity gets drained. So our way of protecting liquidity is to remove the liquidity temporarily and add it back later. That has worked okay so far. Just like you, we do not have unlimited liquidity. We cannot mint MXC tokens as we please. So if we do not protect liquidity from large whale wallets that drain the liquidity, we will soon not have any liquidity left to provide for people like you. A
Also, if you are seeing manipulation by the "main wallet", please come to us with the exact TXID and we will be more than happy to investigate. The "unknown wallets" have already been investigated and these were those who sniped ISO tokens at very low price and simply took the chance. It appears that they have some sort of alert to notify them immediately when "add liquidity" by the liquidity wallet enters the mempool, and can therefore pull trades very quickly and precisely. However, that is simply their skill and dedication. If we were to ban that or stigmatize that, it would not be truly decentralized.
4. Simply not true. Please show us the TXID where the tokens from DataDash were liquidated. Also, if we have liquidated MXC, then the price of MXC would fall, not rise. If we were liquidating ISO tokens, that means that we would actually be attacking our own liquidity, which would mean that we are running a net loss operation on liquidity. Both do not make sense. Since you say "everything is onchain and provable", please show us the TXID that support this case. Please point out how you can pinpoint those wallets to our team. We would be happy to launch a full internal investigation if that is the case.
5. Once again, please send us the TXID. Since you say it's onchain and provable, it should be easy for you to find the TXID. We are surprised that you didn't include the TXID here.
And thank you for the last note. We don't exactly make human resources decision based on online comments. No one is "exploiting" the system. Those who many have identified as "manipulating" are simply those who bought large amount of ISO in the beginning and took a chance. XSD exploit was done by one person in the community and new XSD was issued at 1:1 with full repayment. If you have lost money then please write to us for repayment. The DIGI DAO issue should be addressed to DIGI DAO, not us.
Bottom line comes to this: We can never force you to believe in us. We can never force you to hold your tokens. We can never force you to mine. If you choose to not believe us even after all the explanation, that is up to you. We guess we will have to part ways. We wish you'd stay with us, because we do have quite some plans coming up. However, if you believe that everything is beyond repair, then please drain the liquidity from the pool (we have refilled it yesterday), and we wish you well. We simply do not have the time to waste fighting baseless accusations, when that time can be used much more efficiently to bring innovation and value to the DePIN space, IoT space, and our community that choose to be with us and believe in us.
It's your choice. Thank you.
