Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Rain075 on March 24, 2021, 05:28:03 PM
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The community of decentralized exchange (DEX) SushiSwap is wrestling with the issue of an estimated 47 million tokens ($880 million) that are set to be released from the end of April. The concern is that, if these tokens are suddenly dumped on the market, the project’s token—which only has a $2.3 billion market cap—could be crushed.
But on the flip side, if SushiSwap reneges on the deals—and some code suggests that the DEX could have the capability to do so—then it would be a slap in the face to those who bootstrapped the project through its early days. Something that DeFi Pulse co-founder Scott Lewis said, “would result in a significant degradation of sushi’s reputation if they ask protocol participants to earn again what is already owed.”
Source:link (https://cryptonews.net/497419/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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Things seem to be going a big normal for sushi lately after the controversial scam issue and now this, why would the team or whoever wants to dump such huge amount on the market right way without thinking about the implications, once investors learns about this I can see a massive sell off.