Let’s talk about how @legiondotcc basically ignored their own allocation system in the @yieldbasis sale
Honestly, no one expected the team to review 70k applications in 24 hours, but the way the project decided to proceed is just insanely dumb
🟨I reached out to some KYC account reselling services and also talked to people actively using them. The data shows that the allocation mostly went to European residents (they had the highest % of accounts that received allocation) + to accounts that requested small allocations ($500-$1000). The account score itself barely mattered - after that, it like they just randomized between such accounts
(I’m not encouraging anyone to use such services, but for gathering statistics they turned out to be perfect)
🔹Do you think this kind of distribution is fair? Why even invent a system with points and applications if, in reality, nobody ever reads them?
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Let’s talk about how @legiondotcc basically ignored their own allocation system in the @yieldbasis sale
Honestly, no one expected the team to review 70k applications in 24 hours, but the way the project decided to proceed is just insanely dumb
🟨I reached out to some KYC account reselling services and also talked to people actively using them. The data shows that the allocation mostly went to European residents (they had the highest % of accounts that received allocation) + to accounts that requested small allocations ($500-$1000). The account score itself barely mattered - after that, it like they just randomized between such accounts
(I’m not encouraging anyone to use such services, but for gathering statistics they turned out to be perfect)
🔹Do you think this kind of distribution is fair? Why even invent a system with points and applications if, in reality, nobody ever reads them?