Pacersss
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Proposal: A Tiered & Fair $GAIN Recovery Plan for Binance Alpha
Background: The $GAIN hack created two distinct classes of users on Binance Alpha: Pre-Hack Buyers (who invested in a legitimate asset) and Post-Hack Buyers (who speculated on a compromised token). A one-size-fits-all solution is unfair to early supporters.
Proposed Solution: A Tiered Swap with Vesting
1. Reward Loyalty & Risk:
· Pre-Hack Buyers who held through the crisis receive a 1:1.5 token swap.
· Rationale: This acknowledges their unique loss of value and rewards the diamond-handed support that is crucial for any project's survival.
2. Manage Post-Hack Speculation Fairly:
· Post-Hack Buyers receive a 1:1 swap, but with a vesting schedule.
· The vesting period should be inversely proportional to their entry price (e.g., those who bought closer to the pre-hack price vest faster than those who bought at the bottom).
· This goodwill gesture should only apply to purchases made before the hacker's second minting event. Purchases after that point are purely speculative and undertaken with full public knowledge of the irreversible risks.
3. Phased Relaunch to Ensure Stability:
· Phase 1 (Alpha-Only): Re-open trading for the new $GAIN token exclusively within the Binance Alpha/Web3 ecosystem with deposits disabled. This allows for initial price discovery in a controlled environment.
· Phase 2 (Full Integration): Once the Alpha market is stable, enable deposits and integrate with the broader circulating supply, simultaneously beginning the vesting releases for post-hack buyers.
This plan prioritizes the project's most vital supporters, manages sell pressure through vesting, and ensures a stable, orderly relaunch that protects all parties involved.
Background: The $GAIN hack created two distinct classes of users on Binance Alpha: Pre-Hack Buyers (who invested in a legitimate asset) and Post-Hack Buyers (who speculated on a compromised token). A one-size-fits-all solution is unfair to early supporters.
Proposed Solution: A Tiered Swap with Vesting
1. Reward Loyalty & Risk:
· Pre-Hack Buyers who held through the crisis receive a 1:1.5 token swap.
· Rationale: This acknowledges their unique loss of value and rewards the diamond-handed support that is crucial for any project's survival.
2. Manage Post-Hack Speculation Fairly:
· Post-Hack Buyers receive a 1:1 swap, but with a vesting schedule.
· The vesting period should be inversely proportional to their entry price (e.g., those who bought closer to the pre-hack price vest faster than those who bought at the bottom).
· This goodwill gesture should only apply to purchases made before the hacker's second minting event. Purchases after that point are purely speculative and undertaken with full public knowledge of the irreversible risks.
3. Phased Relaunch to Ensure Stability:
· Phase 1 (Alpha-Only): Re-open trading for the new $GAIN token exclusively within the Binance Alpha/Web3 ecosystem with deposits disabled. This allows for initial price discovery in a controlled environment.
· Phase 2 (Full Integration): Once the Alpha market is stable, enable deposits and integrate with the broader circulating supply, simultaneously beginning the vesting releases for post-hack buyers.
This plan prioritizes the project's most vital supporters, manages sell pressure through vesting, and ensures a stable, orderly relaunch that protects all parties involved.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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