Certainly not ideal, leaving tokens on SteemEngine derelict.
Like I said in Discord, I would have preferred an airdrop based on coins sent to @null on Steem.
I'm sure this way is a lot simpler than that.
I can appreciate ripping the bandaid off quickly and getting it over with.
I guess I'll dump all my tokens on Steem and hope someone buys them? lol...
Gonna crash to zero quick.
You should make an announcement when it's safe to dump tomorrow.
These Steem-Engine tokens can be hidden and not marketable. That's what I did with STEM so no one gets screwed over buying tokens that have nothing behind them anymore.
I recommend doing the same thing for LEO.
I have to agree Marky, it is the best way to handle the move to another trading platform.
Posted via LeoFinance
This sounds like a smart idea.
Got it. Wasn't made aware that this was an option. We'll have the trading flipped off by SE tomorrow when the airdrop occurs
Posted via LeoFinance
Didn't the article say no trading of old Steem-leo tokens allowed, so you won't be able to dump them?!?
That happened after this was posted and the post was edited.
I agree, it's far from ideal and definitely not my first choice in the migration process. Given the set of options we had as far as what's left behind on Steem-Engine, I think this is the best one.
Any other process would have been dragged out and carried a lot of headaches with it. Worse even than the initial airdrop of LEO that took 3-4 tries and 2 weeks worth of DMs to get right.
This is an imperfect, but efficient solution. As you said, it's ripping the band-aid right off and I hope that this will allow us to just spread the word and migrate quickly and leave "old LEO and old steem" in the dust for good.
Good idea. I'll stay active tomorrow before, during and after the migration and keep regular updates rolling out via Discord, Twitter and Hive.
What happens to orders left in the steem-engine market?
If they're left there, we're just going to see a race to dump into those who didn't see the announcement and remove them.
Basically yes.
It's possible that someone picks up the project on Steem, but highly unlikely.
It's not a big deal either way... liquidity is so low price is going to crash to near zero like instantly.
That's what I read it to mean as well!
Ideally, people will remove their orders. Trading will be removed from the Steem-Engine interface following the airdrop. This is the cleanest method for transitioning possible (in my opinion). Unfortunately, a few people may be caught by this for not keeping up with the latest news on the situation.
I wish SE would have a better solution for cancelling all market activities immediately, but we don't have that option :(
Posted via LeoFinance
Yes, and I got screwed!
Ideally, you should have given enough prior notice to suspend trading after a given date on SE. The expectation to keep up with latest news across the large international community and considering the time difference, this short notice wasn't enough imo.