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RE: Arcade Colony White Paper

in #arcadecolony4 months ago

Everything Aggy does is almost good but then has one or two major flaws that make it more damaging than helpful. This time its the fork rewards and the double drop for LPs.

Here's a glimpse into the future. Everyone sells every Splinterlands asset they can for the next month to buy GLX (already starting). SPS gets unstaked, cards and DEC are taken off land and sold, etc. In the days leading up to Feb 26, people swap half their GLX so they can put it all in a pool for the double drop without having to lock it up. On February 26, it all gets removed from the pool and dumped along with all the COLONY and SCRIPT they were rewarded since its all liquid and easily disposable.

COLONY collapses right out of the gate just like SPS and GLX did. GLX stakers get screwed as they watch the GLX that just went up so much come crashing back down as the LP people dump. SCRIPT basically starts its life out at about .50-.60 cents, and the market has a DEC like overhang of GLUSD.

Meanwhile, new psychological lows in Splinterlands assets become normalized.. again.