I would like to take a moment to dispel the FUD. For all markets it is important to maintain a healthy ecosystem.
03 Feb 2022, 13:04
I would like to take a moment to dispel the FUD.
For all markets it is important to maintain a healthy ecosystem. That means making sure there is solid liquidity and tight bid/ask spreads when it comes to a trading ecosystem. Healthy markets have a lot of volume so that pump and dumpers are not able to manipulate the markets. Markets with low liquidity are very fragile and very bad for folks who want a smooth trading experience.
The liquid supply reserved for market makers is to allow them to make markets on CEX and DEX. They are contractually obligated to ensure metrics like liquidity. This means buying and selling to ensure that there is sufficient market depth, minimum slippage and healthy volume on exchanges. The market makers are NOT just going to dump on the market and leave. They have the role of ensuring that there is a healthy market and trading ecosystem.
Once TGE occurs, people can hold or sell their tokens. We understand that people will do whatever is best for them. If they choose to sell, they will sell into a deep market with lots of liquidity. And the token will be available on several CEX and DEX.
Umee believes in the community and understands some of the frustration, but it is all caused by FUD. Do not believe the fake news out there.
As the founder, I’ve been in crypto since the early days. I supported Ethereum during the DAO hack and personally helped manage the ecosystem at that time. Also note that the founder tokens are locked for 8 years. 8 years is nothing in the grand scheme of things. I used to trade 30 yr bonds as an asset class. Short term is for speculation, long term is for building. Umee is here to stay! Don’t let anyone fool you. We are here to build a better and stronger future.