What happened?
Today's selloff began by KJ liquidating his portfolio (only ~1800 AVAX), which led to others following suit. KJ has been an important voice for the platform, and it's understandable why his sentiment led to fear. I think it also outlines that there was some underlying uneasiness among users, because 1800 AVAX in and of itself shouldn't lead to this type of a move.
What now?
I believe the same thing about the team and platform I did 24 hours ago. They have a small group, and they've been working in the background to make the platform better. And IT IS BETTER than it was before the exploit. It's far from perfect, but that's to be expected with any new platform that may as well only be one week old. I have plenty of patience for development - as long as the needs that the community has pointed out are being addressed. If you're on the team, just tell us you recognize certain complaints the users are outlining and let us know you're working on them!
What needs to be done?
The team HAS TO step up their communication skills. This was the primary reason why so many people are uneasy. We don't need perfection - we just want signs of progress. You've been working hard. Share that with the world! Overcommunication is 10x better than not communicating enough.
I've sold a few tickets from people that have fully exited the platform, and I've bought more from people who've shown they're staying. If the team does manage to step up their communication skills, I still think there's a lot of potential here, and a lot of opportunity after this kind of a selloff. I'll either be your exit liquidity, or ride this all the way back to the top.
Cheers,
- K A L E O
