Please read. An Important message shared by Simon Wilson CTO of IOEN to address the pricing issue. Watching the comments above.
03 Mar 2022, 00:11
‼️Please read
An Important message shared by Simon Wilson CTO of IOEN to address the pricing issue 📣
Watching the comments above. As we can all see over the last few days we have seen some negative price action that has been a frustration to us all and we wanted to address it as best we can. These movements are due to a bot attack that placed a series of rapid and prolonged small orders over 5 day period.
It is disappointing that any holder would wish to do this but the nature of a public token and open project is they are entirely within their rights to do it and that is outside of our control. As a long-term project in its infancy, it is imperative that we increase volume which means getting tokens into the hands of more people. Some have good intentions and unfortunately, some don’t but we must accept the good and the bad.
Our Tokenomics is constructed to offer some protection but can only do so much to combat events like this.
As a project, we can only control what we can control and our conviction is that although market players, events, and speculative forces will hit us we will all win if we create real value with real substance and focus on the long game. This strategy is proven in projects like Holochain where it took almost 2 years to thrive and now increasingly has a community of strong hands and strong supporters that they have developed by being transparent, outcome-driven, and focused.
Our strategy is the same and we are fighting to create that real value that we hope and are confident will reward all who support.
This week has been extremely frustrating for us and tough for you all as well but all we can do is to keep driving and with protocol and other announcements stacking up for the next week/ month we how some might see this as an opportunity to benefit from some weak hands or the moves of some speculators who have no interest or awareness of our project and the milestones we are about to hit!
As always thanks for your support.
Simon and the IOEN Team.
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