ICP lets see this proposal (token re launch)

General DFINITY
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This proposal is something i’ve been thinking long time ago, ICP people seem like they have arrived to the point that they are completely tired, desperate, they, we want fundamental solutions otherwise our money locked will be diluted, there’s zero interest in the project after what FTX did to the price when ICP was launched, @Leadership didn’t do anything to provide explanations to the industry, they kept quiet, and they still, there’s something so true that says “if you keep quiet is because you did it” so Dfinity sold on the early days that’s why they are quiet ? What happened with the lawsuit against FTX ? Come on if i create a unicorn like ICP I would have presented tons of lawsuits against sam bankman, where are those? I can’t believe he almost make the project to fail and @dominicwilliams just accepted that.

This is concerning from both angles,either because the leadership on Dfinity is so bad and naive that they didn’t do anything about this ( provide clarity to the industry, present lawsuits against bankman fried etc)

Or Dfinity simply didn’t got attacked by FTX and they really rug all of us.. who knows, but if dominic keeps quiet this starts to create doubts on people like me, I consider myself a whale, i joined more than 2 years ago, 8 years locked, so I’m not new on this.

Foundation is losing my trust and hope, you guys keep selling on top Of us, bad thing.

I propose a token relaunch, I didn’t create the proposal but when i saw it I think is our last hope to try to fix all
The issues and lack of adoption this ugly chart has left to us

Proposal : 136412

I HIGHLY RECOMMEND the foundation to ABSTAIN of voting to try to “ disappear “ this proposal by using their voting power as the strategy they use to avoid giving the time to the community and investors to check and review and vote on this.

Let’s listen what the community, whales, retail
Think about this. Let the proposal go without any manipulation, I think you guys also want the project to succeed isn’t it? Let’s solve this all together by watching what people have to say.

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This kind of proposal should make necessary for the author to disclose their age and IQ.

4 Likes
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The relaunch seems too complicated, and I’m not sure it will improve the situation. However, I think DFINITY needs to focus on better communication. The second thing is that they must establish a stricter vetting mechanism for SNS projects. Recently, these projects have been chaotic, causing a loss of trust in the community and negatively impacting ICP’s reputation.

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1. Fresh New Chart It has not worked on many other projects, wont on ICP, as you actually need people who can pump, hold most supply.
2. Marketing Strategy through Relaunch Again does not work, can have small pump, but comes down again. Same on point 1, need people who has funds to pump and they need to hold most of supply.
3. Current Holders as Pre-Launch Buyers Does not make sense, more rewards for people who only sell and dont plan to pump it?
4. Addressing FTX Price Manipulation Outside of ICP, noone cares.

Re Launch is bad idea, some exchanges most likely wont support new token, than can come regulatory problems.

All your problems come from low token price, and there is a reason for it. Tokens are held by wrong people (no cooperation from top holders and no plans to match big sellers to buyers, no plan to pump price), NNS itself is like river that can change its shape (whales can change code drastically, this makes long term investment very unpredictable).

Only way for ICP to gain value is from cycle burn, right now its not even close to mint (daily rewards). So it will be hard to get price over 50 usd as ICP is not like other chains (SOL, ETH).

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I certainly understand the negative sentiment. The price has been in the exact same spot for the past four years, which is pure stagnation. Even Microsoft and Amazon, the big tech it is trying to compete with or replace, have outperformed it.

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We just need a proper use case that will be exciting enough to convince the public to light cycles on fire.

Would love to see caffeine soon!

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It wont save ICP price. Crypto community is small, dev community is tiny. Only way for caffeine to get adoption is if there is many so called companies that offer caffeine tech for users/builders. Builders/users dont even need to know that they build on ICP.

Dfinity need to form a fund where top holders/stakers add ICP. Than price is pumped up from third party or with borrowed funds. When ICP 200-500 usd, that fund than sells all ICP with 50usd to other investors directly (spot price will be unaffected), tokens will be than time locked/staked. Millions or billion what is gained will be divided and given to ICP providers. With this system, Dfinity loses its majority voting power, new guys in town can get a say on where ICP is going in future. Most likely Dfinity do not agree to it as they can be pushed out.

1 Like
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@Henn91

I realize my hopes are a bit optimistic.

Sometimes thats all i have!

Thank you for providing a level headed response, I agree with many of your sentiments.

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This proposal is not to save the price or pump the price
Is just to fix that ugly candle of the beginning that looks exactly like a rug pull.

Lets be honest, this is a huge entry barrier, people when finding new projects go to the chart, and after that they start doing their research, many times when i say to my family, hey I’m invested on this crypto project which has the potential to become the next BTC, they said but it’s “99% down” are you sure is legit? Isn’t this a scam? Also you are afraid of talking Bout Icp on public, or other social media, people immediately says, ICP is a scam, founders sell everything on the launch. ICP has a bad bad reputation, we need to fix this and the chart being reset could be beneficial.