Whales Made Bank, Fish Got WreckedThe head of Binance, Changpeng Zhao, has acknowledged that the upper limits should have been lower to allow more people to participate in the ICO.
However, the community did not buy Zhao’s argument and pointed out that many people were buying TRX and BNB tokens specifically to participate in the token sale and lost money — as both tokens devalued right after the ICO. [bctt tweet=”It is but natural that the ICO attracted a lot of interest — but the platforms were poorly prepared to handle the flood of buy orders. As a result, whales banked the profit, while the small investors got wrecked once again.” username=”beincrypto”]
Order of requests was preserved. It should have finished in a few seconds (far less than 18s actually), the server glitch just delayed the results. So, no need to redo. We should have set the upper limit lower so that more can get some. Mislead by all the "bear" cries… https://t.co/RSnQnZNLdx— CZ Binance (@cz_binance) January 28, 2019
Grand Gesture or Mere Pittance?To calm down the outraged community, Sun promised an airdrop for the investors that were not able to purchase tokens due to technical issues. Changpeng Zhao supported the idea. According to the latest tweet from Sun, a BTT airdrop for TRX holders will be held exclusively on the Coinsuper platform. However, no details are available as of yet.
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