CoinDesk Mothballs DESK Reward Token Program

Date:

Share post:



CoinDesk Mothballs DESK Reward Token Program

These users began transferring large amounts of DESK to “collector” wallets on-chain. Even though our terms of service prohibited trading DESK, a secondary market nevertheless emerged where people were trading it, thus assigning it a value which we never intended it to have. DESK became a tool that we no longer fully controlled. This is a risk with blockchain and decentralization. Ultimately we made the determination that the product, as built, wasn’t serving us and our community effectively.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Hyperliquid Launches Prediction Markets With Validator-Based Settlement

Hyperliquid has launched what it calls "canonical" outcome markets for off-chain events, with settlement handled by the...

XRP Holds Key Support as Binance Sell Wave Falls Short of Breakdown

Key TakeawaysXRP absorbed aggressive Binance selling while staying above its earlier support area.Thin order books may increase...

Dogecoin Rejection From Channel Top Sparks Fears Of A Deeper Correction

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I...