We are almost in the date of the sutting down of the PUNDIAI Onmilayer chain and still we do not have any information related to the new mechanism to delegate coins and obtain regards.
The total supply is not still distributed and some mechanism should be implemented to reward users who support the Protect, in my opinion.
If not, there is a risk that taking advantage that now we will be in ETH chain, we jump to another project which is not below #1000 in CMC, with also an interesting purpose and giving rewards for delegation or other DEFI activities.
In my humble opinion and after one year of a dramatic fall of the project in terms of PUNDIAI value, if no rewards are provided to users is going to be very difficult to maintain the Community support.
We have supported the project during the swap 100:1 and the shutting down of the Onmilayer.
From 1st of March is the turn of the Project members to reactivate rewards mechanisms and to come back to Buy Backs strategy to push PUNDIAI price up (like in the past with FX).
Honestly speaking, I consider myself an investor and if I do not obtain some benefit from this project, maybe it’s time to change the direction and to support other project.
I agree we need a new earnings model, I’m sure they will have something in mind; It’s also a possibility their wanting to close the old network before setting new governance / network standards / Rewards, In my own opinion in order to create less confusion 1 thing needs to finish before kick starting another, knowing PUNDI when the clock chimes 12 they will release the new ecosystem plan in the above regards, People who understand this project only renovates for the betterment of the projects and the products their building will hang tough. people have and will change their beliefs and that is their prerogative; I believe those that are here now are here to wait for better days if not I don’t believe everything could fall much further from grace than it already has.
keep in mind the uncertainty around Crypto is very high at this current time and that is more likely to reflect on us; more over anything like if we have new rewards / earnings in place.
this is why market is a game of resilience which is not in the projects control and rarely reflex a projects progress, Eg: the project has made a lot of current connections & partnership if our market reflected progress we should all be currently millionaires .
Currently I settle with having the same price ratio with BTC as in the past.
Last time BTC value was 67000 $ (october 2024), FX value was 0.10 $, it means, the equivalent to 10$ price for the current PUNDIAI, and its price is 0.82$ (-92% loss).
In my humble opinion, the PUNDIAI fall is not the convencional crypto value variation as the current BTC price fall; it is something dramatic despiste of collaboration reached in last year. Once, FX was above #100 in CMC and now is almost in #1200.
The current situation of PUNDIAI project (in price) is horrible but also in concept because not much time ago, FX was a project with a robust Wallet connected to a native FX blockchain (with high speed block mining and very low taxes), DEFI mechanism, its own exchanger… and now, what is PUNDIAI?
How many people knows Data Market or Data Pump? A couple of hundreds?
I can understand that team does not want to create confusion before the end of the migration but users have zero informacion about PUNDIAI life after 1st of March (this Sunday, 3 days pending).
As I said, at least in my case, If news do not start to flow from next week or the team proposal is not so interesting as FX was, economically speaking (not a conceptual utopia), I will definitively move my investment in this project to another. In my understanding, after the significant lost of value of the project, more than 1 year of wait (after the 100:1 swap) is time enough to see some reaction of the team to revert the situation and if no new interesting proposals are provided, it is time to say goodbey after 9 years of support to this project.
The Value is a reflection of the Hack and removal by Korean Exchanges, We are all aware of the price situation.
my comment to Millionaires is the speculation of; If true believers believed the value would reflect that, the markets at a loss because players pulled funds not because people don’t believe in the project but because the hack placed the market in a threat stressed position. winning back the investment punter is the harder task. fear and doubt won’t help.
I’ll need to move this conversation as there still maybe some to resolve in the main topic of this Chat.
Please don’t confuse my Opinion with what the Project is up to, I speak from what I understand and how I see things playing out, I’m not the projects direction guide; when they have a plan to release they will inform us, I can tell you they are very focused on the new direction.
Personally although your not seeing it here I can see it in social media; there are many more times the community activity following and getting absorbed in PUNDIA, to Me more then ever.
not financial advise but selling at a loss to jump into other things with those funds only realises your loss, Best to put new funds into something else. that’s my experience taking loss to re-buy in another only usually ends in more loss, in confused markets.
If news do not start to flow from next week or the team proposal is not so interesting as FX was, economically speaking (not a conceptual utopia)