@thearbi
Let’s talk about market manipulation - using the @makina ICO on @legiondotcc as a perfect example.
People need to understand: manipulation is always possible, and we’re never fully protected from it.
Right now, you can buy the $1.5M or $2M outcome for around 0.55¢, which is basically a potential 2× on your deposit.
Sounds great - but here’s the risk:
What happens if a whale (or a group of whales) loads up on this outcome and has the ability to push $500K - $1M directly into the ICO?
They could force the result, pump their YES bags, and exit with profit.
Then, after selling, they could even buy NO, withdraw their commitments, and flip the outcome again - profiting twice.
This is why I believe platforms like Legion shouldn’t allow unrestricted withdrawals until the ICO ends and distributions are locked.
Free in/out mechanics create obvious attack vectors for large players.
Is preventing refunds the only real way to stop this type of manipulation?
P.S. Meanwhile, 2.5x since the last post!
0 reply
0 recast
2 reactions