Many of us STAKE holders are very disappointed that we even have to talk about this.
If that vote would ever happen about the merge to Gnosis, the first thing comes in my mind, that it is not worth for STAKE holders, nor for xDai Chain (Pretty easy to understand why). Let’s not forget: They have 250K STAKE voting power from ecosystem fund which they can use easily as a pressure towards their goal with simply using it to vote! LOL -Did we give that 250k to build/grow the ecosystem or to takeover our xDai chain with a very-very unfair merge offer?
Obviously, Gnosis would use it (zero trust, transparency is key) to vote which they got from the ecosystem fund to make this ‘merge’ happen, where basicly they buy our chain & upcoming tech updates with the intention to grow their chain further which is 6,3B fully diluted valuation marketcap right now! Feels overbought, right? Let’s check it by ourselves. It is on the highest ever been, living it’s highest times. Right now is at 1B market cap, with an 6,3B full market cap.
They offer STAKE holders a rate of: ‘‘The exchange rate is 0.0326292707 GNO/STAKE’’
Which would be: 20.34$/STAKE (at 623$ Gnosis price, at it’s highest peak ever), with a 6.3B of fully dilluted marketcap, to make the Gnosis chain grow with xDai chain’s tech further! HAHA!
We would be holding Gnosis, 1B marketcap, and 6,3B fully diluted marketcap, & we will have 20.3$ /STAKE if the already overbought Gnosis price doesn’t dip with the option that we will have an almost impossible time to grow our Gnosis holdings further!
Every STAKE holder must ask: Did we get insane to even vote about this? Obviously it would not worth it, we can easily end up with 10$/STAKE prices if this merge happens. It is a lot more likely to Gnosis to dump down to just 500M marketcap and a full marketcap of 3B, than us to dump down to 10$.
We didn’t have our time to shine, and basicly this exchange rate is a terrible option for every STAKE investor.
Use our common senses & ask ourselves, if a project with 6B fully diluted market cap wants to buy our xDai chain because of the strong fundamentals, strong tech updates, while our chain is at 150M market cap, 180M fully diluted market cap, to grow further their 6B fully diluted mcap chain… WHAT ON EARTH WOULD MAKE US ACCEPT THAT DEAL?
What Gnosis offer for STAKE holders are the ‘Gnosis’ name & the fact that they are already listed on Binance plus a huge future opportunity loss for STAKE holders.
All of this for our eip1559, our SBC, our zkPrivacy updates, our dual token structure which is UNIQUE in the whole space!
What are we hoping for when we merge to Gnosis? That it can grow from a 6.3B fully diluted marketcap to an 60B fully diluted marketcap project with our xDai chain’s tech updates?
Don’t tell me if a 6.3B mcap project wants our 180M mcap project to grow their 6,3B to 10B… and we would not be able to grow to atleast 1B which would be around 100$.
With a STAKE investor standpoint it is truly a no brainer that it’s even a discussion.
Are the STAKE investors enoying buying HIGH sell LOW? I am pretty sure not.
I am not interested in hope that oh Gnosis may could grow a lot higher to hit 10B FDMcap with xDai’s tech. Like what the hell?
It’s only Gnosis holders’ interest to offer such a terrible deal to STAKE holders. Nice timing with the offer, looks like someone wants to use that price peak new ATH to keep Gnosis on that level with the merge of xDai chain.
We should ask instead: If xDai chain has a FDMcap of 180M, and Gnosis with 6,3B FDMcap wants to buy it (with basicly offering terrible opportunities) but wants to grow itself further with our techs to 10B+, why don’t… 1,We finish the Rebranding 2, Go live with the updates (Nov 11 eip1559) 3, Marketing our xDai chain (or rebranded name most likely) instead of getting scammed by this offer which If I am very positive & naive about the offer, I would say maybe Gnosis offered it’s futuristic dream price range offer with all the good intentions of theirs, the vision of Gnosis worth a 30Billion with OUR TECH. Even than… Why would anyone think if they can grow their chain’s value with it our xDai chain would be valued less and less. Haha!
OriginTrail, chose xDai chain, it is a 800m+ project already & growing. Goes for Polkadot parachain slot. Brings value to xDai chain!!
Aave just chose xDai chain to build on with a partnership of RealIT!!!
LUKSO is there too & plans with our xDai chain!!!
This isn’t worthy for our chain, not even worthy for our investments!!!
EVEN: If the rate of exchange would be 10 times more, Gnosis holders would sell their tokens before that happens (as it would bring heavy price decrease on Gnosis). So other higher offers make no sense! Just as much doesn’t make sense that we, a LOW CAP GEM project would give up on our community & our chain to make an already 6.3B FDMcap project go further.
Obviously many of us are here for the long term, not for an 2x. If that would be possible & the growth rates would make it possible, I would be there 3 years later too.
xDai chain’s community is unique, our chain’s dual token structure is unique, our tech getting ahead in the cryptospace & is unique.
This Gnosis merge is unique too haha because I didn’t see such a try to steal before from STAKE holders! If there will ever be a vote, please make sure that 250K STAKE will not be used to vote from Gnosis’ side as they got it from ecosystem fund, not to take over our loved community and chain.
NO TO THE IDEA OF THE MERGE!
YES TO UPDATES TO GO LIVE
YES TO REBRANDING
YES FOR MARKETING
YES FOR SUCCESS
YES FOR LAMBO
YES FOR BIG LOVE FOR THE COMMUNITY
NO TO THE IDEA OF THE MERGE!
Please stand up for xDai chain & our precious STAKE!
Did we buy & hold it for throwing it away? No!
This is blood diamond, a truly low cap gem.