Santhatex, a bidder finance platform, has focused its $ 27 million project to get a crypto options platform after the negative community feedback.
The Centhix spokesman told Contelgraph on May 22 that his proposal for acquisition was ready for his community and “resonance”, and both projects “agreed to withdraw from the proposed acquisition.”
Santhatex said on May 14 that he would derive in the token exchange deal, which contains 1 SNX token cost 27 DRV token, which will receive a value of about $ 27 million, in the postponement of approval from both communities.
The Leader of the Santhatex Strategy told the Quantal Graf that other community concerns are three -month token lockup period and the cost of the deal, a part of which Santitx tried to address a lockup for less than 1 million DRVs.
“Although we believe that advertisements do not resonate with all community members, many holders from both communities believe that the deal is fair and acceptable,” he said.
“However, we acknowledge that the reaction’s expectations have diminished, and we have no intention to move forward with something that intends mutual cooperation and construction.”
The Celebridge said that the Canttics will continue to check the opportunities for the construction of a derivative platform on the Ethereum Manate.
Dell is associated with the benefits of the community
The community derivatives expressed concern over the contract on the project forum, especially the token exchange rate and the platform about the overall benefits of the contract.
Derived user “Ramju” wrote May 14 that the token exchange rate is “poorly reflective of the cost of derivation as a platform,” and “is equivalent to selling down and locking down.”
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Another user, “Alwarohk”, has termed the deal “difficult to justify”, because he claims that the derivation generates more income than the synthetics, and “there is no clause in the contract to print millions of new tokens and to prevent us from being reduced.
“I have received the guidance that Santhetics plans to release an additional 170 million SNX to increase its supply from 330 million to 500 million, Alwarovic added.”
He added, “Why are this information not disclosed when asked about it? The price of the offer to derive will be reduced by 60 percent.”
Deal, which began santhetics as a lira in 2021, served as a 1 powers protocol but was part of the synthetics environmental system.
It eventually named the derivation and took steps to work freely from synthetics, such as being removed from the use of Sanitex’s Social Quinn and Lakedity.
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