Emergency Pod: THORChain’s Chad Barraford on the THORSwap IDO Situation

Emergency Pod: THORChain’s Chad Barraford on the THORSwap IDO Situation

The Runebase Podcast

04/11/2021 4:41PM

Episode Synopsis "Emergency Pod: THORChain’s Chad Barraford on the THORSwap IDO Situation"

Earlier today, THORSwap conducted the final stage of its IDO on THORChain.  In the minutes before trading was enabled for the general public, the community was frustrated to see large transactions being executed by whales front-running the public on-sale. To the communities surprise, the large transactions had come from THORChain's own treasury - a fact that understandably sparked disappointment and outrage amongst many of the would-be investors.  In this quick emergency pod, I had the chance to sit down (in person!) with THORChain Lead Dev Chad Barraford, for an impromptu conversation about what transpired, the mistakes that were made, and some thoughts on what the next steps might be to make things right for the community.  - 0xNguyen

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