IDO

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10jrpkm/daily_general_discussion_january_24_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10iydf2/daily_general_discussion_january_23_2023_gmt0/).

RollingDoingGreat

Yes eth and everything that was premined or premade and offered as an ICO/IDO is a security

SatoshiStreetBets-ModTeam

Hello - This post has been removed under [Sub Rule #1 / Additional Guideline #13](https://www.reddit.com/r/SatoshiStreetBets/wiki/contentguide#wiki_13._projects.2Fcoins.2Ftokens_must_be_listed_on_cmc.2Fcoingecko_and_tracked_actively). Your submission has been removed because it does not yet have a **tracked listing on CMC or CoinGecko.** It must **also** be sufficiently old as required by the guidelines. [**Satoshi Street Degens**](https://www.reddit.com/r/satoshistreetdegens) is for the ultra-new, ultra-low cap projects. **Pre-sale, ICO/IDO/IEO projects belong there too.** DYOR applies to all things, but _especially_ everything there. We encourage you to try your post/comment over there? It is a more lightly moderated community and better suited to the volatility of these ultra-risky bets. _This rule is suspended during [Moonshot Monday](https://www.reddit.com/r/SatoshiStreetBets/wiki/moonshot_monday#wiki_tl.3Bdr_about_moonshot_monday)...but only for Moonshot Monday._ Thank you for your understanding.

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10hdaqg/daily_general_discussion_january_21_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ghhlu\/daily_general_discussion_january_20_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ghhlu\/daily_general_discussion_january_20_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10fmn05/daily_general_discussion_january_19_2023_gmt0/).

UsEr313131

Its the fundamentals + solid community thats keeping me. They are building even now. Spectrum finance IDO just launched on ergopad

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10c4tbq/daily_general_discussion_january_15_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10b9r2e/daily_general_discussion_january_14_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10b9r2e/daily_general_discussion_january_14_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10b9r2e/daily_general_discussion_january_14_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10b9r2e/daily_general_discussion_january_14_2023_gmt0/).

coinfeeds-bot

tldr; Spectrum Finance will launch the Spectrum Finance IDO on January 16th, 2023 at 6pm UTC+0. The IDO event consists of three rounds: Community and Public rounds consist of whitelisting and contribution phases. The Community round is exclusive to Spectrum Finance protocol users and ErgoPad stakers. The Public round is open to everyone. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10af5f6/daily_general_discussion_january_13_2023_gmt0/).

Whole_Visible

That's good. During a bullrun I'd expect a wild time on DEXs for IDO shenanigans

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/108phjk/daily_general_discussion_january_11_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/106yoer/daily_general_discussion_january_9_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/106yoer/daily_general_discussion_january_9_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1063vi8/daily_general_discussion_january_8_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/1063vi8/daily_general_discussion_january_8_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/103jihw/daily_general_discussion_january_5_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/102nwzt/daily_general_discussion_january_4_2023_gmt0/).

Raccoon_Expert_69

I'll bite cause I've seen this activity in exchanges and it's not uncommon. Without knowing the actual "coin" I can't say for sure BUT here we go: Dev's will know the workings of a coin and it's protocol before they get anywhere near building a GUI wallet for consumers, assuming it's on it's own chain and not erc-20 based. Coins can be minted and stored before GUI implemantation and in cases of ICO or IDO coordination you will 100% see coins on an exchange well before there is actually a way to withdraw or deposit them.. AXS was a great example of an ICO that was available on Binance long before the protocols and network were in place.. ETH2 on Kucoin was another great example. Did it means that eth2 was a ripoff because you couldn't withdraw it from kucoin? No, because it wasn't yet available.. ​ So you now need to ask yourself, "is there a practical reason those coin deposits/withdrawls were not available?"

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/100xkac/daily_general_discussion_january_2_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/100xkac/daily_general_discussion_january_2_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/100743i/daily_general_discussion_january_1_2023_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zykwb7/daily_general_discussion_december_30_2022_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zykwb7/daily_general_discussion_december_30_2022_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zxpgqq/daily_general_discussion_december_29_2022_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zwuhtw/daily_general_discussion_december_28_2022_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zwuhtw/daily_general_discussion_december_28_2022_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zva4xx/daily_general_discussion_december_26_2022_gmt0/).

mundumil

I prefer staking for sure, I have very little knowledge about day-trading or margin trading so staking is the most solid option for me. I've been trying to get Tier1 on Polygen, if I can do that, I'll also get benefit from upcoming projects IDO phases.

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zhd42p/daily_general_discussion_december_10_2022_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/zemgun/daily_general_discussion_december_7_2022_gmt0/).

fgiveme

You mean coins without ICO/IDO, aka premine.

fgiveme

Pretty obvious if you are a company that raised fund with traditional stock: lots of regulations, high barrier of entry, jail risk for insider trading. Meanwhile tech startups having the time of their lives with tokenized fund raising. Either the SEC blast every ICO/IDO token with a security label (including Ethereum), or traditional companies will tokenize their stocks.

privacymind

No, we haven't ever done any ICO/IDO or raised funds for over 4 years. We are self-funded, privacy-minded builders who come together to build the privacy project.

Ill-Medicine-7496

Yup found the info that they recently had public IDO on fantomlive along with poolz and it is sold out now. First listing is on mexc. Only option to get it before listing is through their MDAY event.

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z7d8jz/daily_general_discussion_november_29_2022_gmt0/).

CointestMod

#Solana Con-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Solana Cons** > > **Centralization** > > An estimated 1,700 validator nodes support Solana. If a single entity or collection of entities comes to possess a sizable portion of the SOL token supply, the Solana network may become unduly concentrated. The network's decentralization may suffer because Solana requires more specialized equipment to join and is unable to draw a sizable user base. There is a high concentration of stakes among validators, with 22 validators controlling 33% of total staked SOL. Accordingly, if 22 validators conspired, the network might theoretically come to an end. > > **Network Outages** > > * September 14,2021: 15 Hours of outage as bots capitalized on an IDO on raydium > > * January 2022: The whole month faced partial outages of 6-12 per day due to high demand of NFT minting and defi usage. > > * April 30, 2022: 7 Hour outage due to a DDOS attack by bots > > **Solana, the token** > > The token distribution on Solana reveals that the top 0.04% of addresses, or around 3,000 addresses outright, hold 88.5% of the current outstanding SOL. Along with early investors and the founding team, these wallets also contain staking pools and exchanges. 11.7 million SOL are included in the biggest wallet. Less than 1% of the outstanding SOL is held by the bottom 98.6% of wallets on Solana. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z6gzfm/daily_general_discussion_november_28_2022_gmt0/).

thecodequeen

Yes of course. I only came up with the idea at the beginning of August so it’s still a baby. The project is releasing in two parts, so far we’ve begun building our anonymous helper network which is going very well. We are now working on the contracts for our token IDO as well as DAO governance, then I’ve got some DeFi games and services in mind we will be offering as well. I’m going to register us as an LLC in the Cayman island so that DAO members are not at risk, and we will be using Nexus Mutual for insurance. Our team has been studying all the ways in which previous projects have failed, and we’ve planned based on what we’ve learned from those failures. Honestly, building this thing has been the most fun I’ve ever had, and we are working on a mobile app, but for now our front end is hosted on decentralized cloud. I’ve been fighting off COVID pneumonia for about 6 weeks so I’m really far behind on updates, but I’ll be releasing the road map soon, and I’ve got some podcast appearances coming up where I explain the project in depth.

franzlopez

I really hope that more crypto investors will see Voltreum's potential. It's a great way to earn while being able to saving Earth. Looking forward to its IDO! 🚀

fgiveme

It's not a matter that you can debate. Ethereum started with an ICO - Initial Coin Offering. In order to have an ICO in the first place you need to print and allocate tokens to buyers before the genesis block. This is the same thing that most projects do nowadays, either fundraise with VC or IDO on DEX or both. All of them premined, although each project has different allocation % for initial investors. Ethereum started with ~70% of total supply. Search Ethereum ICO for information.

kidkarst

New coins easly die because of expenses to run blockchain project, with latest IDO trend they collect low amounts where investors easly drop in duo time and take more money than they invested. As mostly new projects are trash they can’t bring new investors and if they trade in bad exchanges which are empty they fail to bring new buyers where old ones can sell. Simple as that 99% projects are not able to handle and survive, it’s just matter of time their tresury will dry.

MochiJump

>However, Arco Protocol said that over 300 people deposited to the IDO at the same time, causing network congestion and an unforeseen issue with token claiming. lol, wow over 300 people huh?

coinfeeds-bot

tldr; Arco Protocol, a cross-chain decentralized finance (DeFi) platform on the newly-launched Aptos blockchain, has gone offline following a botched fundraise. Arco intended to raise funds on Oct. 29 in an initial DEX offering, which is a form of decentralized crowdfunding. However, Arco Protocol said that over 300 people deposited to the IDO at the same time. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

jacktradesall

*"Arco Protocol, a cross-chain decentralized finance (DeFi) platform on the newly-launched Aptos blockchain, has gone offline following a botched fundraise.* *Arco, which offer lending and staking services, intended to raise funds on Oct. 29 in an initial DEX offering (IDO), which is a form of decentralized crowdfunding. DeFi is an umbrella term for lending, trading and other financial activities carried out on a blockchain without traditional middlemen.* *However, Arco Protocol said that over* ***300*** *people deposited to the IDO at the same time, causing network congestion and an unforeseen issue with token claiming. The Aptos blockchain had a less than stellar start earlier this month."* Can't even handle 300 deposits at the same time, smh.

fgiveme

The tokenomic (% of devs and vc owned token) matters a lot. ICO/IDO usually comes with a super majority % of supply in their hand. Easy to organize pump and dump.

Trokariloz

premined ICO/IDO that is every chain including BTC lol. All premined before any real marketing took place.

fgiveme

That's what happen when you buy into premined ICO/IDO. Devs and VCs are determined winners.

OtterTF

These bears are getting their hopes down as BTC's rallying again after the bullish news. Good thing I still long BTC even today, although that red candle made me a bit discouraged to trade. I'd love to start longing BTC now as I stake IRIS and PGEN then wait for Polygen's next IDO with TofyCoin.

OtterTF

But what if it's only a single whale that tries to dump BTC and those remaining whales will have an orchestrated dump over the market? I think we're not near the bottom yet as long as the US elections don't come to pass. I'm still on the lookout for these events as I'm staking IRIS and PGEN to get into Polygen's next IDO with Tofycoin and bagging some BTC along the way.

Cactuszach

But we should all listen to you, an account less than a year old with a link to their IDO and a white paper in their bio? SURELY you aren’t trying to convince us you are an expert in order to sell us something right…?

Whole_Visible

Was there a big NFT drop or IDO or something?

JohnniePeters

Yes. I bought them roughly a year ago on the Terra Network. I had to migrate them to the BNB chain after the collapse of Terra. That went succesfull, but I needed help with it. It was complicated. On octobre 20th there will be an IDO, and they say "several are willing to take us" (check their Telegram!). So the listing on at least one exchange is going to happen. Tokenomics 100 million max supply. But a lot of them are gone forever, because people just forgot about them after the Terra collapse, or thought the migration process was a lot of trouble. My fair guess is Bitmart, but nothing is certain. Starting at $0,05 per coin. (that's also what I paid a year ago).

MakeItRelevant

How much did "Pumlx" raised on IDO? I'm street-running with Sweat app, but didn't try the one from Pumlx yet. Are you using it? Does it work? Btw, what is "Gmt" doing? It looks very confusing to me: "backed by real assets" to reward the user with daily BTC. I'm not touching it.

OtterTF

This isn't the worst-case scenario IMO. If you look at other charts, the dump is more painful than what we have on BTC and ETH. That's of course without liquidations for traders like me who expected that BTC hold the $20k support. I'm still looking at the new partnership of Polygen with JOT Art after they've postponed the IDO with Zetly.

OtterTF

CBDC's bound to face the same fate, thinking that they'll get a good amount of investors to jump into this. Crypto peeps be frowning on this one as there's no investor who wants to be tracked even on their digital assets. This is why I'm still on to crypto assets esp BTC and ETH while keeping some IRIS and PGEN staked then get into Zetly's IDO on Polygen.

slasherzx

Erg to interact with their dapps and defi. They have Launchpad called Ergopad for new dapps, which you can have early access into their monthly projects and gain IDO and earn some sweet returns. They also have their own NFT markets. It is unique for a top 200 coin to do all those stuffs compared to any coin below the top 30 coins.

Spalatinwt

Luck is pretty much needed as well. one really has to choose over his guts and the most important factor is patience, this is why I am also waiting for projects like gamestar plus to soon have their IDO.

sagarbansal21

You should also check out AdLunam. The industry’s first NFT-integrated Engage to Earn seed crowdfunding and IDO launchpad using a Proof of Attention model.

nicholascameron_art

One of the biggest scammers in Crypto YT Superfarm is a scam. It does NOTHING. The NFTs are fucking worthless. He set an IDO price of 0.025c and had P1 inverstors in at 0.015, and kept the intial supply so low, that it literally pumped to $4 while they dumped millions of dollars. Seriously look at ATH MC and CS. It will blow your mind how obvious it was in hindsight. He marketed it with basically the sole intention of everyone post IDO being exit liquidity. Imposters. Raised like millions with one of the highest mint NFTs. and its in a closed beta that does nothing. Like I guarentee this game will never be released and he will just have a new project with a new whitelist and the cycle will happen all over again.

pazsurfingwd

Spot on! It really depends on how long you've been here. I earn quite well during the IDO boom of 2017-2018, and since then, IDO buzz has gone through many phases. Many have lost interest in participating in IDOs currently due to scams, the tedious nature of getting whitelisted, and poor price performance. However, some launchpads are now restoring confidence in many crypto users by offering a fair lottery system, vetting projects before giving it a pass and giving investors' insurance.

smrznutihjh

I think FLUID will be needed mostly by DEXs more than the CEX needs it. Looks like yoube not interacted with the platfrom before. You don't need to have several passwords for our account or wallet as you can use a single login o access all your assets on the platfrom Is there any ETA to the launch of FLUID and are they having an IDO? There are some good launchpads out there from Polkastarter to Seedify to BSCpad to Uplift DAO, Trustpad and more. I like what Uplift is doing on their platform as it is a whale resistance launchpad that allows small bag holders slot in IDOs What will the launch be lilke? Direct listing or IDO?

rinbinxin

A lot of retail who got in were during bull run when people misunderstood APR and were considering staking rewards were "eighth wonder"(taken directly from this sub's bull posts). A lot of them use CEXes and have staked in Coinbase where liquid staking is not possible. Some are afraid of selling their liquid staking assets because they are selling at discount to current Eth prices while also losing on staking rewards. Some even panicked after knowing that Eth isn't unlocked after merge. Pretty sure this happened a lot that Kraken has decided to send everyone an email saying that staking rewards won't be unlocked till Shanghai update. VC unlocks are bearish sure, but atleast VC's don't dump right away, retail who got in ICO/IDO's are known to dump rewards right away. All this screams bearish to me atleast for now. If the market is going up as the staked Eth becomes unlocked, could be a very different story.

BananaJuice69

$QANX is down to its IDO price but the fundamentals didn’t change one bit and I still believe it will be my escape from the rat race lol

Adorable_Grab_7065

I'm always confident in the gaming sector that it will take the crypto space by storm in the next few years. That's why I've been keeping up with GamiFi, which is an IDO launchpad for all blockchain-enabled games that has gamified whitelisting and a multi-chain agnostic support system.

FloraO

I am planning on participating in their IDO on 14th of September. You can check it out https://3air.io

OtterTF

There's nothing to back up this massive pump on BTC. I'd be selling it once it hits the previous ATH for a safe move and accumulate some passive income like staking PGEN, IRIS, AXS and SLP for a good measure and get new tokens on their IDO price on Polygen's launchpad.

FloraO

I agree mate. Joining projects early is also a great advantage in the Crypto community. 3AIR is having their IDO on 14th September. You might also join them too

killthefuds2021

Its easy but im just curious if this is also #SAFU to use? Who handles audits? I remember NFT wallet that is safe to store nfts which is wombat. Its own coin still undervalued but made hot fomo on its IDO days. Try ape in and see potential..

IllustratorMost8105

Icoshunter.com Cryptocurrencies In Pre sale Phase ICO / IDO, Upcoming ICOs, Active ICOs, launchpad Coins Info and whitelist crypto