#FRONT to $SLF Swap: Community Raises Concerns ๐
#Binance and Self Chain is facing criticism over its recent FRONT to SLF token swap. The community is upset about the significant increase in the total token supply from 90 million to 360 million. Even though the 1 FRONT = 1 SLF conversion rate remained the same ๐คท, the value held by users was diluted by a whopping 75%. ๐ฉ๐คฌ
SLF's Price Plummets: ๐ข๐
Unsurprisingly, #SLF 's price has taken a hit. It's currently trading at $0.60, down 9% today and 18% over the past week. ๐ฅ
Community Demands Transparency: ๐ถโ๐ซ๏ธ๐ข
The community is demanding more transparency and clarity from Binance and #SelfChain regarding the token swap. They want to understand the rationale behind the increased supply and the potential impact on the value of their holdings.
What do you think? Is explanation sufficient, or does the community have a valid point? ๐คLet us know in the comments below! #Altcoins