๐ฃ๐๐๐ ๐ฐ๐ฟ๐ฎ๐๐ต๐ฒ๐ฑ ๐ณ๐ฌ% ๐ถ๐ป ๐ฎ ๐ฑ๐ฎ๐ ๐จ๐จ
ย
People are still confused about what went wrong with $PAAL.
ย
HOW HAS IT ALL STARTED?
ย
Yesterday, news came out that @PaalMind is planning to merge with @ASI_Alliance.
ย
For this merger, the community voting will start on November 18, 2024, and will close on November 23, 2024.
ย
But why can a merger news drop the price by 70%? ๐ค
ย
Lemme explain..
ย
First, you have to understand the token conversation.ย
ย
โฝ #FET (ASI) Token Supply: 2,719,493,896
ย
โฝ #PAAL Token Supply: 1,000,000,000.
ย
โฝ Token Merger Rate: 6.24:1 (If you have 6.24 PAAL tokens, then you will have 1 FET).
ย ย
Now the main problem is that once the merger happens, you will not get all your tokens at once.
ย
There will be a vesting period of 180 days for converted tokens.
ย
You will get an equal continuous release over 180 days (daily).
ย
This is causing panic in the market because no one wants to wait for 180 days (6 months) to get all tokens back.
ย
Now PAAL holders are dumping the token in the fear that if this merge happens, they have to wait for 6 months.
ย
What's your opinion about this? ๐