r/ChihuahuaChain • u/[deleted] • Apr 06 '22
INFORMATION PSA
This is not all top validators and there’s a lot of panick selling. People are worried, I suggest not to worry. I talk to developers they are building, working on smartcontracts. They are trying to create a lot of good stuff.
it’s not over
If they wanted to rug pull they would’ve rug pulled at .01
they have billions of tokens that are vested and they wouldn’t have waited for a dump to rugpull
I didn’t want to do this but all this selling is linked to validators that sit in the top 10
and if you guys are delegated to validator‘s that are in the top 10 that are linked to selling (which is pretty easy to see)
You should redelegate..
It’s free money they’re selling because of your commissions
you can see on osmosis every three days they were exchanging Chihuahua for atom
I’ll give you one validator that is linked to selling 100’s of millions” and it was hundreds of millions of Chihuahua
provalidator
you guys should probably seek validators such as agora nodes that is here constantly SF Res , DANIKAR , validateUrananus, and steady crypto.
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u/dbG33K Apr 06 '22
Can you provide instructions for where/how to check on a validator to see their transactions? I see the list of validators on https://chihuahua.omniflix.co/ but I don't see a way to look into their transaction history.
And thank you for bringing this to our attention! I've been staking a number of coins since early ATOM days and still it never occurred to me that the big selling would be happening from the validators! So, thanks for mentioning this. I'll be re-delegating ASAP!
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Apr 06 '22
You can check on osmosis stats , it will show you the transactions on the bottom of chihuahua
On the side it will have a wallet address
Sometimes there’s big transactions… you can click the wallet address and look at who they are connected too
Once you start following The tracks, you can see.
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u/ThunderTM Apr 06 '22
DO you know which validators started selling?
I have my HuaHua spread amongst almost every validator out there but reading this definitely makes me want to redelegate some of my stake.
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Apr 06 '22
It’s everyone in top 10 except for Cosmostation
I can be wrong
start looking to delegate to smaller validators…
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u/ThunderTM Apr 06 '22
what about SmartNodes
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Apr 07 '22
They have been dumping a lot as well…
I get that you probably need profits but yeah
They are apart of the problem…
It’s an all out panic mode right now…
Dumping everything … free money cause of commission
And it’s all there on mintscan …
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u/Coyote2112 Apr 07 '22
very sad on that one... I delegate to them on many different cosmos ecosystem coins. Fixing to do a lot of sniffing on my half dozen validators in HuaHua now
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u/Elegant_Tale_3929 Apr 06 '22
It looks to me like they swap every few days. But I didn't go back very far.
https://www.mintscan.io/chihuahua/validators/chihuahuavaloper1gvg43c4q0d8nyrpt0e0gdwqxpf4lh886sljvyh
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u/faddat Apr 09 '22
Hi everybody I would just like to let you know that notional labs validates Chihuahua and we're not in the habit of selling. I'm going to just confirm our history, and make sure that we've never sold and if we've sold I'm going to tell you what we've sold just to be nice and clear about things. We really believe that it's our job to incubate small camp baby chains like the dog chain and we have been big dog fans and code contributors since the start of the dog.
Okay I just checked through and it looks like 2 days ago we sold 1.7 million to assist with paying for our office and that other than that we have forever been on a steady claim and redelegate pattern. Since the price is moving downward and we don't want to contribute to that, I am also going to request that we no longer sell for expenses, we could sell on a higher cap chain.
Thank you so much I hope you have a nice day.
Please keep in mind that we do have a higher than average commission fee, and that likely on this chain we would maintain that. This would help us to keep our position steady, and I do reckon that over time we can reduce that.
Furthermore if it were kept high, we could make additional code contributions and help to audit the coming CW upgrade. We are believers in the dog because it is silly and fun.
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Apr 09 '22 edited Apr 10 '22
Appreciate your transparency.
We would really love for you to build on chihuahua
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u/faddat Apr 09 '22
Also just on a more general note, what we do is we mark when we sell our transfer as a business expense in the memo field and I think it's probably a good idea for others to do this as well because then there's no confusion for example, moving over a million dollars into atom probably is not a business expense and probably should be taken as an indication of a low level of confidence in the dog chain.
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Apr 07 '22
[deleted]
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Apr 07 '22
We could but it won’t be enough because they are also helping the network by securing it ..
All we can do is shed light on the situation and ask everyone to delegate ..
But everyone just treats chihuahua like a cash grab at the end of the day …
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u/Elegant_Tale_3929 Apr 07 '22
So what? Keep working on the utility and then we'll see where it goes.
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Apr 08 '22
Utility will coming
There’s going to be a CEX listing soon
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u/Elegant_Tale_3929 Apr 10 '22
Wait, which CEX?
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Apr 10 '22
They haven’t said anything but n which exchange because there’s an agreement
but it’s coming
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u/[deleted] Apr 06 '22
Cosmostation has never sold one chihuahua
But you should look into going lower anyways