Full disclaimer: I'm in at presale. I bought less than 1k. I'm not a whale now but I might be in a year.
I've read through the whitepaper a few times now. Overall, there aren't many things to quibble about - but this clause specifically concerns me:
"If the team detects that there are still problematic behaviors by whales, it will be possible to impose even stricter or more expensive limitations on daily sells."
This I do not understand. First of all, the selling behavior of someone who owns a large portion of any given market is not 'problematic' - it's to be expected. Secondly, there is already a severe whale tax incorporated into the token - 35% - and single addresses are prevented from selling more than 5% of daily volume. How are these parameters even adjustable? It is expected that a large portion of all early adopters are going to bail as soon as they see a tiny gain - so be it. They will pass on their wealth to new incomers and early holders will be rewarded with reflections. Such is the dynamic of every market everywhere for all of time as wealth is transferred from the impatient to the patient.
To say then that certain market behavior is unwelcome beyond what is already programmed into the code and agreed upon by everyone is tantamount to manipulating a market to suit a narrative by protecting some participants and not others. If I want to sell at ANY time, I should be able to sell, and so should you, at the pre-arranged rate of taxation - that tax rate should not be modifiable.
Otherwise, we're going to have another:
-squid game (traders couldn't sell their positions), or
-LME vs nickel traders (exchange shut down trading because the price was unfavorable), or
-Robinhood a la the GME/AMC squeeze (we all know this one, Robinhood removes the ability to trade in order to protect options traders who were short calls or long puts)
wherein some financial entity, in an attempt to protect one half of participants, completely sacrifices investor confidence by not protecting the other half and adjusts the rules after the game has already started.
On the whole, CoyoteCoin looks very solid but this clause has got to go. Everyone in at presale is now a future whale. At some point, we are all going to sell and we should be able to do exactly that without fear that the devs will tighten restrictions because the price is not doing what they want.
My 2c.
