Good morning.

Todays quick post is an update of thr PXT/PXT2/HALON node project/rug pull

If you read my previous post about this, basically Paulo ran off with the money or so they say. It seemed too convenient for a dev of a failing protocol to take the money so they could start a new protocol with a new name but hey ho what is done is done.

The new news is that Halon have told us what airdrop we will recieve to compensate us for the nodes we had in PXT. (I am almost excited as this will be my first ever airdrop!)

They had a wonderful mathematical formula to tell us how they worked out what people would receive but as of now we still have no idea what the price of each token will be worth.

Competition time

We both had to come up with a number to guess what the new token will be worth when we try to immediately off load it and get it done before the mass exodus, if it is even be worth trying to sell it! They have removed the buy tax that was previously 10% and upped the sell tax to 20% (no doubt to try to stem the flow of the exodus).

We have been told what our allocation will be and it is 54 Halon tokens.

My first guess was $0.05 David's first guess was $0.50 which of us will be right? what should the prize be for the winner? We should find out next week which one of us is closest.

For us to break even on our investment it would need to be $3.00 per token but we have long seen this as a mistake we had made and use it as a lesson learned.

I was tempted to screenshot some of the Discord comments but that would involve a lot of editing! Needless to say they are not happy.

As always, thank you for reading and feel free to comment.

Screenshots from Discord.