The XRP ledger is an incredible piece of tech, but in some ways it’s a victim of it’s own success. low fees mean it’s easy for, not just bots, but highly active traders to suck liquidity out of the project by “scalping”.Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling. This is particularly troublesome for il-liquid markets.
Other trading tactics we want to discourage are placing large sell walls, spoofing the order book (either manually or automated), deliberately selling lower than the market price.
We want swing traders and active community participants, not day traders seeking to eat our liquidity for a few XRP.
All frequent trading, degenerate trading, bot trading, or any other form of trading our community judges to be detrimental to the price action of the project, can have their tokens frozen. If you are someone looking to make a quick profit by scalping or flipping, using a bot, or making large numbers of trades per day for any reason, you are not welcome at XRdoge Classic, our community have decided that we do not want you. And you are going to find yourself continually inconvenienced by having your funds temporarily frozen.
If your funds have been frozen as a mistake on our part, they will be reactivated as soon as you reach out to us, and we may offer you a discretionary token bonus by way of apology. If you find your funds have been frozen for trading out with our rules, you have recourse to get your money back. -Firstly, reach out to the team, join our discord and comment in the “bots” channel and post your address with any other pertinent details. You will be asked if you want to continue being a part of the XRdoge Classic project. If so, your address will be unfrozen.
If you do not want to be a part of the project, we will purchase your tokens from you at the USD equivalent cost of your buy in price or market price, whichever is the least. We will take a 5% commission to compensate our team for the work they are having to do as a result of you breaching our rules. Multiple infractions will result in a compulsory sale with no unfreeze possible.