PancakeSwap has declared ‘we hear you’ to its community and has rejected any request to extend the claim period for NFTs.
Misplaced Interest
PancakeSwap has decided to decline any petition to extend the claim period for lottery Non-Fungible Token (NFTs), even as community in-fighting erupted over the issue.
The controversy developed when some members of the PancakeSwap community missed their chance to claim their free lottery NFTs. PancakeSwap has admitted that this was partly due to their own oversight, and a lack of communication to eligible claimants.
PancakeSwap initially considered fixing their mistake through an extended claim period, but those who had already claimed their NFT fought back on this proposal. In the end, PancakeSwap issued a statement in a series of tweets on September 26th.
“We hear you. We will NOT be extending the claim period for the Lottery #NFTs, nor any other NFT collection, period. The number of Lottery NFTs circulation will remain exactly as it is now,” said the first tweet in the series.
The tweets showed that the Pancake team tossed and turned over how to respond and may have been short-sighted in their attempt to reconcile what they saw as a problem. But for many users, it was merely a lost opportunity.
“It was a huge oversight on our part to only consider the people who missed out due to our poor communication, and not consider those who had already claimed their NFTs. We won’t be doing that again,” the team followed up.
In the end, the battle between extension and non-extension seems to have been dominated by self-interest. For those who had already claimed their NFTs it was in their interest that no more be claimed and diluted the rarity of the existing NFTs. For those who missed the opportunity, the right choice was to extend the claim period.
“Lastly, we apologize for the oversight and the concern this has caused over the last few hours. Rest assured we got the message and will take steps to resolve the communication issues that got us here,” lamented PancakeSwap.
About PancakeSwap
PancakeSwap is a Decentralized Exchange (DEX) built on BSC. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.
In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BSC.
Where to find PancakeSwap:
Source : bsc.news
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