As a means of addressing the Pre TDE sales previously disclosed by FTSO London within Telegram and Twitter platforms we have decided to apply a self imposed financial penalty during epochs 88 and 89.
Rather than burning our FLR rewards, 100% of our earnings during epochs number 88 and 89 will be donated to St Jude Children’s Research Hospital >> https://www.stjude.org/donate/crypto.html .
There have been widely divergent views on Telegram as to how best to address the Pre TDE sales. Some have proposed a 2 epochs chill and others have proposed to burn validator or epoch rewards.
In the interest of best serving our delegators and supporting the health of the Flare Network we believe donating our rewards to a widely recognised charity is the most apropriate self punishment for FTSO London.
We trust that we can now put this all behind us and move forward.
We thought burning rewards when so many charities are desperate for resources was not the right way to go. Trying to turn a bad thing into good somehow. Thank you Matt!
I apriciate that you want to correct things in the right direction. Can you also provide some clairity about how much was sold and how much you are going to donate for the charities?
In my case chilling means a loss of $70 dollars for one epoch. Thats very little compared to a potential $70.000 pre sale on bitrue.
Did you provide some info on that?