Oil Lock

One of the most frustrating things about Cryptobots is their decision to lock BITS earned by players in previous testnets. Players were encouraged to participate in these testnet tournaments to earn valuable rewards that could be used upon the game launch. It was not until after the release of the game that players were informed of this distribution lock, forcing players to then purchase BITS on a secondary exchange to fund their in-game activities.

“We are starting the distribution system for staking and testnet rewards with a 3-month lock and a 9-month vesting period. The vesting may be speeded up proportionally to the growth of the active player base and demand for the token.”

I personally am a massive proponent of transparency and clarity. Especially considering the time and capital the community has invested into this game, it is disappointing to see distributions handled in this manner. I want to make it clear however that I am not upset with their reasoning behind the decision, simply the way they dealt with the situation and communicated with their audience. Creating a non-inflationary economy for the game is essential to the games long-term success and survival. While this I can get behind, it still rubs me the wrong way that this was not communicated prior to the game launch and created a system where players had to further invest into the game to simply play.