RGB Protocol Mainnet Airdrop Dey Slow Down Because High Fees
After two years of development, Bitlight Labs don launch di RGB protocol for Bitcoin mainnet, wey fit run off-chain smart contracts wey seal dem inside UTXOs with client-side validation. To make people start use am, di team distribute 21 million RGB test tokens, but strict limits of 50 tokens per claim, 420,000 claims wey dem need and mandatory fees of 0.00003636 BTC (≈$4) slow di distribution to less than 20% after 17 hours. Di accumulated fees (fit reach $1.68 million) plus extra gas costs for container creation don cause frustration and FUD for users, wey dem weak early market feeling. Even though di RGB protocol show Bitcoin layer-2 innovation, e complex setup and long rollout show di wahala wey fit affect future trading plans for smart-contract projects on Bitcoin.
Bearish
Di slow uptake and di high fees wey dey for di RGB protocol airdrop don make users vex and bring FUD, wey dey reduce early liquidity and market excitement. For short term, traders fit avoid to join because of transaction kos and wahala, e go make trading volume low and put pressure on market sentiment. For long term, if distribution wahala still dey, people fit lose confidence for Bitcoin layer-2 smart contracts, wey fit make investors rethink risk and maybe delay to join similar projects.