Correct, there is no immediate usage for coins held in deposit. It'd be interesting if one could trade deposit accounts on an open exchange, even if they are still locked up.
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Correct, there is no immediate usage for coins held in deposit. It'd be interesting if one could trade deposit accounts on an open exchange, even if they are still locked up.
Essentially they are closing up more in favor of their existing HODLers instead of opening up to a wider audience and attracting new users to the coin. I was actively following it before the hardfork, mining, trading and holding (short term), but after they changed the rules I just lost interest and I suspect a lot of other people also did.
Being able to trade long terms deposits would be interesting, however I think that this is more reasonable to be implemented on the local wallet than on exchanges. Hardly seeing a more complex feature implemented any time soon when they still have not added the option to sort the term deposits in the wallet for months... :)