yes it is.
By an economical point of view, the longer they keep the invites closed, the more they become a luxury good. Doing this is not a solution.
As some people said before, if they open the invites for 6 hours or so, time to time, for sure genuine members would have time to invite their friends. There wouldn't be even time to sell or trade them.
I've just finished polishing my keyboard.
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Why not just close the close the trade section until that day is over starting today.