"Another Scam: Why is intodotspace a Typical Example of a Rug Project in the Last Two Years?" A project engaging in rug scams often exhibits certain typical characteristics. Currently, it seems highly likely that intodotspace is trying to extort money from rug users. Using this project as an example, let's highlight some warning signs to avoid falling victim. I. Warning Sign: Extremely Aggressive Persona Building and Frequent Changes in Sector Focus This is almost a classic starting point for all rug projects. Then it's the same old three things: build up a background, emphasize community priority, and elaborate on product philosophy. Everything presents a familiar decentralized image, but this decentralization carries an overly ingratiating, unusually righteous tone. If you look at its past, if you can't find the founder's real resume, the project frequently changes sectors, and it's still essentially in the PowerPoint stage, yet spends a lot of money hiring KOLs, then you should be suspicious of this project. II. Warning Sign: Unexpected Rule Changes and Forced Explanations Intodotspace is very obvious in this regard. If you carefully read its posts... They introduced the concept of "hard cap" and "soft cap" in fundraising, using the guise of "industry practice" to mislead investors. This essentially means that before fundraising, the team's mindset was: "I'll collect the money first, and then see how much I keep." At this point, they usually respond to market skepticism by issuing refunds. However, if you investigate the refunds closely, various shady practices will surface. Either the refunds were accidentally sent to a new address, or accidentally to an exchange. In short, they never reached your original wallet. Third, the "silencing the fire" and harvesting: Shouting slogans and refunding large investors. This step is basically the final stage, and they will definitely release a high-sounding statement. "We won't run away, we are very transparent, everything we do is for the good of small investors. We're using this money to make a really awesome product, and we'll be TGE soon." At this point, the situation is very clear; Rug is almost in its final stage. Even if they do refund under pressure, the project will likely change its identity and start a new story. I hope everyone will protect their wallets. In a bad market, projects that talk a lot of big ideas but don't take any real action are basically going to be put on the danger watch list.

Given so many questionable aspects of the project, why did everyone still rush in, resulting in an 8x oversubscription? 😂