The latest generation of tokens is a mess. Not every project is a scam, but some teams pushed every limit. Look↓ @TroveMarkets – definitely a scam • Extended the token sale in the last minute while manipulating prediction markets. • Last-minute pivot from @HyperliquidX to @solana. • Refunded only $100K from the sale and kept $9.4M with a promise for upcoming product launches. @intodotspace – imo, a scam • Shifted their narrative from gaming to prediction markets with no explanation. • Moved $200K of presale funds to @binance before issuing refunds. • First token (UFO) already down 99%. @irys_xyz – cash extraction machine • Made their @Galxe tasks cost 3 G each (G = Galxe token), effectively collecting ~$2M in 2 months - only 10K/300K of those users received the airdrop. • Binance Alpha users received a big portion of the airdrop. • Failed to remove sybils, as one user farmed ~20% of the airdrop allocation with 900 wallets. @HeyElsaAI – airdrop robbery case • Promised full unlock at TGE, then added a 3-month cliff + 6-month vesting to their token. • Added a last-minute on-chain activity requirement for the airdrop. • Users received less in the airdrop compared to what they invested in farming it. + protocols that are not scams and have legit products but who focked up with their TGE / airdrops / expectations management ↓ @zama – unhappy community • Influencer bonuses ran during the auction without clear disclosure. • People bid thinking TVS was the valuation (it's not). • Public buyers down 40%, Binance sale buyers slightly up. @useTria – a huge disappointment for users • Communicated that the token would launch at $500M FDV - token launched at $130M FDV. • Rewarded Binance Alpha users instead of their early contributors. • Didn't reward card holders as they promised, and the card doesn't work in most countries. @rainbowdotme – poor TGE timing & airdrop management • The project had decent revenue ($10M) and funding ($23M), but the token dumped 60% in the first hour. • Didn't deliver promised rewards for Yappers. • Some users with points complained as they were ineligible for the airdrop. • Other users received a decent allocation for the current market conditions. @wardenprotocol – bad yapper rewards management • Yappers were promised 2.5% allocation, but received dust. Many weren't eligible. • Promised 100% unlock for Yappers in docs, then added vesting at the last minute. @cysic_xyz – hints of manipulation • Changed allocation to yappers in the last minute. • Airdropped the token to their mainnet, where there's no DEX option available. • On the bright side, the token is performing well. (no Binance listing) @infinex – a failed launch • All Patron NFT holders got 100K tokens with zero vesting and dumped instantly. • Initially planned to TGE at $1B valuation, but it's currently at ~$115M FDV • The product is legit and working. PS: Just my 5 cents. Verify facts; 100% based on what I heard / experienced myself.

0xviet
@0xvietnguyen
02-06
Recent scam project:
- Zama
- Warden
- Tria
- Rainbow wallet
- Space
- TROVE
- Cysic
- Irys
- HeyElsa
- Infinex
Next project?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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