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.
