Content
@
0 reply
0 recast
0 reaction
Maretus
@maretus.eth
❗Announcement❗ In an unfortunate turn of events, myself & @nikomfer.eth will no longer be working with the /9to5 project. Yesterday, it came to our attention that 2 members of the core team did the unthinkable and sold 50M tokens into the only positive catalyst we’ve had in months - the Base Ventures DAO buy in. @mjfunds & @foreigngods sold their tokens in secret, tried to hide the fact when confronted, and then justified their actions by saying “devs do it all the time”. In addition to this, it has also come to our attention that @mjfunds rugged 2 other WAGMI launches that he promoted to various /9to5 holders. (Evidence here: https://x.com/ans4tsu/status/1815523149003272226?s=46) I will not work with a project that does this to its holders. While encouraging all of us to buy, they were planning to sell into us. They used all of us and Base Ventures for some exit liquidity.
101 replies
19 recasts
91 reactions
Maretus
@maretus.eth
I sincerely apologize to everyone for encouraging you to buy into a project being run by someone with such poor character. I am working on a plan with @nikomfer.eth and others to turn this setback into the setup for a comeback. Please reach out if you have any questions or if you just want to express your frustration. We are here to listen.
17 replies
1 recast
24 reactions
agrimony↑🎩
@agrimony.eth
If the core team aren't allowed to sell why not hold all their tokens in a multisig or some vesting contract? Seems like there's trustless tools available let's you avoid this trust me bro type of scenario?
1 reply
0 recast
0 reaction
Maretus
@maretus.eth
Certainly, there are. The issue wasn’t that the core team isn’t allowed to sell. The issue is them selling 5% of the supply when we’re already down big and as soon as we have a positive catalyst. And then hiding it. They could have offered the tokens OTC and we would have sold them all easy.
1 reply
0 recast
0 reaction