Farcaster

New airdrop meta in Farcaster?

$JAM "Airdrop" is a Scam – here’s why:

The team just redefined the word airdrop to mean "pay us 10x the value of your tokens and pray we don’t rug you." Let’s break down why this is predatory (and possibly illegal):
1. This isn’t an Airdrop – It’s a forced buy-in.
To claim your "free" tokens, you must deposit 10x their value just to unlock them in 7 days (or wait 6 months with a smaller ransom).
2. The team is already dumping (?)
Liquidity isn’t locked. Contract is mintable, contract wallets have been selling tokens before the "claim" even started (check tx history).
They’re literally would like profiting from users buying tokens to "unlock" their own airdrop.
3. No Trust, No Transparency
Devs make rules last minute with zero warning.
Their excuse? "We’re experimenting." Experimenting with exit liquidity from their community.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email