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Smartecvitalik
@smartecvitalik.eth
Shorters will profit immensely from these unnecessary scam high FDV launches. Take me back to the days when the community could access big projects by buying tokens at a sub-20M market cap. Now, we're forced to buy at 300M-500M FDV, even when the projects are essentially vaporware. The public once had the opportunity to buy Solana at a 25 million market cap. That's how maxis are created. Can anyone say the same for these VC-owned blockchains raising at over a billion-dollar FDV? It's crazy, and it's no wonder memes continue to reign supreme. No VC-backed project currently promises a solid 100x return for retail and community investors. Something needs to be done about these scams, to be honest. Influential accounts ignoring this reality because they benefit from undisclosed pre-seed rounds will soon face a reckoning. It's not too late to be on the right side of history.
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Smartecvitalik
@smartecvitalik.eth
High FDV launches cannot and will never be the future. Tokenomics must change. Kudos to @ErikVoorhees for the @AskVenice token launch, which was properly executed. The token launched at a 25M FDV, with 50% given to the community—no VC nonsense! For clarity, I don't hate VCs, and I'm not saying projects should stop allocating tokens to them. I'm saying this predatory tokenomics approach needs to end. Even with all these new ICO launchpads, the problem remains unsolved, to be honest. They are doing their part by opening access to the general public for these rounds. However, it's still not enough because most projects continue to raise funds at unreasonably high FDVs. This isn't helping at all. This entire situation is a time bomb waiting to explode if things continue this way.
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