That wick is death x 10, lol.pic.twitter.com/Yxh1WJtfv2
$ICP is the prime example of how vesting/lockups and their enforceability in crypto is mostly all fugazi.
If a project with so much capital and attention can get away with this shit, just wonder what's happening with your {insert launchpad project #4 of irrelevant chain}https://twitter.com/tadleer/status/1408655024473968641 …
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Even with this it's worth many billions still. Insane.
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ive seen/experienced a lot of projects changing vesting/lockups for many reasons, a lot of times to try to help token price. but def first time i've seen such a well funded project do this to make sure they go first, 0 fucks given lmao. esp now they can afford the best lawyers
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This seems too big and egregious tho. Like, they fucked over EVERYONE. They didn’t hold back at all. They perfectly orchestrated both a token, the tokenomics, the exchange listings, and the vesting in such a way that absolutely everyone except the inner circle got rekt.
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Seed round investors that got screwed with the tokenomics aren’t broke plebs either; I’d be very surprised if a class action doesn’t come from this. I bet we’ll be hearing about this for years to come. They were *too* greedy here; never go full greed.pic.twitter.com/FB9iouvIxN
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If you’re investing in something call Internet Computer when it had a fully diluted market cap over a trillion bucks. You prob needed to learn a lesson anyway.
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The name itself is an IQ test. Secondly rarely every pleb gets to short a rug pull. This is now possible on FTX.
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