Recent operations of the WLFI project have attracted widespread attention in the crypto world. It is reported that Hut8 has adopted an unusual investment strategy by choosing to purchase WLFI Tokens from the market at a price of 0.2, rather than acquiring them directly from the project party at a price of 0.25.
This decision has sparked a lot of questioning, with some analysts believing that this investment method does not actually have a substantial uplifting effect on the price of WLFI coin. On the contrary, it resembles a carefully planned political investment.
Meanwhile, the token distribution of the WLFI project has raised concerns among investors. It is understood that up to 80% of the tokens in the retail presale have not yet been unlocked, and there is currently no clear unlocking plan. In stark contrast, the project party seems to have the privilege of continuously selling locked tokens.
This unbalanced Token distribution and circulation mechanism has caused some investors to feel uneasy. Some even liken this situation to a 'hunting' operation aimed at retail investors.
This series of events highlights the common governance issues and information asymmetry in crypto assets projects. It serves as a reminder for investors to remain highly vigilant when participating in such projects, to fully understand the project details, and to cautiously assess potential risks. At the same time, it also sounds a warning for the entire industry, calling for the establishment of a more transparent and fair project operation mechanism.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
AirdropHunterKing
· 10-04 05:52
Played people for suckers three times and still not learning! Rekt on the spot.
View OriginalReply0
GasWaster69
· 10-04 05:51
suckers one wave trap one wave
View OriginalReply0
ShadowStaker
· 10-04 05:51
smh... classic governance theatre with retail as exit liquidity tbh
Reply0
LayerZeroJunkie
· 10-04 05:50
Retail investors are just suckers, laughing to death.
View OriginalReply0
GasFeeCrybaby
· 10-04 05:50
The old accounts of being played for suckers have been brought up again.
Recent operations of the WLFI project have attracted widespread attention in the crypto world. It is reported that Hut8 has adopted an unusual investment strategy by choosing to purchase WLFI Tokens from the market at a price of 0.2, rather than acquiring them directly from the project party at a price of 0.25.
This decision has sparked a lot of questioning, with some analysts believing that this investment method does not actually have a substantial uplifting effect on the price of WLFI coin. On the contrary, it resembles a carefully planned political investment.
Meanwhile, the token distribution of the WLFI project has raised concerns among investors. It is understood that up to 80% of the tokens in the retail presale have not yet been unlocked, and there is currently no clear unlocking plan. In stark contrast, the project party seems to have the privilege of continuously selling locked tokens.
This unbalanced Token distribution and circulation mechanism has caused some investors to feel uneasy. Some even liken this situation to a 'hunting' operation aimed at retail investors.
This series of events highlights the common governance issues and information asymmetry in crypto assets projects. It serves as a reminder for investors to remain highly vigilant when participating in such projects, to fully understand the project details, and to cautiously assess potential risks. At the same time, it also sounds a warning for the entire industry, calling for the establishment of a more transparent and fair project operation mechanism.