Something seems off, brothers. The new project’s fundraising plan just feels unsettling.

They have raised 130 million USD in financing, so logically, the funding situation should be quite ample. Yet, they still need to conduct a public sale and throw out 10% of the tokens all at once for retail investors to take up? This operation is somewhat perplexing. What's more concerning is that I expect the airdrop won't be very generous, so it's probable that we need to prepare ourselves mentally.

The specific plan is as follows:

The gameplay adopts a sealed bidding Dutch auction, where your bid is invisible to others, which is quite exciting.

Token distribution is divided into two tiers - 10% of the total amount, with 8% going through the auction channel, and the remaining 2% reserved for fixed-price subscriptions after the auction ends, but each person is capped at a purchase of 10,000 USD.

Filming will start from January 12th to 15th.

To be honest, the pace of ample financing while being eager to cash out is somewhat perplexing.

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Anon32942

· 18h ago

This tactic is really a bit hard to hold back, raising 130 million USD and still so eager to dump? Speaking of which, this sealed auction really treats retail investors like fools, afraid that they can't dump the 8% of tokens, right? It feels like the funding has almost been spent, now they are in a hurry to play people for suckers. 10% Circulating Supply directly listed, how it operates later will be ugly. I will pass on this kind of project, the Airdrop is definitely going to be stingy. The more funding, the more cowardly, to be honest. The auction method is so complicated, it’s just a way to eat the price difference. These few projects in January all have this tactic, it's honestly aesthetic fatigue. The Dutch auction is packaged so flashy, but the essence is still the old trick of Be Played for Suckers. Each person has a limit of 10,000 USD, what are they afraid of?

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SatoshiSherpa

· 18h ago

I've seen this trap too many times, raising 130 million and still short on funds? There's a sense of desperation here, the Dutch Auction is just to let retail investors fight among themselves. Sealed bidding is a psychological game, and in the end, it's us small retail investors who suffer. A 10,000 dollar cap, haha, it's just afraid someone will mess up the market. The Airdrop will definitely shrink, I can bet a month's electricity bill on that.

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MoodFollowsPrice

· 18h ago

$130 million still can't choose food, this rhythm is indeed a bit absurd. I've seen this Dutch Auction trick many times, in the end, retail investors always get Rekt. Can this 10% really make a splash? I'm a bit skeptical. Is it that the foolish have too much money or is the capital chain tight? Judge for yourself. It's another sealed Bidding and another limit, full of traps, bro.

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SchrodingerWallet

· 18h ago

$130 million has been raised, yet there's still such a rush to play people for suckers, which really shows a lack of taste. The Dutch auction has been made so complicated; to put it bluntly, it's just afraid that retail investors will know the real price. The financing plan clearly shows that the project party itself lacks confidence. This round of airdrop probably won't even have the fate of gathering dust. It's already 2024, yet they're still using this old trick to fool people. 10% of the tokens are being dumped all at once; the rhythm is extraordinarily greedy.

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BlockchainNewbie

· 18h ago

Hi, this is another scheme to play people for suckers. They raised 130 million dollars and still want to pull this stunt, it cracks me up. They have enough financing but still want to pump retail investors in, I really don't understand this mentality. What happened to the Airdrop? It seems like even the soup won't be served. Dutch Auction? Sounds fancy, but in reality, it just means you guys are raising the price and getting caught up in it, truly absurd. I don't plan to participate from January 12-15, feels like I'm going to be harvested again. I've seen many projects like this, and the more money they have, the more eager they are to dump, it's really hard to understand, everyone.

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