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So @gensynai refund window is live.
Many people are confused about a few things, so let me clarify :-
1. Refund will not change the official clearing price (FDV) :
Team said that the FDV or clearing price remains the same. But when people refund, the same amount will distributed to rest so you get more tokens for the same commitment. So your effective FDV reduces at an individual level, but public ~ on paper FDV stays unchanged.
Simple math & common sense.
You can calculate your effective FDV by:
"Your committed funds รท Your final total tokens received x total supply"
2. Refund distribution :
Most of the refunded amount will likely come from the last minute manipulators who entered just to affect the Polymarket odds.
So donโt expect any major increase in Testnet allocations because๐๐ป
โข Sale pool only goes to sale participants
โข Testnet pool only go to Testnet users
Testers / node runners wonโt take refunds much, so donโt expect a major change in Testnet rewards.
Sale allocation may adjust slightly but even that will be small if they distribute proportionally.
3. Numbers so far :
Total raise was $16.14M, now around $13.3M after refunds.
So approx $2.8M refunded already. Refund window is open till 9 Jan - letโs see the final number.
Summary :
> Your token allocation will increase
> Your effective clearing price (FDV) decreases at individual level
> But the increase wonโt be huge
> Because most Testnet users wonโt refund
> So only slight change overall
The only remaining confusion is whether the additional tokens will be redistributed equally or proportionally. Letโs hope the team clarifies this soon.
๐ซก
Now every projectโs playbook:
> project Launch a testnet and promise โincentivesโ to attract users.
> community jumps in โ traction grows.
> with that fake hype, project raises millions from VC's - without even having a real product.
> by this point, 50% of their job is done - theyโve got the money from VC's and attention.
> then comes TGE and they quietly forget every promise they made to the community.
> no transparency, no clarity - just price manipulation at TGE to earn money from perp.
So basically, these projects are making money from VC's + Market Makers + Their Own Token.
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๐ Insane: $XPL @PlasmaFDN did 16x from presale with 100% unlock at TGE.
Should I Share Presale Projects ?
If Yes, Then I'll share a 95% risk-free project with you, but you have to do your own research on it - Don't trust on me fully.
Rn, TGE Season..๐ฅ
๐จ @0G_labs $OG is next $OM : Be-Aware
Letโs dive into it ๐
We all know why $OM went -99% (Scam):
- No transparency with community
- They promised airdrop -> later made users ineligible
- Shady Tokenomics, updated many times later
- Defending right people.
_____
Now 0g team doing the same & CEO @michaelh_0g are also defending :
- No transparency (~4% supply for airdrops, no article & clarity related to it & just said it's โeligible criteriaโ - but where the supply gone)
- Tokenomics updated(changed).
- Clearly promised storage node runners will get allocation at TGE -> now gave peanut money (while users invested $50-100 + months of effort - both wasted).
- Galxe users eligible, but allocation was hidden (otherwise, users wouldn't done kyc if they saw 2-4 token allocation)
- Users did kyc just for 10-15$ airdrop (peanut), seriously.
- Users were eligible before they did kyc after eligibility, now they're not
- Over 20% users were eligible, so they did KYC, but now marked "Not Eligible".
_____
๐ฏ Fact: Those contributing from last 4-6 months got peanuts, while outsiders like Binance users got 2.5% allocation (they don't even know about the project)
๐คNow, Why I gave this project as alpha?
- Because I never drop alpha project based on funding, I choose utility, uniqueness, underfarmed opportunities & many more points too, But yes, My Alpha Project get rekt.
๐ถ But truth is: they used the community (Nodes, Testnet, Galxe, engagement) for hype & then threw them under the bus, Now when users ask, they ignore or defend.
Reality check:
- Your project grew because of the community only.
- The same community can tear it down
- Stop hiding, be transparent, or lose all trust
๐ก Conclusion:
$OG is walking on the same path of $OM : not today, but soon price will went like $OM . So, Beaware Before Buying.
What happens when you put governance to the test?
On zkVerify testnet, a proposal titled โCan I buy a Lambo with Treasury Money?โ passed with 62% approval ๐๐จ
Mainnet Month is in full swing ๐
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