So @USDai_Official gave 1.6% of ethereum:0x0c1c1c109fe34733fca54b82d7b46b75cfb71f6e token supply for 8 months of airdrop farming. Farmers (including me) are very unhappy. Where does the disappointment come from?
- Initially they communicated the airdrop would be “up to 10%”
- Final % would be shared towards the end of the season
- They created an unofficial webpage to estimate farming returns. On that page, default allocation was 3% and it wasn’t even possible to adjust below 2%
- Chip token performance was pretty bad during most times of the farming window, multiple weeks even below ICO price
- Yesterday team communicated 2.25% which was already a huge disappointment. Today the specified that a part of this portion will be allocated to partners, which were not part of the Allo game
- Fundamentals showed moderate growth, some pivots, scaling/PMF not finally confirmed
There is a great thing called under promising and over delivering. Team clearly hasn’t heard of this. Very poor expectation management. YT farmers contributed heavily to bootstrapping tge protocol and did not get rewarded properly for the risks we took. I will take some days to sort my thoughts out and decide if I will continue supporting this project
Narratives and product idea still great though
My Zipcoin got absolutely obliterated by some weak mfers.
But despite the brutal price action, my timeline is still full of people posting about ethereum:0x4e67db19044549ff420860834c91b45bad298722.
People are still here. Still believing. Team is building.
There is something special about this coin.