What is Project Quantum?
Earlier this year, @LucaNetz hyped it as "a new financial instrument" and "the baby of Abstract".
How cute 🫠
The Pengu PFPs that still support this documented grifter and scammer should demand answers about this Project Quantum nonsense 🤡
I’m not surprised that Web2 companies like Nike and Starbucks ended their Web3 programs.
What’s truly sad is how many people trusted Luca and Cygaar, names with established reputations in Web3, and spent over a year pouring time and money into accumulating Abstract points and climbing tiers, only to end up with nothing.
For a chain that once had so much anticipation behind it, there were opportunities to shut the program down earlier or hold a TGE when market conditions were favorable. Instead, they waited until the money ran out to tell everyone there would be no TGE.
Luca had even discussed the expected TGE timeline multiple times, and shortly before the shutdown, team members were still telling people in Discord that the program wasn’t shutting down.
I sincerely hope they offer some form of compensation to everyone who participated in Abstract, based on their respective tiers.
@HyperliquidEco@extendedapp@extendedapp $XTEN is as close to a @HyperliquidX Season 3 cook that we will get this year - the whales simply must send this one hard or 2026 will be a total waste of time and money.
🚨🦍 MORE GREAT NEWS FOR THE JUNGLE! 🔥
We're excited to share another HUGE partnership update with our partners @VaultlingsNFT and @BankFiOfficial! 🤝
💰 10% OF ALL VAULTLINGS ROYALTIES WILL GO DIRECTLY INTO THE SAS STAKING POOL!
That's even MORE rewards flowing back to our Suited Ape holders! More partnerships, more utility, and more value being built for our community!
THE JUNGLE KEEPS GROWING AND WE'RE JUST GETTING STARTED! 🦍🍌🔥
#Robinhoodchain #robinhood #SuitUp
@sauciii — community leader. Accused of misleading the community and failing to apologize for project failures.
@DailaX — community leader. Criticized for misleading the community, failing to apologize for the project's closure, and subsequently promoting controversial gambling platforms.
The @AbstractChain team is a collection of the most rotten bastards in the crypto world.
@cygaar — a blockchain developer who knows absolutely nothing. 2 abandoned blockchains under his belt.
@RajPatel — Head of Abstract. Described as lacking necessary expertise and positioned to take responsibility if legal issues arise.
Some say that Abstract is "being responsible" by not launching a token with no pmf. But for years users spent real money on XP with the promise of a token. And these promises helped moon PENGU. Of which the team sold hundreds of millions of dollars worth. Compensate these people.
Andrew Wilson is the CEO and Chairman of EA, the man directly responsible for the axing of Mass Effect Studio BioWare and firing of 400 people across EA, 50 of those positions being at BioWare. You want a villain, it's this man.
Luca Netz made me lose faith in Web3.
I was on Abstract from day one. I never stopped believing because Luca was behind it, and I trusted his promises. I spent around $40–50K and dedicated nearly two years of my life to it.
We were promised a token. They kept our hopes alive until the very end, only to tell us we would receive nothing for the Xp we had earned.
After all that time, money, and trust, I feel scammed by @LucaNetz I won’t stay silent
Jack is acting like nothing happened, despite the fact that he stole your money, the $BALANCE token was rug pulled, and several of his NFTs followed suit, such as CREDITS and STATEMENTS
first @AbstractChain and @IglooInc abandoned us.
now the best of crypto are starting to speak out
war chest growing. creators mobilising. narrative spreading.
turns out the people you rugged can build things too.
and this time we own the upside.
$RECALL
Small update: UI refresh on https://t.co/xlvnIh94mx
The site is now faster and more responsive. We optimized a lot under the hood, improved efficiency and cut response times across the pages.
Give it a try.
I have a confession to make.
@LucaNetz paid me to give an HONEST review of Abstract Chain.
So, Luca Schnetzle, here it is.
You spent months:
- selling the dream of mass adoption
- encouraging users to farm XP
- developers to build projects
- communities to invest their time, money and trust
You even promised
Abstract would become the biggest L2 “by a Texas mile”
and publicly asked to be held ACCOUNTABLE!
And what did everyone get?
- shutdown
- tens of millions burned
- another Web3 SCAM
The biggest thing Abstract rugged wasn't a token
It was people's TRUST
And before anyone calls me a salty farmer:
I farmed ZERO XP
I invested ZERO dollars
I lost absolutely NOTHING
I simply believe Web3 deserves better than endless promises followed by excuses and money extraction
So Luca, I hope you enjoyed my honest review
Because HONESTY is exactly what your community deserves from you
- a full explanation
- real transparency
- actual accountability
You asked people to hold you accountable
Well, here we are🐧🤡
alignment with public companies via stock pairs is still extremely underrated.
At some point, the most sensible thing for public companies will be to distribute stocks directly to holders via tokenization.
One of the biggest metas we had with crypto-native airdrops was the idea that you could target blue-chip holders: Pudgy, Punks, ETH OGs, and later through Kaito’s InfoFi.
HODLing stock pairs on LONG is the cleanest way to signal alignment with the stock.
For public companies, there are a few angles here:
1. You can’t find a better ROI on marketing spend than handing out stocks. Even something like $10m to a highly legit group of holders who can coordinate and amplify bullish sentiment.
2. Tokenized stocks create a sink for that cost. Minting $10m worth of stocks will necessarily capture some portion in liquidity pools. So even if holders sell back a big portion of the drop, the net mint can easily be 50% of the initial amount, without including the pairs that holders might reinvest in.
3. This can help companies have high circulating supply at IPO while improving absorption of sell pressure. The holy grail for pre-IPO companies struggling to figure out their “TGE tokenomics.”
There are already precedents for this sort of thing, with Robinhood offering OpenAI shares and drops for users.
We are very early in a new alchemy of finance.
LONG.