$EDGE is currently being crimed up
They made around $200M from the fees and airdropped most of the supply to themselves, so I guess still higher
Funny that it already flipped Lighter in circulating mcap and likely gonna continue at least for some time
I was offline for 3 days and feel like it's been 3 months
GM
“The @CFTC will no longer sit idly by while overzealous state governments undermine the agency’s exclusive jurisdiction over these markets by seeking to establish statewide prohibitions on these exciting products.” - @ChairmanSelig
@fantasy_top_ Mr @visavi_eth wrote a great post https://t.co/1FDTy8tZlb but you even didn't respond. VC investment means that they get a % of tokens with a lock-up period. And 90% investments will fail, and VCs know about this. Did VCs already get their money from from the treasury 2160 ETH?
The only thing I fully agree on with the crowd that kicked off this multi‑day fud is that withdrawing money from the treasury at the point when it’s obvious the protocol is failing is unethical and wrong. Given that there is some reserve of funds (I’m not sure there is) that came from investors, it’s obvious that it should have been those funds used to pay the team, the founders, and infrastructure costs — one way or another, that’s precisely what “investment” is about. Investment is a risky bet on a project, and if it fails, it’s that bet (and not the treasury, which is part of the in‑game model/economy) that should “lose.”
Yes, the work of the creators for the “idea,” its support, and its implementation should be paid for. But the burden of that payment lies with the investors.
The team should have realized its equity through the FAN token, and the token should have been issued once a successful game model/economy was created.
But I won’t miss the opportunity to talk about the manipulations on the players’ side, which turned into a full‑on disinformation campaign: “the devs ran away with 15M” / “the devs are sitting on 15M” — there is no 15M. Most of the money raised during the initial mania has been distributed among players in tournaments (2160 ETH). The withdrawal we saw amounted to 655 ETH. And it shouldn’t have happened, yes.
On all the other points, I have a lot to say to those who can’t see the forest for the trees.