🚨 3rd #Scam Project of This Month $RECALL @recallnet !!
Another project that betrayed its community right before TGE.
They raised $39.5M from top VCs like Coinbase, Multicoin Capital, Consensys & others , But when it came to rewarding the real community, they changed the tokenomics at end moment.
→ Promised 10% airdrop will be unlocked at TGE.
→ Now quietly edited docs & introduced “Conviction Staking” (a fancy word for vesting).
→ To get full tokens, you must lock & stake for 12 months.
→ If you don’t stake, you only get 10% unlocked, rest 90% goes back to team pool.
They’re calling it “not vesting” but your tokens are literally locked & non-transferable And the staking rewards won’t even cover gas fees which is given for farming points.
People spent months doing tasks, joining spaces, verifying IDs, and even paying $3–$6 for Gitcoin points, Now most of users are getting 70 tokens worth $7–$20, with only 10% actually claimable
That’s not reward, that’s SCAM.
→ Why change tokenomics 3 days before TGE?
→ Why hide it behind woods like “Conviction Staking”?
→ Why betray the community that made you trend?
Looks like they’re trying to satisfy Binance Alpha listing by cutting community supply.
Pure manipulation.
Projects can raise millions, but if you cheat your early contributors & farmers then you'll lose everything.
This isn’t alignment.
This isn’t conviction.
This is a SCAM.
Community remembers & if you still don't change it, you will see what community means.