Doomed

Identical to None

[AX1 @ax1vc]

Urgent proposal to acquire @THORChain and provide assistance to the holders and creditors.

As the protocol serves as an open-source community-driven, true Web3 building project, this proposal will be transparent and accessible to the public.

Unfortunately, we are witnessing the gradual decline of what was once a promising project.

Instead of achieving great results and hitting a new ATH, the community was blindsided by $200M in toxic frozen loans, facilitated without any warning and made possible through the use of an admin key.

Rather than concentrating on building Rune, the founder is pursuing nine different projects, leading to unclear strategies that raise numerous questions.

WeWe / Deca Swap / Vultisig / WeWe Swap / Thor / Ruji / Vamp / YIELDI / TraitForge

To prevent the current crisis, @jpthor needed to raise the large VC round by $50-100M, work on regulatory compliance, secure appropriate US network, and focus on @THORChain achieving 50-60% market fit along with Round C funding.

Unfortunately, the project currently lacks any backers. In fact, the bank run has not yet started, but if it does, an amount between $5-10M could lead to a collapse in price similar to what happened in the Luna case.

I understand that many supporters of the project are holding onto hope for a miraculous turnaround.
"That's it, that's it, yes, that's it tomorrow." However, it's often more prudent to analyze the facts, figures, and current situation.

Holders of the project are being misled, creditors are experiencing years of delays, and the founder is engaged in unclear schemes:

https://t.co/zFaC29a3Da

The entire Thorchain ecosystem relies heavily on the generosity of @TrustWallet, who are outstanding builders and the largest provider.

Previously, it was difficult to envision major new integrations for Rune. However, following recent events, we can only hope for a miracle.

Meanwhile, competitors are actively seeking to penetrate the remaining top sites, and those sites themselves are considering hybrid models (like Exodus, which is incorporating a CEX component and plans further refinements).

If @TrustWallet eventually decides to halt integrations or redirects volumes to a competing provider, we can only imagine the impact this would have on the price of Rune and the assets of its lenders.

At the same time, @TrustWallet demonstrates the potential for scaling, having nearly surpassed the 200M user mark and achieving a MAU count comparable to top-tier fintech like NuBank, all while maintaining a solid reputation and avoiding big management issues.

Our proposal is straightforward.
We're offering a syndicated deal in which:

1) Trust Wallet will acquire THORChain (let’s set aside discussions about decentralization for now; particularly when you understand the details and nuances involved).

2) Funds will be disbursed to creditors immediately, financed by a pool of VCs led by YZi Labs (formerly @BinanceLabs).

3) @EowynChen will assume the role of CEO for both companies.

4) Rune -> TWT.

5) A portion of the protocol's revenue will be allocated to marketing support for the unified on-chain asset (with genuine marketing efforts, not painted Cybertruck).

Results:
a) Creditors will receive an instant refund with interest.
b) Former RUNE holders will have a new asset that will consistently benefit from the protocol’s revenue, without relying on complex schemes.
c) TWT and Trust holders will see strengthened valuations and multiples.
d) Current contributors to the Thorchain protocol will receive bonuses, enjoy a stable future, and have the opportunity to safely develop the leading web3 product.
e) Support from the family office of @cz_binance.

Ultimately, this initiative will create the most reliable on-chain wallet with a swap provider in the industry.

[AX1 @ax1vc]

Attention to all holders of @THORChain and partners in this project.

As you may know, the founder of this remarkable (no irony intended) protocol, @jpthor, is also a Co-founder of several other projects he is attempting to launch.

You may already be aware of the situation regarding the withdrawal of funds from the treasury of @weweonbase, which led to the project collapsing and subsequently disappearing from the founder's X bio.

However, you might not know that even more questionable activities are occurring around the @vultisig project.

Notably, the link to the team and bakers section has changed its name: https://t.co/hGSg8pmwLC

The team members listed there have vanished, and some investors have been removed as well.

Some team members were returned to the site last night after management learned that we would release the post.

There are concerns that the project's funds may be used to cover deficits from issues with Rune lending, where clients' funds were frozen.

This suspicion is supported by several indirect indicators, such as their C-level executives trying to persuade everyone to invest in a Seed round that has already concluded, behaving in a rather childish manner.

We make an urgent request to anyone involved in @jpthor ecosystem projects: be aware of the potential risks stemming from these strange developments.

While we are not outright claiming that fraud is taking place, the current situation bears similarities to the Luna / SBF stories, which obviously collapsed like a house of cards.

Please mention in your reply everyone who could potentially be victims.
Additionally, share with us all the information that you have (DM).

[Doomed @ForgottenDoomed]

@jpthor @AutisticSpartan @SliceTank @BanktoCrypto ...and to start with lowering the price of Thor to zero?

JP come on! You are well aware that you are destroying a capital of thousands and thousands of people with such tweets.

Please explain if there is something I don't see behind the obvious...

[Doomed @ForgottenDoomed]

@elonmusk, new @Hot_Wheels series?😁 Cool!

[Doomed @ForgottenDoomed]

@WorldOfPumpKins @jpthor @weweonbase @weweswap Original glasses🥸

[Doomed @ForgottenDoomed]

@weweonbase

[Doomed @ForgottenDoomed]

@xwg_games @binance LoL
"...has been nominated")))))
Every peace of shit can get there!
U're scammers! Not more! Not the nominees!

[Doomed @ForgottenDoomed]

@xwg_games @playtoearn_net What!?!? Really!? LoL

[R K @BlockchainR_K]

🫡 #THORSwap #SwapKit #THOR

[Doomed @ForgottenDoomed]

@dtakaytekin @edwin_xwg @edwin_xwg what is going on with XWG project?!

[Doomed @ForgottenDoomed]

😁

[Star Atlas @staratlas]

⪛⦿⫺ Announcing Never Alone ⪛⦿⫺

A Social Campaign for this year, where you can find Star Atlas loot by collecting the Punaab Saand’s lost memories!

https://t.co/g7clLku3K0

Read on to learn more!

#SANeverAlone #SAMission1

🧵1/7 👇

[Barsee 🐶 @heyBarsee]

The new ChatGPT Code Interpreter is seriously amazing.

This is another big recent AI launch that will change everything.

Here are 10 of the most useful examples so far👇🧵

[Doomed @ForgottenDoomed]

@xwg_games @Metopia_xyz LoL
New DAO
Old does not work at all!
Clowns!

[Doomed @ForgottenDoomed]

Interesting analytics of USDT usage

https://t.co/sL6TfzSmN2

[TrustWallet中文 @trustwalletzh]

迎新春，送💙意

Trust Wallet团队向您拜年了！🙏

免费领取您的专属🐰年NFT🎁，迎接新年好运！

只需按照以下链接
1⃣使用 #TrustWallet 的WalletConnect连接Galxe
2⃣ 完成以下任务👇
https://t.co/klOlHqe1z5

[Doomed @ForgottenDoomed]

@Titans_ventures @xwg_games @0x21_labs @BTX_Capital @ChainCapital666 @binance @AU21Capital @AvStarCapital @KyrosVentures @CryptoDiffer @ItsBlockchain @WuBlockchain @BSCNews @BNBCHAIN If they have no money to return 50k usd, what we can expect from them at all.
50% of staff already fired. Amazing unprofessionals!!!

[Doomed @ForgottenDoomed]

@Titans_ventures @xwg_games @0x21_labs @BTX_Capital @ChainCapital666 @binance @AU21Capital @AvStarCapital @KyrosVentures @CryptoDiffer @ItsBlockchain @WuBlockchain @BSCNews @BNBCHAIN 50000? ...pff
I rekt in this shit with 3x of your investment. Why am I still not on investors page of xwg site?!

[Doomed @ForgottenDoomed]

@xwg_games @ABGAasia Really?🤣🤣🤣