⚠️ $SPACE @intodotspace soft rugged the community : proof attached
- space is next trove ?
- $16M scam to the community under the name of presale
1️⃣ Narrative switching:
• Initially positioned as a gaming project (UFO Gaming)
• Later pivoted to prediction markets just to ride the new meta
• No clear explanation for the pivot, no shipped product
2️⃣ Fundraising before any product:
• Raised ~$3M from VC's
• Announced a $2.5M public presale
• After oversubscription, silently increased the raise to ~$14M (~20% supply) → Community was never informed in advance
Total funding ≈ $17M (without product live)
Even T-1 projects don’t raise this much at day zero without delivery.
3️⃣ Hype over substance:
• Heavy focus on website + UI/UX to attract retail
• No public beta
• No private beta
• No real product validation
Just presale hype.
4️⃣ Questionable strategy:
• Selling token on Solana
• But already acquired $SPACE ticker on Hyperliquid
Why prepare perp infra before shipping the core product?
5️⃣ Paid promotion:
• KOL's were paid to tweet and maintain hype
• Organic demand was manufactured to maximize presale inflow
6️⃣ Refund issue:
• No clear timeline, no transparent communication
7️⃣ Red flag transaction :
• ~$200K of community presale funds transferred to Binance
• This happened before users were refunded
• And The space already have 1st token "UFO" is already listed and down ~99%, and instead of fixing or delivering value there, the team is now pushing a new token launch without product.
Looks like team profit booking using community funds.
8️⃣ Product sustainability:
• If they launch a perp prediction market, chances of long-term survival in crypto are <1%
• This vertical is brutally competitive and capital-inefficient
Feels more like hype extraction than a conviction build.
Many ask: “Why didn’t you warn earlier?”
My rule is simple:
- If I don’t update on a project, don’t invest.
If you want deep analysis before investing:
- Tell me which presale/project & I’ll break it down transparently for everyone
Community > hype.
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