It seems another project @AlloraNetwork manipulated its community before their mainnet :
not just this i found something strange with Allora token contract aaddress which was team
modifying the mint and burn process
Allo team minted almost 35million tokens in multiple small batches and burned 32.5million in return slowly adding net 2.5million additional supply without anyone noticing - all this being done in last 1-2 days
they can't be testing 1 day prior to mainnet launch on multiple exchanges and adding small batches of tokens (in millions) to total supply which is going straight to team wallets
and about incentives manipulation, they initially announced : 93million $ALLO to community for y4ppin, activities and other phases participation
now before listing on major exchanges :
only 681k $ALLO were sent to unique 167 wallet addresses (0.07%) and few crumbs to those y4pping
here is the list of wallet : https://t.co/Ti8jgyLuAA
leaves wondering where did the 92.3million $ALLO tokens that were meant for community distribution go - still no official info from the team side
launch will be cinema imo either crime pump or crime dump
The FUD on Allora is crazy 💀
“Allora announced 9.3% for the community that’s 93M tokens, all unlocked at TGE but it’s going to exchanges, yappers, and just 168 Forge users
Those 168 users are getting only 0.681M tokens, which is 0.73% of the reward pool”
Why do projects do this every-time? How hard is it to be genuine with your distribution? If you dont want to do an airdrop stop acting like you’re being FORCED.
Another unnecessary project fucking the community over and expecting POST TGE users.
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