๐จ $4.4M Pure Scammed by $OG @0G_Foundation & @michaelh_0g !!
Earlier, They announced a $5M airdrop distribution.
On-chain reality? Barely $500K is distributed till now.
Letโs do the math:
๐Storage Node Runners: 10k+ users, but only 60-65% got 6โ11 $OG allocation
โคท Let's take Max 6,500 users * 8.5 Avg $OG Allocation = 55,250 $0G
โคท 2 days ago $0G trading at $3.5 -> 55,250 * $3.5 = ~$194,000
๐ Validator, DA, KV nodes: ~500 nodes, avg 220 $0G each
โคท 500 * 220 = 1,10,000 $0G
โคท 1,10,000 * $3.5 = $385,000
โ Total on-chain distributed: ~$194,000 + $385,000 = ~$579,000
--------
So, where did the rest ~$4.4M go? (Scammed right?)
โ I asked founder @michaelh_0g multiple times for proof.
โ If itโs not a scam then just show us txn's links, Nothing else. But his response?
โAsk foundationโ ๐คก
Wait what... Foundation is theirs and we (the community) are told to โask foundationโ? Seriously?
Till now -> 0 proof shared by them.
Community is demanding transparency, but instead:
โ Anyone who questions is labeled FUDDER or bot account.
โ Deflections, excuses & finally the block button (classic scammer move, lol)
โ After raising voice for community & asking aggressively for the proofs, @michaelh_0g finally blocked me & this shows how they're ignoring the transparency & proving this is nothing but a SCAM.
But another question is this how a โfounderโ behaves?
โ This is not a clash of opinions.
โ This is about transparency,fairness & accountability.
Until on-chain proof is shared, the $4.5M is missing and the community is being openly scammed.
First $OM, now $OG.
Karma always hit back.
๐๐ก๐ข๐ฌ ๐ข๐ฌ ๐ฆ๐ฒ ๐ฌ๐๐๐จ๐ง๐ ๐ฅ๐๐ฌ๐ญ ๐ฉ๐จ๐ฌ๐ญ ๐๐๐จ๐ฎ๐ญ @0G_labs
Iโll soon drop my final post, sharing a screenshot of this scam projectโs downfall. Yes, you heard it right itโs going to happen soon.
So letโs counter all their arguments against the community one by one.
๐๐ฅ๐จ๐ฐ๐ง ๐๐จ ๐: @michaelh_0g ๐คก
He is the CEO of the project, but after checking his tweets, I get a suspicious feeling. I mean, he doesnโt even know what his own foundation @0G_Foundation, is doing.
When @Gautamguptagg asked him, โJust give me the Txn link where you sent $5Mโ, he replied: โAsk the foundation.โ
Bruh, the main motto of blockchain is decentralization.
Weโre not asking you for money, we just need transparency and accountability.
Weโre not asking you to double our VPS costs and pay us, weโre asking how you determine allocation, what the criteria are.
๐ ๐ฎ๐ง๐๐ข๐ง๐ ๐ฌ๐๐๐ฆ
They used to say 0G Labs raised $325 million in funding, but you need to understand that of the $325 million, $250 million was a token purchase commitment.
This means they did not have $250 million in the bank; they just received a promise that investors would buy their tokens for $250 million later.
I hope you understand how they went for false marketing.
๐๐จ๐ฐ ๐ฅ๐๐ญโ๐ฌ ๐ญ๐๐ฅ๐ค ๐๐๐จ๐ฎ๐ญ ๐ฌ๐ญ๐จ๐ซ๐๐ ๐ ๐ง๐จ๐๐ ๐ซ๐ฎ๐ง๐ง๐๐ซ๐ฌ.
Website to check all storage node runner wallet addresses: https://t.co/lChWSCEpX9
To check their allocation, just paste the address here: https://t.co/SEu60FkIvR
The address from where we get our so-called โpeanutโ reward :
0xB03e8e11730228c2d03270bCD1Ab57818D7B6D8c
Rank 1 miner but gets only 77 0G thatโs about $270 in revenue.
address
0x4eB9cD69808FE68de1F0154DE37B209c55C06042
My rank is under 3000 with a mining reward of 0.3 0G and for this I spend $80 on a GPU-based VPS.
The rank 1 mining reward is 114 0G.
I hope you understand what Iโm trying to say.
All those top 1000 miner rank holders spend more than $100 to 1000$, get rewards like $100 - $300 and theyโre mocking us, calling us e-beggars and bots.
They combined storage node rewards with the testnet reward pool LOL and even scammed on that also.
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฆ๐๐ข๐ง ๐๐ฎ๐ฅ๐ฉ๐ซ๐ข๐ญ?
Its either their team who were making fool to all community and investor or its their investor and team decision to get some $$ from community allocation.
As a community what we can do ? just keep posting about their scam so that no one can buy their token and investor get alert.
Remember what happen with @Starknet@MANTRA_Chain
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