Today has been a sad day for $SEI
But I believe this can mark a positive trend in the long term
WHAT HAPPENED? 👀
Slurpverse, a project that was being followed by a large part of the community
Hard rugged today💀
And its founder, a person who had been in the ecosystem for months, has also disappeared
THE REASONS⚰️
This failure was not a coincidence and contrary to what some people think
It was not the fault of a secret group or a single individual
This fall had been predicted for days
At first, everything was happiness, people were happy, the founder preached that his only purpose was to bring liquidity to the ecosystem
But like at home, when you sweep all the dirt under the carpet, it eventually comes out
The community began to ask questions (past rugs in ETH and BTC) that its founder did not want/was unable to resolve
And then, the price
That damn price
You want to attract more liquidity but set the Mint Price at 60 $SEI?
That day you doomed your project
All that liquidity for what?
At that moment we didn't even know what utilities or direction the project would have
(This information was given for the first time less than 24 hours before the mint in the form of a simple tweet...)
RECAP📝
- Suspicious activities before
- Lack of transparency
- Lack of direction
- Excessive mint price
The result?
Less than 200 NFTs sold, then we went to free mint and in less than 2 hours, RUG
I feel sorry for those who bought on secondary and especially for those who minted
MY CONCLUSION🎯
This is sad
But this has not been the fault of SEI being dead, nor of supposed cult groups, or that a content creator has spread FUD
This has been sought by the founder himself
Want to launch on SEI?
I guarantee you that if you are transparent, contribute to the community, and have a minimum idea of market analysis
The community will support you back
Some examples:
• @GrapesSEI wanted to bring more people to SEI, they did it as a FREE mint
• @FudFoxes built tools and utilities before launch, was a FREE mint too
• @CappysNFT put eyes in the ecosystem with banger brand and videos
• @GhostyChat changed its supply to respect market conditions and added value before mint
SEI has to continue growing
But not by feeding on false illusions, rugs, and toxicity
Let's make this a strong and safe community
Bullish on all of us who fight to achieve this goal
Bullish on real builders
Bullish on SEI❤️
Union_SEI x @GrapesSEI
🤝Our collaborations may have ended, but for good builders, there will always be spaces. Welcome Grapes community.
Let's make Union unique! #SEI#SeiNetwork
I love giving back to the community and have ran multiple giveaways. Time to run it back! 🫶
One lucky winner will be on-boarded into @seitoshi_nft !
Follow @seitoshi_nft @M5rzk
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Tag 3 frens!
YOU HAVE 48 HOURS!! 🚨🚨🚨
Season 1 is now live! Let's level up together.
https://t.co/cAaxMPRPCT
Level up your players over time by training them, and complete daily quests for more experience. Watch as your customizable player transforms to reflect your unique identity as you level up.
You might be wondering what is Fud Foxes apart from the tools they've made. What else are they gonna do?
Well, we want to say something. We've already made our first revenue from our product and not from mint or royalties.
Foxes do business.