We understand why projects leave, and it's not the projects' fault
@cosmoslabs_io is guilty for the exodus of projects from @CosmosEcosystem
Over the course of its first year of existence, speaking on behalf of @cosmos, Cosmos Labs told a ton of projects that we now have social-darwinism, and the strongest will survive, and that other projects will receive no support from Cosmos
Not only is this all nonsense, coz those who unite best will survive, as mutual aid is the most important factor in evolution. And so we see how weak humans, uniting with horses and dogs, have wiped out the strong mammoths from the evolutionary race
The most important point is that Cosmos Labs is not the entire Cosmos
Starting with the fact that Cosmos Labs' Voting Power is definitely less than @CosmostationVD, continuing with the fact that @interchain_io ICF failed to prevent the passage of a proposal about the community's lack of trust in ICF
After this, ICF allocated 20 million from its funds and handed it over to Skip Protocol (which became Cosmos Labs)
This raises two important points:
1) If the community doesn't trust ICF, then why do we trust Cosmos Labs (an ICF protégé)?
Cosmos Labs is the same ICF, just from a different perspective
2) Cosmos Labs' Voting Power is even lower than ICF's, as ICF long ago lost most of its ATOMs, and as a result, they were unable to counter the proposal about ICF's lack of trust. And Cosmos Labs doesn't spend ICF funds on increasing its Voting Power.
That is, Cosmos Labs cannot represent Cosmos' position; it can only speak for itself.
The problem is that other projects believe Cosmos Labs is the "leader of Cosmos," and whatever @0xMagmar says is taken as the position of the entire Cosmos Hub
No one would be against good leaders, but since the ICF declared Cosmos Labs the "leader of Cosmos," ATOM has been 3-4 times smaller
The best thing Cosmos Labs has come up with is convincing institutions to launch private blockchains on the Cosmos SDK. And Cosmos Labs' role in this is to explain to institutions how to use the Cosmos SDK, which is, roughly speaking, created at the expense of ATOM holders (if anyone doesn't understand how this is connected, we can explain it)
And there's nothing wrong with explaining to people how to launch blockchains on the Cosmos SDK. The Validator School @synctems has been doing this for three years...
It's just not clear what benefit this will bring to ATOM holders...
Cosmos Labs will gain fame and recognition, and maybe even get paid. But it won't be Cosmos Hub that gets paid, it will be Cosmos Labs!
Even if Cosmos Hub gets paid, for it to be beneficial for ATOM holders, they'd have to pay a lot, and pay regularly
Currently, a total of 272 million ATOMs are staked:
So, if institutions pay $272 million for an explanation of how to launch a blockchain using the free, open-source Cosmos SDK, each ATOM holder will receive $1 for each ATOM they stake. But it's a one-time payment. And who would pay that kind of money for training that costs $300 per person, especially on a regular basis, is simply impossible to imagine
In addition, hundreds of blockchains have already been launched on the Cosmos SDK, and among them are a ton of successful blockchains: @binance, @cronosapp, @injective, @noble_xyz - but this simply doesn't affect the price of ATOM
And if any bank or payment system launches a blockchain on the Cosmos SDK, it won't affect the price of ATOM.
Basically, the gist of the complaint is this:
- ICF, which the community doesn't trust, declares that Cosmos Labs is now the "leader of Cosmos," and ICF is washing its hands of it.
- Everyone hopes and expects Cosmos Labs (as true leaders) to lead Cosmos to a bright future.
- If ICF was simply cutting budgets, but at least doing something useful, then Cosmos Labs only made things worse: they stopped EVM implementation, froze payments for ISC development, promoted separatism and social Darwinism, thereby triggering a wave of Cosmos project exits, and generally tarnished Cosmos's reputation.
For conspiracy theorists:
Cosmos Labs is @jaekwon project to get everyone to turn away from @cosmoshub and switch to @_atomone 😅
And it would be funny if it weren't so sad...
While communicating with the ICF was nearly impossible - they simply ignored any requests that weren't in their best interests. They didn't take on the role of Cosmos's leaders, simply being "one of the foundations that helps development"
While communicating with Jae Kwon and Atom One is easy, and they're very approachable, which draws attention to Atom One, communicating with Cosmos Labs is a pain
We've yet to meet anyone who said they enjoyed communicating with Cosmos Labs
Everyone I spoke with said that communicating with Cosmos Labs is difficult, that they're aggressive, and that they act arrogant
We can confirm: Cosmos Labs has surprisingly low soft skills. All our attempts to make friendship and develop Cosmos together were met with callous negativity
It feels like these people don't understand friendship, cooperation, or mutual assistance... They're not responsible. It's best not to take their word for it; they don't keep it
What can we take away from this?
1) Stop thinking that Cosmos is crap just because Cosmos Labs claims to be a leader.
Cosmos ≠ Cosmos Labs
If you don't like Cosmos Labs, that doesn't mean Cosmos is crap
And the fact that you don't like Cosmos Labs is a completely natural reaction of a healthy person; you're not alone; almost everyone feels the same way. The only people who won't tell you Cosmos Labs is crap are the people who receive funds directly from Cosmos Labs, and there aren't many of them
2) Stop believing that Cosmos Labs are some kind of leaders who want to make Cosmos Hub better
Cosmos Labs' opinion ≠ Cosmos' opinion.
They don't take any actions in the interests of Cosmos Hub or ATOM holders
They pursue the interests of their small, centralized group, and what they say on behalf of Cosmos is a ridiculous mistake.
3) Stop thinking that Cosmos is unsaveable. Cosmos has every chance of success if we stop believing in the previous two points and take on the development of Cosmos, ignoring the existence of Cosmos Labs.
Or at least delegate this responsibility to those who want to develop Cosmos
This is our vision of how we can resurect Cosmos, and we will be pleased for a feedback:
https://t.co/ry3Xwj3O3Q
MATTLE Public Sale – Official Launch
The Public Sale will officially start on October 6
Time: Oct 6, 8 AM UTC
Purchase range: 50 – 5000 USDC
Vesting: 100% unlocked at TGE
More 👇
$MATTLE Public Sale is coming soon!
We’re opening the sale to everyone, with exclusive discounts for our most loyal community members.
Time: Early October
More details 👇
Mattle Run Seeker Season
To amplify Seeker Season from Solana and celebrate our Grand Prize at the @SolanaMobile Hackathon, Mattle Run Season 6 is named Seeker Season.
Reward pool: $10,000 — the exact prize we won, now fully given back to the community!
Details👇
Want to grind more on https://t.co/lEttvqiECE?
You asked, we deliver. The new NFT mint is LIVE, and it comes with more points!
Mint the GWAY GEM NFT, unlock 6,000 bonus points, and boost your position on the leaderboard!
Mint now at: https://t.co/aVtXWzPHvH
And remember... NFTs matter.
No matter the market, Gateway is cooking.
Over 225k legends on the waitlist.
It was fast.
If you didn’t sign up yet, no worries, you are still early.
Do it now: https://t.co/HsMMRvwVpn
I just joined the RuneMine public sale whitelist, use my referral link to have an extra chance to win an allocation!
https://t.co/6Pzg3KazLq #MINE#SOL#SLIM#USDC через @solanium_io
Exciting news! 🎉
Whitelist application for $MINE @minelabs_ is now LIVE! 🚨
Get in early with the Wormhole of Bitcoin, seamlessly connecting Bitcoin mainnet to Solana, Bitcoin L2s, and beyond!
🔗 Apply here ⬇️
https://t.co/4G8u8JxbNK
Orbiter Testnet Madness: $1M in OBT Prize Pool
Bridge at least 1 TX daily to @monad_xyz, @0G_labs, @Celo, @SuiNetwork, @movementlabsxyz, @StoryProtocol, @vana, @EclipseFND testnets and share $1M USDT in OBT.
Duration: Mar 8 - Mar 13, UTC
Join now👉 https://t.co/RAGuvllDi7
Get faucet 👉 https://t.co/tTF3BB9Oua
Boost your alpha on the hottest US-aligned testnets with Orbiter Finance.
Ready to level up on GWAY?
Mint the GWAY Brain NFT, unlock 5,000 bonus points, and boost your presence on the leaderboard!
Mint now at: https://t.co/DZHX5JzAGb
Grind more, win more.
https://t.co/HsMMRvxteV waitlist is LIVE.
The deal is simple. Sign up on https://t.co/HsMMRvxteV and grind.
Join now: https://t.co/DZHX5JA8vJ
Complete the tasks to get a piece of the GWAY cake.
Dear @dymension team
I have been staking your token $DYM since genesis, demonstrating my deep commitment to your project. However, I am truly disappointed with the current state of community engagement and communication.
Lack of Community Engagement
There is no feedback, support, or clear communication with the community.
Who manages your social media? Who is responsible for community relations? This is an absolute disaster.
Mustafa @musalbas actively promotes @dymension team, Celestia @celestia , reposts content, and supports the project in every way.
Where is your responsibility toward dedicated supporters like him?
Misleading Promotions and Poor Crisis Management
For two days, a rollup @dymwizards unrelated to you, featuring AI-generated artwork and an unorganized mint, has caused confusion and frustration.
You have been reposting their content without clarifying that it is not your genesis collection, leading to potential scams. Only after community backlash did you finally post a clarification—when it was already too late.
Damaging Reputation
After two failed rollups, your reputation is already suffering.
Your actions are only making things worse, alienating even your most loyal supporters.
Why such blatant disregard for your community?
How do you expect to build lasting relationships with this approach?
Even those already involved in the project will start leaving if this continues.
Please take these concerns seriously before it’s too late.
@shaolin_flow@yishayRL
📣 $BETAI IDO Update
At Solanium, we're committed to protecting our community and maintaining professionalism with our partnerships. Following the $BETAI IDO, we want to provide clarity on the situation and the steps we’re taking to prioritize fairness and uphold our values.
While $BETAI price technically traded above the IDO price 24 hours after TGE, there were concerns about the price movement which invalidated Solanium Shield’s refund policy. We've addressed this directly with their team but unfortunately, they have chosen not to refund Solanium IDO participants and have demanded the full raised funds from the sale.
We are currently taking proactive steps which includes introducing measures to prevent similar situations in the future.
As a launchpad that values professionalism, we will honour our contract with them and transfer the raised funds, even under these conditions.
However, we have also decided to refund eligible participants directly from our treasury in $SLIM tokens to ensure fairness and trust. Refunds will be done within 72 hours and automatically airdropped in user wallets.
Refund Eligibility
Refunds will be issued to users who meet both the following conditions:
1. Participated in the $BETAI IDO and are staking SLIM.
2. Did not sell/move their $BETAI tokens within the first 24 hours after TGE.
On top of that, eligible users will still keep their $BETAI tokens, guaranteeing a net profit for eligible participants.
This is a unique, one-off decision made under specific circumstances and does not set a precedent.
For participants who did not qualify for the refund, we encourage you to consider staking $SLIM, not just to gain access to opportunities, but also to be better protected when such unexpected situation arises.
New Refund Policy
Starting February 1, all IDOs on Solanium will adopt a new refund policy, as shared in our Platform Updates ⬇️
https://t.co/tuOpVECHQQ
This policy will allow participants to request a refund within a 72-hour window or claim their tokens, ensuring more clarity and flexibility while protecting users from potential market risks.
All these decisions reflect our unwavering commitment to our community while maintaining professionalism in our partnerships. We appreciate your trust as we continue strengthen our processes and build a thriving ecosystem.