Sharing thoughts on trust and promises in Crypto
After more than 2 seasons struggling with the market, I was once fascinated by the AMAs and podcasts of developers. They spoke well, provided sharp analyses, and promised that their products would 'revolutionize' the industry... And then, I had to swallow quite a few bitter fruits just because I trusted those promises too much.
Here are some memorable examples:
- Backwoods: Promised TGE in Q4/2024, then said 'a few weeks later' in Q1/2025, but now it seems they have... disappeared.
- The Beacon: Once promised to release the full game and TGE in Q4/2025, at the latest Q1/2025. Now there's no sign of it.
- Tribester (Ronin): Similar case. Promised a lot, but the results... you know what I mean.
- Phaver: An application belonging to the Lens ecosystem, the developer went on an AMA promising about 'the social app revolution' and then after TGE, the token was split up, and they have now publicly ceased operations.
- Movement: Former CEO Rushi appeared on Decypher's podcast sharing exciting insights about Ripple, Cardano, and how to build sustainable projects. Who would have thought he would later be accused of manipulation and get fired.
- Linea, Eclipse, Lens, Gomble,...: Promised airdrops, grand TGE, but then continuously delayed...