BLESS NETWORK - SCAM or NOT???
Recording a surge of over 300%, from a low of 0.035 USDT to a peak of 0.10855 USDT, Bless has made a rather impressive debut. This indicates significant interest and trust from the community. So, what is Bless, and does this growth signal potential as DEPIN heats up again?
Simply put, Bless is a network that allows anyone to share idle computing resources (CPU, GPU) to provide computational power for AI, machine learning, and similar tasks. Contributors are rewarded with $BLESS tokens. Essentially, it turns millions of personal devices into a global "supercomputer." With current metrics:
Market Cap (MKC): $145.44M and Fully Diluted Valuation (FDV): $790M, compared to IO.NET’s MKC of $114M and FDV of $446M,
Bless is among the largest DEPIN projects, doubling the value of its competitor that once dominated the DEPIN market.
But do these market metrics truly reflect the project’s value? From what I’ve gathered, things may not be as rosy as they seem. Bless has faced significant backlash from the airdrop community. While Bless heavily emphasized the importance of Node Runners with lofty promises, over 90% of participants were later deemed ineligible. Additionally, the tokens allocated to eligible Node Runners were locked for 24 hours post-TGE, while Binance Alpha users profited by selling their tokens, highlighting a lack of transparency and fairness.
In my view, the current market metrics are inflated compared to the project’s actual value. Coupled with the negative sentiment from Node Runners, this could lead to a massive token sell-off, causing significant price volatility.
Therefore, at this time, investors should proceed with caution, avoid FOMO, and refrain from considering long-term holding
