$OM collapse: a lesson we cannot ignore in the crypto ecosystem
What has happened with $OM should not happen again, but the reality is that it will continue to occur as long as there is no more education and awareness within the ecosystem. The fall of these types of projects highlights a great need: to learn to read smart contracts, identify warning signs, and understand the real dynamics behind many empty promises.
Not everything that glitters is gold, and in blockchain, that is multiplied. Many projects disguise themselves as innovation when in reality they are generic Ponzi schemes, recycled, with a Web3 narrative, but with the same old structure: new entries paying old exits. Sooner or later, they collapse. And with them, more than money is lost: trust is lost.
This is not only the fault of those who create these schemes but also of us as a community for not questioning, for not investigating, for letting ourselves be carried away by excitement and the promise of quick profits.
Blockchain is transparency. But if we do not know how to read what is in front of our eyes —like smart contracts, tokenomics, or main wallets— then it does not matter how transparent it is, we will remain blind.
We need more education, more critical thinking, more individual and collective responsibility. Not every project with aggressive marketing or influencers behind it deserves our attention or our money.
And above all, we need to remember that Web3 is not just about making money, but about building a new paradigm: fairer, decentralized, and free. And that requires awareness.$OM