
CryptoBLACK🌙◼️|Mar 07, 2025 04:40
As a small retail investor in the cryptocurrency industry, I deeply felt the imbalance between the community and project parties pointed out by Yijie's tweet @ heyibintance, which touched the hearts of countless retail investors. We all strive for fairness and transparency within our circle, but in reality, the actions of project parties often leave us feeling disappointed and helpless.
In the SushiSwap incident of 2021, project founder Chef Nomi sold tokens to cash out at the beginning of the project, causing heavy losses to individual investors and causing a stir in the community. This behavior has completely disappointed many people with Web3's decentralized ideals.
The insider trading scandal of Jito, a Solana ecosystem project that caused a sensation in 2024, revealed that the project team cashed out early in the private equity round, while retail investors took over at high levels. In the end, the project's value was halved, and many people lost everything. Such cases have completely shattered our reverence and respect for the project team.
For example, last year's collapse of the DeFi project Wonderland, where the founder SBF manipulated the market using insider information, not only caused heavy losses for retail investors, but also raised doubts about the trust of the entire blockchain community. This reckless behavior is exactly what Sister Yi mentioned, 'The project team has lost its fear of the community'.
The recent "Blackstone" listing on Binance Launchpool has also sparked heated discussions, with some suspecting that the project team has pre positioned in the on chain data, while individual investors are still struggling for mining rewards. This reminds me of the ICO boom in 2017, where many project parties harvested retail investors' funds through false advertising and then evaporated, leaving behind chicken feathers all over the ground.
The original intention of decentralization in Web3 is being distorted by some project parties. We retail investors do not seek sudden wealth, but only hope that the project team can truly respect the voice of the community, operate with respect and responsibility, as Yijie said, rather than treating us as cash machines.
Call on everyone to speak up like Ice-Frog666666, supervise the behavior of the project team, and choose reliable projects and teams. Perhaps only when the project team truly feels the pressure of the community, will they regain their rightful "fear" and "respect".
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