Today we will break down the old project $IRYS, it's finally about to graduate.

Let's start with the advantages: they secured $18.7 million in financing, and their institutional background is relatively solid. Compared to some recent platforms launching questionable projects, at least they have some backing.

But the airdrop is really confusing. It's claimed that there are 400,000 testnet users participating, but the anti-bot system ended up marking a bunch of real users as bots. The most outrageous part is that in the end, only about one in ten will actually receive the airdrop.

This "one person, one proof" approach, if not open and transparent, is simply an excuse for the project party to save money. After all, branding users as witches directly reduces the cost of issuing tokens.

Financing looks good, but the implementation is poor, yet another classic script.

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TestnetScholar

· 11-27 19:43

Haha, it's this trap again. The financing numbers are just to deceive people; it's really just about raising money. Out of 400,000 users, only one in ten actually stores, this anti-witch system is ridiculous, clearly just laziness. 18.7 million USD sounds nice, but the Airdrop is so stingy, it's truly unbelievable. The project party is just using the "anti-witch" guise to save wherever they can. I've seen this kind of play too many times; the next copy-paste one is coming.

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BlockchainArchaeologist

· 11-25 14:00

The anti-witch system has failed, to put it bluntly, it's just an excuse for the project party to cut corners. The airdrop part is really ridiculous, 400,000 users and in the end, hardly any remain, I laughed. What's the use of nice-looking financing numbers, can it actually be implemented is what matters. This operation is similar to being played for suckers. Goodness, who are the institutional backgrounds trying to scare? In the end, it's still the same old story.

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DegenTherapist

· 11-25 13:59

400,000 users ended up with none in the last ten, this method is truly extraordinary, directly countering the witch and creating a business.

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GasFeeLady

· 11-25 13:56

lmao the anti-smurf system nuking legit users is peak project behavior, watched this exact playbook before—cheaper to mark 90% as bots than actually distribute tokens fairly, gwei brain move honestly

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DaoTherapy

· 11-25 13:45

400,000 users in the end, not even one is left, this anti-witch system is probably screening for true Large Investors, right? The financing is beautiful, but the Airdrop is disappointing, this wave of IRYS can be considered a textbook-level play people for suckers. Saying it's transparent actually means they want to issue less coin, marking real users as Bots is really ruthless. Wait, did this 18.7 million really get invested or is it just financing promotion? It feels like all the money is spent on marketing.

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