Keone Hon, the founder of Monad, responded to Arthur Hayes' criticism by stating that Hayes did not provide specific comments and pointed out that his investment projects also have Lock-up Position tokens. He believes that the current Blockchain is still evolving and cannot be in its final form.
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MustProfit
· 11-30 03:27
The main issue is that the project party is too ruthless and malicious. Users interacting on the Testnet are not given an Airdrop, and the project party along with investment institutions have almost monopolized the coins. They released a bit of supply but still at a high pre-sale price, with extremely low Circulating Supply, inflating the valuation, continuously dumping, while other community investors have nothing left to gain. The benefits have all been taken by this vicious project party and internal investors, leaving others as mere dumb buyers and helping them lift the burden! They should have exited early; this project is doomed to fail! Furthermore, its technology is not impressive; the Mainnet TPS is only 32.75.
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CoinNews
· 11-30 03:17
High FDV and low Circulating Supply, the project party and internal investment institutions monopolize the vast majority of coins, artificially limiting the Circulating Supply, leading to high prices in the early stages and price pumps, followed by years of continuous dumps, with retail investors acting as dumb buyers of trash VC coins, and the only beneficiaries are the project party and internal investors, hence it is referred to as a scam trap with high FDV and low Circulating Supply!
Keone Hon, the founder of Monad, responded to Arthur Hayes' criticism by stating that Hayes did not provide specific comments and pointed out that his investment projects also have Lock-up Position tokens. He believes that the current Blockchain is still evolving and cannot be in its final form.