Looking at $FOLKS's tokenomics, to be honest, I'm a bit anxious. The total supply is only 12 million tokens, and the project team holds 10 million themselves — this control ratio is ridiculously high. What's more concerning is that liquidity is so thin right now; if they want to dump, the market simply can't absorb it.



It's about to reach 0.5, and at this level, there's no way to avoid selling pressure. Do you really trust the team that much? Anyway, I figure, rather than betting on human nature, it's better to run first. Brothers, consider it yourselves; I'm planning to take action.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
ImpermanentPhilosophervip
· 12-13 05:46
I just said, why does this kind of scheme feel so sinister? 10 million in the team's hands is like a ticking time bomb, ready to explode at any moment.
View OriginalReply0
LuckyYuanvip
· 12-11 12:32
Are you talking about one?
View OriginalReply0
WalletAnxietyPatientvip
· 12-11 02:35
12 million total supply, 10 million in their hands. What’s the point of playing around? The cost to run away is so low. I don’t deserve to hold such coins, it’s too terrifying. 0.5 is indeed a risky position. I choose to stay alive and leave. Human nature cannot withstand tests. It’s better to cut losses in time. Watching others make money makes me jealous, but I’m more afraid of losing everything. With so many chips in the team, why should I believe they won’t cut their losses? The liquidity is so thin it’s transparent. When the time comes, I won’t be able to run. I really can’t play with this kind of token economy. Everyone, take care.
View OriginalReply0
PrivateKeyParanoiavip
· 12-11 02:28
Whoa, 10 million tokens in the team's hands? This thing is a ticking time bomb, I want to run too.
View OriginalReply0
0xLuckboxvip
· 12-11 02:24
Wow, holding 10 million coins in hand? How long would it take to understand them all? I was completely stunned.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)