Recently, there is a project called CryptoDAO (v3 PRO) that is being promoted everywhere, but upon deeper investigation, it becomes clear that this team has a history of poor performance.
They had previously managed three projects: AKAS, OLY, and LynkCoDAO, and there are many tricks to be found in the on-chain data. The harvesting patterns of these projects are basically cast from the same mold:
AKAS played the hardest that time—publicly claiming a 1:1 ratio for minting tokens, while in reality, the team was printing tokens at zero cost in the background, then crazily dumping them when liquidity was low late at night.
The OLY project also employs similar operational methods, and specific details can be found by checking the on-chain transfer records.
I advise everyone to spend some time researching the team's background before participating in any new project. Projects that have beautifully designed PPTs and grand visions, but whose operators have a messy history, can basically be passed on.
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.
14 Likes
Reward
14
4
1
Share
Comment
0/400
DustCollector
· 11-30 14:56
Here comes another old face playing people for suckers, just a change of soup without changing the medicine.
View OriginalReply0
governance_lurker
· 11-30 14:56
It's this trap again, it should have been banned a long time ago.
View OriginalReply0
DuskSurfer
· 11-30 14:44
It's the same old trick, the team changes its disguise and continues to play people for suckers.
I’ve seen it again, that wave of AKAS, I looked at the on-chain records, it’s really absurd.
No matter how good PPT looks, it’s useless; just check the team’s history and you’ll know.
Why are there still people rushing into such projects? I don’t understand.
Late-night dumping and getting out of positions, it's a classic technique.
I suggest checking the on-chain data before getting out of positions, don’t let the vision fool you.
The harvesting tricks are all the same, can they still come up with something new this time?
View OriginalReply0
ForumLurker
· 11-30 14:38
It's the same old trick again, really annoying.
Damn, I'm still in that AKAS wave, totally Rekt.
With such a clear history of poor performance, how dare they do it again? They really have some guts.
Recently, there is a project called CryptoDAO (v3 PRO) that is being promoted everywhere, but upon deeper investigation, it becomes clear that this team has a history of poor performance.
They had previously managed three projects: AKAS, OLY, and LynkCoDAO, and there are many tricks to be found in the on-chain data. The harvesting patterns of these projects are basically cast from the same mold:
AKAS played the hardest that time—publicly claiming a 1:1 ratio for minting tokens, while in reality, the team was printing tokens at zero cost in the background, then crazily dumping them when liquidity was low late at night.
The OLY project also employs similar operational methods, and specific details can be found by checking the on-chain transfer records.
I advise everyone to spend some time researching the team's background before participating in any new project. Projects that have beautifully designed PPTs and grand visions, but whose operators have a messy history, can basically be passed on.