A screenshot of the social chat telegram group was leaked. There were some well-known Ethereum advocates in the group, which caused a tweet storm in today’s Crypto Twitter feed.
Airdrops have clearly become the next big thing for DeFi, as a means of “fairly” distributing new project tokens.
The first thing that really caught the public’s attention was the UNI-governance token uniwap. Everyone who uses the platform receives at least 400 UNI tokens. At that time, many people sold their coins and cashed out to make a “free money”
Another project that does the same thing is the MEME protocol, which airdropped about 350 MEME tokens, currently worth about $350,000 to the first members of the telegram group. According to reports, at the highest price of the token, this short position is worth approximately $700,000.
Today, screenshots of conversations between some of the most well-known ETH influencers and supporters show that they plan to create a worthless token whose sole purpose is to increase the price. They call it “experiments”.
FEW-Bringing encryption technology back to the Barbaric West
Crypto Twitter fans have exploded today, including screenshots of some of the most famous ETH supporters, such as Anthony Sassano, DeFi Dude, and many others.
Their goal is simple-create a group of 50 “smart people”, airdrop a bunch of tokens to them, and watch them sell the tokens. Some screenshots, allegedly from conversations between some members, reveal what happened:
“First we have to get members, then airdrop, and then-we figure out what we are going to do.”-Defi Dudd said. It’s not dark at all.
Anthony was caught saying that they “need to sell the coins to people”. Another screenshot shows that DeFi Dude replied with a message saying, “…we are legally conducting a promotion.” Of course, not much context is provided here, but is this the behavior of those who should help the healthy development of this community?
The group discussed how they plan to do things like MEME because they (or at least some people) missed the opportunity. According to reports, Anthony is part of the MEME agreement airdrop.
Is there still integrity?
Many of the original FEW 50 people explained their behavior afterwards. Anthony said it was all a “joking” and urged people not to buy the token because “it is worthless”
In a further chat on the subject, he explained that the person who attacked him “is despicable… People who know me know this is just my sense of humor, a joke. But anyway, it will spread and be taken out of context. .”
The other members of the first Few 50 also expressed the same idea-it was just a joke.
Many people have this problem. Udi Wertheimer gave a speech on the matter, he said:
The problem is that most of these people have many loyal followers, and many old users recognize their authority and reputation. It doesn’t matter whether these people want to hold this position. Once your voice can be heard and listened to, responsibility is common sense.
Now, Anthony argues that this is his “first time” joking, don’t take it too seriously…people didn’t look at the context at the time.
But how much context do we need? Personally, it looks like a group of people who have had a significant influence on Twitter are trying to create something they know can make a lot of money.
If this is really a joke, why not make it public from the beginning? Why wait until people leak these screenshots before giving an explanation?
What happens if I am not caught…?
The token did not really enter the market, but some people created a counterfeit coin and listed it on Uniswap-it may not be related to the project.
But what if the FEW 50 people did everything they planned? What if they create a token that people can buy? What if they start to promote the coin on Twitter? What if its price really skyrocketed (according to their conversation, they obviously did it intentionally)? What if their airdropped tokens are suddenly worth six figures? What if no one leaked these screenshots?
These are questions that we cannot really get objective answers, and each of us must make our own conclusions.
Sassano said he burned his tokens to prove that he would not “transfer” to anyone.
He also said, “I plan to donate the money I get to Gitcoon (believe it or not)”
The most logical question is, how can you make money if you don’t “dump” money on others?
in conclusion
This may be a joke. It is entirely possible that none of the people involved really intends to defraud other people’s money. But this is not important.
The important thing is that these well-known figures with a good reputation in the community should not even consider participating in behind-the-scenes dramas like this, whether they are joking or not.
Transparency is one of the main and inherent assumptions that all of us believe to “use” the technology. And what he did is simply the opposite.
Worst of all, these kinds of “jokes” make encryption regress. It shattered the popular belief that we have stepped out of the wild west years of this industry, when people were walking alone in the market. We are at the center of it, it is just a new narrative.
No one can deprive these people of their contribution to this field. It’s just that you can’t make such a joke. Or, at least you shouldn’t.
