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Dfinity is a typical example of shady behavior in crypto space. Private VCs got in on 0.02$/token, then presale was 4 $/token and then on launch day there was p
by smnplk 5y ago
Dfinity is a typical example of shady behavior in crypto space. Private VCs got in on 0.02$/token, then presale was 4 $/token and then on launch day there was probably lots of wash trading to lure the suckers into buying it at 300 $ - 650 $ /token.... A classic premeditated pump & dump. Nothing unusual, many crypto projects have done it and exchanges are in on it. Welcome to crypto 2.0. This is how it's done now. I think the projects has some merit, but the way that funding is done is just pure exploitation on unregulated markets. I'm wondering what crypto 3.0 will bring when the next bull cycle emerges.