Without exaggerating, I think most projects are guilty of this.
They announce: “50% to the community.”
Then at TGE, they airdrop 3%,
and the remaining 47% sits in a team-controlled wallet.
Here are some cases:
- Blast: Promised 50%, delivered 17% at TGE and nothing since.
- Cysic: Promised 0.5% for yappers, gave 0.2% and said nothing about the rest.
- Redstone: Promised 9.5%, gave 5% (+ small compensation later).
- Catizen: Promised 43%, gave 15% in the first season and that’s all.
- Starknet: Promised 9%, gave 7% allocated (less actually claimed).
- Towns: Promised 10%, gave 3% to actual early users. There should be another I think.
- EigenLayer: Promised 15%, gave 5% in the first season and cancelled “season two.”
And until people start tracking this properly, teams will keep getting away with it.
