simplesqueeze

Space standup and a W(?) for the community People are getting partial refunds up to 70%, details at the end of the post 😹 Now to their standup and the awkward excuses: "As a team, our goal is to always make the right decisions" "We're a serious team with a real protocol" "headlines spread before facts are verified, and narratives form before context arrives" "Trove duplicated elements of our project - anyone can compare the timelines for verification" "Judge us by our actions, not someone else's failures." "we've been asked repeatedly to give more allocation to our community and believers" "Our public sale followed standard industry practice for oversubscribed raises. Platforms like MetaDAO use identical terminology - "target" and "soft cap" are interchangeable across many launchpads and ICOs." "for our public sale, our team took inspiration from mainstream fundraising platforms such as MetaDAO where the soft cap is referred to as ‘target’ and it’s expected for teams to refund the range above 4x the target" "MetaDAO's Solomon raised $8M when their target was $2M, representing 4x above target. Following the same 4x model shown below, this paved the way to $13.58M being initially retained, with commitments beyond that refunded to participants." "The first round of returns focused on the largest contributors." (only 55 wallets) "Every decision is made with long-term sustainability and community alignment in mind" ✅ And now, the facts: Monday, Jan 26 Livestream of the platform Tuesday, Jan 27 Registration for refunds will open Wednesday, Jan 28 Beta platform available to sign up Thursday, Jan 29 Refund claims Out of 4,677 participating wallets: 80% can claim a refund of up to 70% 86% can claim a refund of up to 50% Top 5% can claim a refund between 11-21% Polymarket odds up slightly but.. $60m FDV at 18% only, breakeven for ICO 💀 are people actually okay with this? no full refund, trust is cooked