Disappointing Launch of Humanity Protocol's Token $H Raises Scam Concerns

Humanity Protocol has announced a much-anticipated token drop, but it appears to be disappointing. The Token Generation Event (TGE) has just commenced, along with the listing of the $H token. The project has been in development since October 2024, involving simple, free activities on the Humanity testnet. The claim process is temporarily unavailable at fairdrops.com, and the associated contract address is provided. The tokenomics reveal a total supply of 10 billion $H tokens, with 1.8 billion initially minted at TGE, distributed across various groups including team, community incentives, verification rewards, and reserves, alongside an ecosystem fund. The pre-sale price is $0.037, with a current trading valuation around $370 million FDV, listed on Binance Alpha + Futures, Bybit, MEXC, Bitget, Kucoin, and Gate. However, evidence suggests this may be a scam, as no insiders, ambassadors, or early participants have profited, and the only gains seem to have been made by social media traders engaging heavily on Twitter. The official verifier is awaited for confirmation.