sell
Eclipse and ASC Controversy Sparks Withdrawal Decision
This message reveals critical facts about Eclipse and ASC that have led to my decision to completely withdraw from this project. Initially, I supported them wholeheartedly, but recent revelations change that perspective.
Firstly, the tokenomics on the day of the Token Generation Event (TGE) were opaque. It now becomes clear why details were kept silent during that period. The Eclipse Foundation held a significant amount of 20 million circulating ES tokens as liquid assets.
Secondly, there are suspicious manipulations related to the airdrop. The TGE documentation specified that 8% of tokens were allocated for the airdrop and 5% for liquidity provision. However, about 2% shortfall, which should have been sourced from community incentives vested after a year, was secretly taken from the immediately released 15% (airdrop + liquidity), raising questions about transparency.
Thirdly, the Eclipse team initially promoted the ASC as the genesis NFT of the ecosystem, promising that ASC holders would be the true winners. Yet, post-TGE, they have distanced themselves from ASC, denying any involvement and evading responsibility.
This behavior demonstrates an unfair increase in circulating supply that benefits the team and foundation, often at the expense of the community. Their tactic of misleading the community and blocking basic communication is unacceptable.
I believe it is vital for everyone to be aware of these facts. Although my time supporting this project was meaningful, it is now time to open our eyes and re-evaluate our involvement.
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AI Analysis
In-Depth Analysis of Eclipse and ASC's Recent Revelations
The recent disclosures concerning Eclipse and ASC reveal serious issues related to transparency, tokenomics, and governance. Initially, the pr...
AI Recommendation
Actionable Advice for Investors and Community Members
Given the revelations about manipulation of tokenomics and governance issues within the Eclipse project, it is prudent to proceed with caution. In...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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