Planet likely abandoned — avoid buying after missing 8B token unlock
I find it very concerning that people are buying Planet given the team's prolonged disappearance. The project appears abandoned: the website and Twitter are inactive, Telegram is populated by bots, and the team has not released over 8 billion staked tokens for more than a year.
I believe this pattern resembles a rug pull or scam, especially with the lead (rfaroni) unresponsive and no transparent communication or token unlock schedule. That lack of governance and liquidity transparency is a major red flag.
I'm advising extreme caution — I would not buy Planet and would consider exiting positions and reporting suspicious activity to relevant platforms and communities.
Analysis
Recommendation
Do not buy Planet. If you hold the token, consider reducing exposure or exiting, document holdings and communications, and report the project on exchanges and crypto communities.
Disclaimer
The 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.