Degen

Is this true? 👀 Be careful what tokens you buy. There are a lot of anonymous scammers in crypto who’ve made millions off lies. Don’t fund these grifters.

there's a new coin on @farcaster_xyz called $fair (faircaster) whose selling point was that it would enable everyone to fairly find new projects to invest in

and now it's coming out that they held a private presale with friends only and some of them are now sitting on 80,000 USD https://t.co/jj1oXYMaeE

bitfloorsghost

Is this true? 👀 Be careful what tokens you buy. There are a lot of anonymous scammers in crypto who’ve made millions off lies. Don’t fund these grifters.

https://x.com/bitfloorsghost/status/1938618244090519745?s=46

> call token $fair because FARcaster + AI + provides fair access to new startups who would otherwise raise from a vc. good name

> raise small amount of money from friends so there is capital to invest

> launch token and give some of it to people who gave you money

> expect token to trade low, token instead teleports to 5m

> everyone thinks you’re running some weird presale extraction scam wth FAIR in the name

everyone needs to calm down, @luc could launch it better but there is no conspiracy here

fwiw https://farcaster.xyz/woj.eth/0x3d949d82

Feel you, man. It just seems like token launches are burning people lately. We really need to figure out a better mechanic that makes the rules clearer. Every launch is different now, and people don’t know what they’re buying into, or that they might be at a disadvantage.

fwiw at the time of writing this i didn't know some people actually sold

https://farcaster.xyz/thebestpizza.eth/0xe3a8ca21

between that post and now i learned that some people actually sold and your post is more justified

between that post and now i learned that some people actually sold and your post is more justified 

https://farcaster.xyz/woj.eth/0x7722a198