@yellowspring

Kiloex has distributed an airdrop, but based on extensive community feedback, the vast majority of retail investors ended up losing money. However, the CEO claims that 70% of on-chain players are in profit. Putting aside whether this is blatantly false, let’s do a rough calculation: First, estimating based on the platform's total cumulative trading volume, the project's revenue from fees is around $40 million. However, the airdrop only distributed tokens worth about $10 million to the community. This means that, overall, users have only recouped 20% of their losses, which aligns with the community's reported 90% loss rate. Second, the points-to-token conversion ratio lacks transparency. Many users have reported wildly different ratios, such as 100:1 or 200:1, with no clear pattern. Is it completely random?

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