Author: Ice Frog
Reprint: Lawrence, Mars Finance
Cron delivered another heavy blow to the industry!
This once again illustrates how serious Corn’s wrongdoing is. According to Erick, a partner at Nomad Capital, the actual circulation is only 3%, which really sets a new lower limit for the circulation of VC coins, almost equivalent to blatant market manipulation!
Does this project still have a bottom line? It reminds me that yesterday the project team Lianchuang claimed the importance of the community, and with 3% of the token circulation, the irony effect was fully maximized!
What’s even more angering is that Corn is not an obscure dog project, but rather a “star project” backed by top VCs and heavily promoted by leading exchanges.
The evidence of wrongdoing is undeniable, and the community users are furious; however, these industry giants who once strongly supported Corn have chosen to collectively remain silent and pretend to be deaf!
If we follow Erick’s claim of a 3% circulation, it is hard not to doubt:
Did the VCs actually “step on a landmine,” or were they just dividing the spoils from the beginning?
Are they really unaware, or do they already know the inside story but are still willing to ride the wave in order to cash out at a high point?
Why does the exchange ignore the problems and still push Corn?
The TGE unlocking amount of Corn does not match the white paper at all. Is there any suspicion of fraud?
These questions have no one coming forward to answer them. Perhaps they know the truth but do not dare to respond. I just hope that my call can awaken some remnants of their conscience. No matter how profit-driven capital is, there should still be a bottom line, and it should never dance with fraud.
The 3% circulating supply scam of Corn once again confirms the harsh reality of the crypto market: VCs and exchanges will not protect retail investors; they only care about their own interests, and in this game, retail investors are almost guaranteed to lose.
Helpless and angry, but this is reality!
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