Today, let’s take a closer look at the $WET project—is it really fighting Sybil attacks or just messing with users?

Some community members have complained that, for a $50 airdrop reward, they were strung along all night from 11 p.m. until sunrise… Officially, it’s supposed to be screening for Sybil accounts, but in reality, it feels more like putting pressure on real users and using it as an excuse to issue fewer tokens.

Their token allocation plan is even more interesting: the share taken by the team and foundation is ridiculously high. More importantly, the public sale portion will be fully unlocked at TGE—which means the selling pressure will be huge, right? The pre-market price has already dropped close to 0.1, and the market is clearly voting with its feet.

Will this so-called anti-Sybil mechanism end up hurting the genuine participants the most?