Projects like Cosmos and Melon pretend to have ICO's but they just end up giving all the coins to themselves their friends and venture capitalists.
I understood about this, Melon just put the inflation from the melon tokens for themselves.
They think that blockchain projects are like companies and that by getting in on the ground floor they can become rich.
That's just like an instant way to become a rich person.
But they need us. they need the network effect. they need people to support their project. This will be different it they just trying to fool us.
they want us to support the network while they get all the cheap coins.
Remember melon is running on the ethereum blockchain, But that's correct. The project is need a community to support his project and spread the word about that project. This will be different if they just trying to fool us.
It's time for the community to begin to question whether we should support their projects, when they don't give ordinary people a chance to get in on the ground floor.
So, what's the reason for us to support the project such as melon?
Tell me your reason. But honestly, i don't want to support the project that the dev is really greedy to being a rich person. And just take the advantage of the community which gives a lot of support for them.