I only had a little bit of a look, but after seeing the number of projects (4 that I looked at, I'm sure there's many more) you said were "honest" and/or the "real thing" and you promoted/hyped etc that then ended up screwing everyone over and dead, I have to say that you being part of any project is a massive detriment and just serves to even strengthen the case that it will end up being some sort of pump and dump/scam.
But whatever, people around here will bend over for you if you tell them what they want to hear. As I said before, good luck to anyone foolish enough to roll the dice on this project.
PS. I can't wait to see who peer reviews this. I have a list of a few I suspect will be used. This will be fun to watch.
I was very naive back then and really didn't understand what I was doing.
I have learned a lot since then. And yes, back then I did stuff I am not proud of. I think most of us have done things in the past they aren't proud of.
Only through failure you learn and saying because of failure the next project won't succeed is contradicting itself. Its a toxic mentality in my opinion and the only people who suffer with that are the ones who don't allow them self to fail and thus never really progress and learn in life.
You're very naive now if you think you can bait and switch with 5% only. That is verging on just foolish I'm afraid.
Some scams can get away with a dirty past if they are huge already before full pressure is applied.
Sadly this one is hardly off of the ground and will be swatted down and crushed before it takes deep root.
I mean 50% is even a total bait and switch but livable if the white paper is outstanding.
25% you would have the odd supporter
5%= paid shills only to support this move and a bunch of scammed investors looking for revenge.
Rethink it now before digging yourself into a corner from which you can not get out of.
I would suggest now this second coming up with a far better offer.
On what kind of marketcaps have you thowing these numbers? Sounds like your goal would be having instant 100x for an ico invest. IMHO people would not give a shit about the 5% if the price was not currently dumped.
LOl yeah nobody would care about having their total stake in a coins minting reduced to 5% of what they thought it was initially. Why would they care? why would that possibly crash the fucking market to perhaps 5% of its previous cap? you are saying that if they thought their investment retained the same usd value they should shut up and take it. But the upside just went down 20x? this is not an investment made in a vacuum there are other project the same investors compared and factored in the rules as they were not now the cap now has to achieve 20x higher than they dreamed it would to afford the same returns. Your investors are your supporters. These fools have no foresight. Those that are very very confident try to undersell their ico so they can retain the max tokens themselves because they know they make magnitudes more in the end.
People are investing at 100k sats because they probably believed eventually with the big dreams and talk here it would end up a 20M + cap coin and their stake in that was exactly as they were told it was at the outset not 5% of that.
The transition from bitcoindark to komodo was fairer and this should be the model here.
These people have no clue how crypto work. These are rank amateurs who are creating a total clusterfuck from a project that had a few people quite interested.
This is bait and switch pure and simple. You simply do not pull shit like this without the community consent.
So anyway let's review this in 24 hours if they still intend to insult their supporters with 5% then let's start to crush VLT and their future projects for good on here.
So when I mention that whole story about Veltor is scam you people almost crucified me