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Sign of a shit coin?

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by COINS NEWS 155 Views

I’m quickly beginning to learn the signs of spotting a shitcoin - poor community engagement and censorship.

I’m a big fan of the cronos network, but I’ve recently seen two projects go to shit.

When I’ve reached out to the community, and noted my concerns, I get accused of spreading FUD and then banned. Any healthy project would be able to allay any concerns.

Case in points: Pegasus DAO - I highlighted that their minting system allowed to mint new SUS at a 50% discount over 5 days which opened the system to abuse. Despite the additional tokens on circulation, their backing per SUS never changed in value - instant ban from all channels

Croissant Games - another project I really liked, but their games have been down for close to 2 weeks under maintenance with very little communication from the developers. Their market cap has plunged by 80%, and their competitors over at DarkProtocol are quickly taking over - instant ban

If a community can’t take criticism without banning every naysayer , then either they’re doomed to fail, or there’s something shady going on in the background

submitted by /u/mcgrimes
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