#writetoearn #Radiant #RDNT You guys are still wondering why RDNT created an additional 500m. And if it is decentralized, can Radiant Capital do the same? I don't hold this one but I was curious to find out and the result is like this:
- The creation of an additional 500m RDNT tokens was approved by Dao voting, but everyone knows that the number of votes is that the big wallets holding a large amount of RDNT tokens are all from the project (so the result is already there, they can create as many as they want, it's still up to them to decide)
- The sudden increase of 50% of the total supply and the sudden push of more than 200m tokens straight into circulation while the price is falling is Radiant Capital's failure to protect investors. Meanwhile, other projects often do the opposite, burning tokens when the price falls to stimulate value and curb inflation.
- The last thing that is very disappointing about this project is the way they support questions: I went to the project's telegram and they proactively sent me a private message to ask and answer, but when I asked the project a question: (When releasing an additional 500m, causing the total supply to be diluted, do you think it will cause damage to investors and is it necessary?) they did not reply anymore and asked the same question in the project's telegram group and was locked and kicked out of the group 😆.
--> For an individual, it is just a small matter, but for a project that Radiant acts like that, from freely pumping up to 50% of the total supply and avoiding, locking when asked, we should review them. That is, I asked properly, without cursing or saying anything bad. Even the name they initially texted to support me, Radiant or something, they changed it as if to cover up their tracks 😅.