#RDNT #RADIANT

Radiant Capital's farce of cash-grabbing.

in the spiral of gradually selling off to collect money from RDNT token investors to raise capital to support Radiant Capital in 2024. Previously, in addition to continuously emitting through the reward feature (using more than 80% of the total supply to pay rewards), in reality, it was to sell off for convenience, less scrutiny because if the % of tokens for the dev team were sold off, it would easily attract attention.

after selling quite a lot because this project was quite well-received by investors when it was first launched, instead of buying back RADIANT, they found an easier and less costly way to issue an additional 50% of the total supply, which is 500m tokens, to continue selling through Dao voting. But everyone knows that the amount of votes is entirely up to them, so it was easily passed.

So from 1B total supply that was supposed to be released in mid-2025, it has become 1.5B and pumped directly into the market by 300m, causing the circulating supply to jump straight to 1.14B tokens.

Not stopping there, the remaining 200M tokens that were supposed to be locked for 3 years, recently RADIANT decided to change direction, change the roadmap and use Dao voting to bypass it once again by shortening the unlocking time. Terribly greedy. If later they increase another 500M tokens or unlock all of them, don't be surprised.

Good project but too confident in finances, no need for investment funds and now everything will fall on small investors.