Today, the results of the drop distribution for activity in Season 2 were announced, and they raised some serious concerns. During S1, with 31,522 points, I received 145 tokens (or their expected equivalent for the drop). However, in S2, despite farming 80,000 points, the final addition was a meager +7 tokens. In their official channel on X, with 1.3 million subscribers, the project team claims that Season 2 was “just a bonus,” as the majority of the tokens were distributed during S0 and S1.
But why wasn’t this communicated earlier? Why didn’t they disclose the formula for converting points to tokens in Season 2? My laptop ran 24/7 for over a month, farming three times more points than in Season 1, and for what? Just +7 tokens? Isn’t this a SCAM? It sure looks like one.
Lack of Transparency
Moreover, it’s still unclear what formula was used to convert points into tokens in Seasons 0 and 1. In the comments under their post, hundreds of users complain about receiving tiny amounts, and some even report that their balance didn’t change at all after the results were announced.
What’s next? The development team remains silent. There’s no explanation of the current situation, no clarity regarding Season 3, and no details on the exchange formula. All we hear are vague promises about some undefined benefits for participating in the next season 3. Should we keep farming points? That’s for everyone to decide. Personally, I won’t be doing it until the project provides clear information about the tokenomics and the formula for converting points into drop tokens.
Consequences for the Project
I hope the investors and funds that backed this project take note of the issue. Actions like these severely damage the project’s reputation and trust in the team, which directly impacts the token’s value and the project’s overall prospects.
What do you think? How many tokens were you allocated for Season 2? Share your thoughts in the comments!