Is TOMARKET a Developer's Failure or a Coordinated Scam?
Before You Read This Article
Before you start reading this article, ask yourself who you are as a person and what fills your inner world. If you are evil incarnate, this article is not for you. It is for those who are kind to others, who are fair, who value the world around them and those close by. This article is dedicated to the multi-million community of people who not so long ago embarked on an exciting journey into blockchain. Into its charismatic and captivating world, where they can stay if this world isn't designed to destroy their lives. When it does, the kings all remain silent, not even fully understanding the damage done, which delays the integration of the masses into the world of cryptocurrencies for decades. The world of cryptocurrencies is a space where technology, economics, culture, and politics intersect, creating a unique, rapidly evolving environment that continues to surprise with its possibilities. However, they won't learn about it because their first encounter was extremely negative, directly linked to those for whom reputation should be paramount. Those who are obligated to provide them with security, protection, stability, retention, attraction, survival, introduction, knowledge, accessibility, and above all, choice.
The Facts About Tomarket
Tomarket is your universal platform for gaming, earning, and trading in Telegram and Web 3. At the time of launch, Tomarket became one of the most popular applications in Telegram, already boasting over 14 million users. Shortly after, the monthly number of active players exceeded 30 million.
Investors and Funds of Tomarket
Bitget Wallet and Foresight Ventures are the investors and funds behind Tomarket.Foresight Ventures - There is absolutely no mention of Tomarket on their website or social networks. After a long search, I found no information, but investments in Tomarket were made on June 28, 2024. cryptorankBitget Wallet - As a direct partner of Foresight Ventures, they also invested on June 28, 2024. From the first days, Bitget has constantly supported and announced promotions and companies related to TOMARKET, just as TOMARKET provided constant support to Bitget. (The community remembers all publications, articles, announcements)
The CEO of Bitget, GracieChen, posted a message on the platform X stating that over 2.5 million #Tomarket users have completed pre-deposits on Bitget.
Everything seemed promising; everyone wanted to participate in all TOMARKET activities, as well as in Bitget Wallet and on the exchange itself, following Bitget's article and subsequent inspiring and motivating articles similar to this one.
x.com/BitgetWallet/status/1806613762822267075
Then, we learn that Tomarket is the first project of the Bitget On-chain Layer, accelerated within the BWB $10M ecosystem fund.
www.bitget.com/blog/articles/bitget-partners-with-tomarket
There were continuous mutual announcements from Tomarket and Bitget, over 100 posts. The community has ceased to distinguish between them, assuming they are one and the same. One team. The CEO of Bitget, Gracie Chen, has repeatedly shown support and made statements in favor of Tomarket.
On October 30, 2024, we were shown the roadmap and tokenomics for $TOMA: a total supply of 100 billion coins with 80% allocated to the community. The good times ended.
Many users got locked out during the TOMA allocation.Many who invested in the project received fewer coins than expected.The Fully Diluted Valuation (FDV) at the start of the premarket was $70 million, but by the time of listing on exchanges, it had dropped to $13 million.The main demand for the coin during the premarket was $0.0003 - $0.00034. During the premarket up until the listing, Tomarket increased the total number of coins from 100 billion to 1 trillion, a 10-fold increase. Over time, towards the end of the premarket, the exchanges adjusted their data, and the premarket price sharply dropped.At the Token Generation Event (TGE), 30% was allocated to the community, but according to Tomarket's claims, 47% had already been distributed. However, there's a nuance: these 47% were distributed from the initial 100 billion, not from 1 trillion. The community received at best 10% of the total token supply. Most large investors have their coins locked in the application's farming pool until December 25, 2024.TOMA at the opening of trading on December 20, 2024, on the Bitget exchange, launched at a price of 0.0000013. Large volumes were involved; over 110 billion coins were bought, and they were sold at the mark of 0.000085, a 65x increase in a minute candle! And the entire market cap of the coin vanished. Millions of dollars. Community wallets were not involved. In this dump on the community, only the Bitget exchange wallets participated, holding 43% of the token supply. 27% are locked in the application. 10% belong to Foresight Ventures, now 11%. 8% to the Tomarket team. The rest is just dust in the hands of the community, what's left of their money... The blockchain remembers everything.Interestingly, Tomarket suddenly transitioned from the TON blockchain to the APT blockchain.The Tomarket team has completely withdrawn from all Tomarket app chats. They have also disappeared from X.In the large wallets holding TOMA coins, there's an intriguing aspect: something common and new, the GHC (GreatHunter) coin, which recently appeared on their balance. These wallets belong to Bitget, Foresight Ventures, and Tomarket. The total supply is also 1 trillion coins.
Thank you for reading the article to the end. Feel free to add your thoughts in the comments, and please repost, it's important. If you don't make reposts, no one will see this message, just like no one will see what is written in Bitget under posts that explicitly express dissatisfaction; such messages algorithmically end up in spam. Write your own articles, and when you see something similar, repost it; the influence of a community of millions can change any situation in favor of the community.
#tomarket #toma #scam
My channel on X: x.com/Dark001Game
Take care of yourself, friends, and best of luck with your goals!🫡
$APT