DeFi supporters got together to say that the controversial FEW token that was created in a Telegram group and airdropped to individuals is actually a joke as we are reading more in today’s altcoin news.
The FEW token that was created in a Telegram group and leaked from the chat caused a lot of controversies. Now the Defi supporters, and creators of the token now claim it was all a joke and most of them burned their tokens to make amends. A group of DeFi enthusiasts got a lot of critics for creating a worthless token and discussing the token jokingly or not, hot to dump it on the market. They claim that the whole thing was a little funny experiment.
This is disappointing to see from people I know & trust. While some would've been doing it as a laugh, others were malicious & looking to profit whether they'll admit it or not.
— Alex Saunders 🇦🇺👨🔬 (@AlexSaundersAU) September 22, 2020
The controversy follows a previous airdrop of the MEME tokens which got handed out and were worthless. After a few people sold their tokens, they soared in value and left them with a bitter taste. The FEW tokens was created on the back of this, in the hope of redeeming their lost fortunes but the project went up as of late.
The founder of Westrick Law Firm Shawn Westrick, said that as Defi grows,” It’s hard for small participants to know what project are legit and what projects are not” adding that Twitter is a place where people get information from other people who are deep in the crypto projects and these people become trusted. That kind of power comes with huge responsibilities as Westrick added:
“Whether FEW was a joke or a serious attempt to pump and dump on people, the people involved should be ashamed for making this space worse and not better.”
1/ Here’s how $FEW started👇
— Sam Ratnakar 💡🍍 (@mrdotboson) September 22, 2020
Sam Ratnakar, the co-founder Idea Markets, launched the FEW experiments. He created a Telegram group including some big names n the Defi space such as Anthony Sassano and Masmej. Other crypto supporters include Taylor Monahan the CEO of My Crypto and Meltem Demirors, the chief strategy officer at coinshares. Ratnakar tweeted that the project was initially created as an experiment to create value for the crypto ecosystem and that 52 holders of FEW got airdropped with 769.23 tokens.
According to the leaked Telegram screenshots, FEW was designed for the people that missed out on the success of the MEME toke as Sassano himself sold 350 MEME token as they were worth 0 at the time. the decision caused him to lost about $300,000 so FEW was a chance to make amends on the lost opportunity.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]