​​Blockcloud is a scam ⛔ I don't always scream "scam" at every project, but this is next level. Everyone knew it was just a shitcoin with meaningless tech and no use cases - so a soft scam - but it's wasn't as bad, no one can predict the future. Anyway, what Blockcloud has been doing is outrageous:

1) Completely screwed private sale by giving almost no tokens at IEO
2) Kept selling foundation tokens at x20 posting charts of "moon lambo trading"
3) They have delayed the distribution yet again, for the third time - till mid-summer

Blockcloud made around/over 6M USD profit! Update: it's more factually correct to appeal to reverse raise shenanigans here rather than call specific actions. The fact that no one got the IEO sale and the private sale unlock was constantly being postponed, speaks for itself. Exact number is not as relevant here. Here is what reverse raise is.

In general, the primary market is now rekt. No one wants to touch seed or private sale. SAFTs mean nothing. Projects bend over at exchanges' will. You risk hugely by being vested for a century or have your bonus completely reversed Ifor being an early supporter. Demand an extra mile of accountability from projects going forward...