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Ethos $WHUF ’s moves this time really drag the words “big picture” through the mud.
After waiting for so long, what we got was a British auction, with only 20% of the allocation put up for sale and the FDV capped at $99M. The project team is still holding nearly 60% of the tokens—yikes.
They kept talking about Build before, but when it came time to launch the token, the official team went back on its word and announced that there would be no airdrop at all.
Ethos is currently just a half-finished product selling sentiment, with little of substance to support it. On top of that, transfers will not be enabled until October 8, so everyone is advised to watch from the sidelines and not participate.