🗣 #Greednet -Today's post is about how greed can ruin a really cool tech project🤮

As you probably know, a lot of FUD about the $GNC token yesterday.
I was completely offline yesterday spending time with my family, so I only got to this today.

I want to share what I've calculated. Even though I have a big 'greednet' BAG, I want to stay honest with you and for the first time, I'm FUDing a bag I own. I'm with you through thick and thin, and if I don't like something, I say it loud because relationships, not money, are what matter most to me✌️

... Alright, let's get to the point - Where's this FUD coming from?

Greed knows no bounds. The team has turned away from the original plan because of their greed and dishonesty towards the community. There's info on social media that the TEAM has doubled the supply from ICOFund. If I'm counting right, it's not double, but x17.5 more tokens will be released from vesting for the team. The community and miners have been rugged.
The team also cashed out OTC tokens 'under the table' that were supposed to be locked.

They changed the tokenomics without informing the community, doubling the (total) monthly emission by x2. Interestingly, only the emission of ICOFund vesting tokens was increased, so these x2 more emissions each month will go to the team. The pool for miners remained the same, which is 388,800 tokens monthly.

And now, attention! I have a file saved on my PC with the previous tokenomics. I did a comparison of what 'was' and what 'will be' now.
From my math, the team didn't just double their token unlock per month, they increased it by x17!

The TOTAL supply was doubled. And total supply includes mining + ICOFund (mining, as mentioned earlier, remains unchanged).

The new monthly supply (at $1.5 price) is $1.33M, previously it was $625K.

BEWARE! In the new tokenomics table, a very important column Miners vs ICOFund has been removed, which showed what % of the total monthly supply goes to miners versus ICOfund. This has been severely skewed, which is why the team decided not to show it.

Popek1990.eth , even though he has a big bag, is FUDing and decided to show the truth. Before the change in tokenomics, the supply from ICOfund was 6.8%. At a $1.5 price, it's $42,578. At the pre-dump price of $5,
it was $142K. For them, that's not enough, so boom x17! 🤯

Greed knows no bounds. The current supply from the team is not 6.8% but hold on, 56% which at the current price = $750K!

Now only 44% will go to miners (previously it was 93%).
The biggest part of the pie will be taken by ICOFund.

Overall, it's hard for me to remember another project where such a mess was made. The team could have played this much better. In the long term, they would have been much better off, IMHO, and everyone would be happy. I was lightly counting on a $200M market cap. Do I still believe in it?

If the team doesn't change the tokenomics to be more favorable to the community, they are completely burned for me and I don't predict anything good for them. Today an important announcement is supposed to come out, and the team is to address this whole matter. I'm very curious about it.

• My Twitter : https://twitter.com/popek_1990