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Is this project serious or just another dilution?

A coalition of people in the crypto community is pushing back against a pivoted project, questioning its legitimacy amid new wave of concerns on forums. The shift to V2 has intensified criticism from investors who feel misled by changing objectives.

By

Amina Al-Mansoori

Apr 26, 2025, 02:51 PM

Edited By

Sofia Markov

Updated

Apr 28, 2025, 09:36 PM

Less than a minute read

A group of people discussing and sharing opinions about a new project, showing mixed reactions of concern and curiosity.

Context and Rising Frustrations

Many members are expressing their disenchantment, emphasizing a lack of clarity in the project direction. As frustrations grow, so does the skepticism, leading to comments regarding potential scams and unfulfilled promises.

Key Themes Emerging from User Reactions

  1. Eroding Trust: "They had something going for them. I think they are toast now," stated one investor. Another chimed in, "Definitely a joke of a project. They teased and announced Enterprise partnership for YEARS and nothing till this day."

  2. Legitimacy Concerns: While some suspect outright deceit, others are merely cautious. A new comment highlighted these fears: "I sold for a loss because the project is a scam."

  3. Communication Headaches: Users continue to criticize the complexity of the white paper, with one insisting, "Check the white paper with an eye towards unnecessary complexity and you’ll see that’s all it is." Moreover, some are seeking guidance on financial aspects, asking, "Anyone can help to guide how to get COTI out of MetaMask?"

"It was always clearly a scam," stated a long-time observer.

Sentiment Insights

The sentiment on various forums remains predominantly negative, characterized by pervasive feelings of anger and disappointment. People feel misled, suggesting a growing distrust that could severely affect the project's credibility.

Key Points to Consider

  • πŸ” Shift in Focus: Ongoing concerns about substance since V2 rollout, leading many to feel confused.

  • ⚠️ Trust Woes: "I got out when they changed direction to V2. It’s all PowerPoint marketing."

  • πŸ“‰ Legacy of Displeasure: "They keep releasing BS version after version with no real solid utility or plan."

  • πŸ’Έ Monetary Concerns: A comment quipped, "How else they going to give themselves free money? Lol"

As doubts continue to swirl and sentiments remain high, the critical question remains: Can this project restore the trust it’s lost, or are they on a path of further dilution? The crypto community watches closely.