Cryoto Research Firm
Dubai, United Arab Emirates
Joined March 2007
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Coming up on one year.
One of the ugliest displays of crypto in recent history.
Erik Voorhees mistakenly locks his earliest investors then looks the other way while insiders dumped on them.
Never forget what @ErikVoorhees did when he locked his early stakers into a contract (that wasn’t disclosed until later) while insiders dumped the Venice token.
You can see what happened next.
Never forget what @ErikVoorhees did to his earliest Venice stakers (and how they got dumped on against their will).
One of the most cowardly acts in crypto that doesn’t get talked about.
Nets Research retweeted
Never forget what @ErikVoorhees did when he locked his early stakers into a contract (that wasn’t disclosed until later) while insiders dumped the Venice token.
You can see what happened next.
We often blame protocols like Pump dot fun for extracting from the crypto community, but Erik is just as guilty because he chooses to look the other way and not make his victims whole.
Never forget what @ErikVoorhees did when he locked his early stakers into a contract (that wasn’t disclosed until later) while insiders dumped the Venice token.
You can see what happened next.
Bitcoin will eventually be 1M per coin.
Most likely before 2030.
How does that make you feel?
Dig deep.
Nets Research retweeted
Never forget.
“The UI didn’t convey the 7 day cooldown, this was a mistake on our part”.
@ErikVoorhees @AskVenice
The UI didn't convey the 7 day cooldown, this was a mistake on our part. We realized it day of launch and added the message.
The only people weren't aware of the cooldown were those who staked in the first 6 hours of token existence.
Why does the cooldown exist? To disincentivize volatility in the staking rate, because this effects the VCU calculation. We wanted to disincentive the fast in/out stakers who move on every quick market whim, in order to better serve our actual users who need some predictability/smoothness in the staking rate.
Never forget.
“The UI didn’t convey the 7 day cooldown, this was a mistake on our part”.
@ErikVoorhees @AskVenice
The UI didn't convey the 7 day cooldown, this was a mistake on our part. We realized it day of launch and added the message.
The only people weren't aware of the cooldown were those who staked in the first 6 hours of token existence.
Why does the cooldown exist? To disincentivize volatility in the staking rate, because this effects the VCU calculation. We wanted to disincentive the fast in/out stakers who move on every quick market whim, in order to better serve our actual users who need some predictability/smoothness in the staking rate.
Yes it was criminal.
I have it on good authority legal action will be taking place since they haven’t addressed the issue.
Source:
I market bought $500k USD worth of $VVV at an average price of $14 so it's painful for me to share this but this still needs to be addressed
@ErikVoorhees @AskVenice @zachxbt @lookonchain
@traderpow
It appears that someone claimed over a million VVV tokens using over 100 accounts. Screenshot below is a portion of the entire list.
Why do I think it's the same person? These 100 accounts were all funded by the same wallet:
0xA4Fa30fFbcdb5D2411Bd22C4f5e5c11F848cdb4A
And these wallet addresses all have the same amount of Eth and VVV tokens, and all transfer took place at the exact same time
Check some of these wallet addresses on basescan and you'll know what i'm talking about here
0x114df7d7a6cde8123152b5d4c82f634507667bc9
0x78d8e25b63581417121d87cb35fa9542348aa5c5
0x298c0ab18e66ba87a106786e95df191dbc725eda
0x8920cb458e07a8a98b13ba7aa6b12fc99b5244c9
0xf284223c17c54db578595334948602b2fe1fa6d6
0x70dcdfb6569030c4b5daae0d043eb6a8809dbc56
0x3bf0bede569a8fc61b9efde4583498d8fbfbc61e
0xd0916dcaa1c180901311230c6a1ca29a6a063078
0x2fa14c18a406357838a2c53737a76cfd057f4df3
I genuinely think this project can be extremely successful but we need to do something about these 100 wallet addresses because they're collectively holding over a million VVV token, which is a significant amount considering the current supply
Looking forward to your response to this @ErikVoorhees
Spotlight: @AskVenice
$vvv is a AI play on Base currently getting euthanized by token freeloaders dumping their airdrop.
Also deceived loyalists with their sneaky staking protocol that didn’t disclose a desperate 7-day locking period.
Quickly listed by Coinbase so no strong catalysts in coming days.
However, long term this is a super bullish play, especially buys under $8.
Venice has immediate use cases and loyal user base (and overall much stronger tech than other AI plays on Base like Virtuals).