After careful consideration, I have decided not to invest in the $HYPE project due to several reasons
- The first and most important, the tokenomic locked term for the team and investors is too short, which suggests that the project is geared towards selling tokens to users. The selling pressure is very high, which is reminiscent of the Ripple project, where the former CTO Jed sold his XRP holdings every week, leading to a lack of upward price movement.
- Secondly, it appears that there is no dedicated team working solely on this project.
- Additionally, the founder Toufi Saliba has a history of building failed projects that were eventually closed after only a year or 1.5 years. While he was a speaker at a Cardano event called Rare Bloom Day One, it is concerning that Charles was on stage with Bitboy, who has a reputation for promoting failed projects, deleting evidence, and plagiarizing content. This lack of credibility makes me less inclined to trust this event Show Less
