To be honest, it’s kind of ridiculous. When $IKA goes down: the haters mock it, yelling “$IKA is done!” When $IKA goes up: where did all the haters go?lolol? Posting stuff like that just looks immature. Any newly launched token is going to have meme-level volatility. When it pumps, the haters get mocked; when it dumps, the believers get mocked. It’s laughable to judge a project’s success or failure based on how the token moves in a single day. What actually matters is long-term success. It’ll matter in 3 months, and it’ll still matter in 3 years. The noise right now? It means nothing. My pick? $SUI & $WAL
@Oslanar197019 Just in case you didn't know how I think of IKA.
It’s not that mdrop is inherently bad. From the beginning, my stance has been simple: if you’re going to use mdrop, you need to decide and announce that before starting any activities that promise token rewards, so that participants are fully aware of what they’re opting into when they join the network. In the case of $IKA in particular, many of the required actions were costly. Leveling up NFTs involved spending a fair amount of money, so naturally, users are sensitive about the airdrop. But the team never made any public announcement early on about adopting an mdrop model. They didn’t clarify how much SUI would be needed to redeem the tokens, nor what percentage of the total airdrop would require payment. (At first, they said it would be 50% at the time of ad claim, but now it turns out to be 85%, which is another issue.) As a result, many community members only found out on the day how much SUI they would have to pay to redeem their tokens—leading to feelings of betrayal and anger. Of course, this alone wouldn’t have been a big problem. But frankly, IKA has shown issues in communication and various other areas as well. Shall I list a few? 1. During the NFT mint, they made people work hard to get a whitelist, but then removed the WL requirement during the actual mint. 2. When SUI experienced the Cetus hack incident, they made an insensitive joke implying that SUI is so fast, even hack funds get drained quickly. Personally, I’m deeply dedicated to the Sui ecosystem, and I plan to continue supporting projects that can make a meaningful impact in this industry and in Korea. But that doesn’t mean I can blindly support every player. If we want to see meaningful players emerge within the Sui ecosystem, they need to be teams that execute well and maintain a good attitude. Karma is real.
@gaffer_sui
It’s not that mdrop is inherently bad. From the beginning, my stance has been simple: if you’re going to use mdrop, you need to decide and announce that before starting any activities that promise token rewards, so that participants are fully aware of what they’re opting into when they join the network. In the case of $IKA in particular, many of the required actions were costly. Leveling up NFTs involved spending a fair amount of money, so naturally, users are sensitive about the airdrop. But the team never made any public announcement early on about adopting an mdrop model. They didn’t clarify how much SUI would be needed to redeem the tokens, nor what percentage of the total airdrop would require payment. (At first, they said it would be 50% at the time of ad claim, but now it turns out to be 85%, which is another issue.) As a result, many community members only found out on the day how much SUI they would have to pay to redeem their tokens—leading to feelings of betrayal and anger. Of course, this alone wouldn’t have been a big problem. But frankly, IKA has shown issues in communication and various other areas as well. Shall I list a few? 1. During the NFT mint, they made people work hard to get a whitelist, but then removed the WL requirement during the actual mint. 2. When SUI experienced the Cetus hack incident, they made an insensitive joke implying that SUI is so fast, even hack funds get drained quickly. Personally, I’m deeply dedicated to the Sui ecosystem, and I plan to continue supporting projects that can make a meaningful impact in this industry and in Korea. But that doesn’t mean I can blindly support every player. If we want to see meaningful players emerge within the Sui ecosystem, they need to be teams that execute well and maintain a good attitude. Karma is real.
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