Key Takeaways
- TICS crypto token plummeted 96% following its controversial airdrop.
- Quebetics community accuses the project of broken promises and scam-like behavior.
- Tokenomics changes and insider selling rumors triggered a mass sell-off.
TICS Crypto Crashes 96% After Airdrop Chaos
Quebetics is a Layer 1 blockchain project of one network that aims to integrate all networks. After a difficult token generation event (TGE), their TICS crypto token dropped 96%, and the project is now in trouble. At first, the token was expected to be launched at the price of $0.33, but on July 24, TICS started at $0.19 and is currently trading at $0.06, thus provoking anger in the crypto market.
There are many investors who assert that Quebetics is the one to blame as it happened that the project was not honest with them about the distribution of the tokens. Without the least doubt, the team of the project gave silly and completely irresponsible guarantees of the full airdrop that was supposed to happen on July 30. Instead of that, they gave only 10% of the total number of tokens — some users even went so far as to say that their share was only 1%, or that they received nothing at all. The last part of the tokens should be released every day, however, this is completely different from the conditions that were guaranteed in the presale.
The convection made its way to social media, the place where Quebetics‘ confirmation post that a 10% airdrop was happening was highly on fire due to angry responses that were flooding in. A ton of participants decided that the team members are definitely the culprits of the scam of a “rug pull” and that they are simply hiding the truth of the prices and the number of tokens they are giving for their own benefit while they do this.
Community Calls TICS a Scam Amid Poor Tokenomics
The crypto community loyalty towards Quebetics is disappearing at a rapid pace. Some leading users went to social platforms like X (formerly Twitter) to express their dissatisfaction, and many characterized TICS as a scam.
Despite claiming a fully diluted market cap of $82 million, the project has only recorded $349,000 in 24-hour trading volume. This imbalance, coupled with last-minute changes to tokenomics, has led to widespread claims of insider selling and manipulation.
The Quebetics team has yet to officially respond to the scam accusations or clarify the exact token distribution mechanics, leaving investors in the dark.
Summary
The Quebetics TICS token launch has turned into a cautionary tale for crypto investors. With a 96% price crash, mismanaged airdrop, and mounting scam accusations, TICS highlights the importance of transparent tokenomics and timely communication. Until Quebetics addresses community concerns, trust in the project remains critically low.
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