I’ve never seen a launch as mismanaged as $ARTH / $ARTHX by @TheMahaDAO. Genesis investors promises 30-50% discount ended up diluted by more than 90% due to v1 numbers being purposely hidden from docs. @senamakel, why is a $10k genesis contribution is now $500 one hour in? Fraud.
The team whitelisted themselves to add liquidity and also we’re able to trade the pair before the public. I haven’t checked onchain analytics yet but price impacts were moving before trading was opened. I’ll be looking into this soon for more data.
The team also muted the chat for 3 hours upon launch with no explanation or warning. They used investors for v1 exit liquidity, muted communications to hide it, and ignored all warnings. @TheMahaDAO publically scammed the genesis providers and they need to answer for it.
Their comments are “you didn’t read the documents” when myself and others read all material prior to investing. They didn’t disclose v1 numbers purposely or swap ratios of V1 $ARTH to $ARTHX. Throughout the week they’ve been adding disclaimers and warnings to cover themselves.
Any commentary on the topic they refer you to their legal team. @senamakel scammed everyone and most @TheMahaDAO members are too naive to see it. Perfect example of what is wrong with crypto. Please stay far away from both, great example of what is wrong with crypto.
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