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JeetuProfile· Questionable@reddio_comOn Ethos
Reddio
6 reviews, 17% of them positive.17% positive · 6 reviews· Influence factor 13, above 2% of accountsWhat people say
Received · 6Given · 0“A common scam in attractive packaging”Reddio is a modern Layer-2 network in the Ethereum ecosystem. Their goal is to make the blockchain faster and more powerful so that it can handle more demanding applications, especially those that require heavy computation or AI. It sounds very appealing, especially when you add in the investment from Paradigm, one of the leading funds today. Everything pointed to the project having the makings of good development. But that was only in theory. In practice, it started with the fact that testnet participants received almost nothing for supporting the project in its early stages. Some were given a couple of dollars, while others received nothing. Of course, there were those who made money, but they were few and far between. The most interesting part came later. The token began to fall. The idea turned out to be useless to anyone. According to unconfirmed information, the team was also involved in the fraud. As a result, today almost everyone has forgotten about the project. The project is of no interest to the community. Early investors are recording losses, as the price of the token is close to zero.
Alex Dark · 1295· 1y ago · negative10
Alex Dark · 1295· 1y ago · negative10“Another dead L2”I wonder how Paradigm evaluated the team and the project before investing in it. Even the interface looks tasteless, not to mention that it’s unclear why this L2 is needed at all.
sangvin | Delovoy DAO 👔 · 1464· 11mo ago · negative5
sangvin | Delovoy DAO 👔 · 1464· 11mo ago · negative5“scam team by paradigm?”The project was created by a group of people affiliated with investment funds -> these funds invest in the project -> the project pretends to be developing for several months, while in reality it's simply stalled and hiding almost all the money in secret accounts -> then the project lists on certain exchanges and conducts an airdrop -> the price drops by an average of 50-70 %% on the same day = the project is happy because it made money without actually creating a proper product. The investment funds either broke even or laundered money through this project (I have no specific information, only speculation). And the community is left with only a paltry airdrop. Oh, and by the way, their disgusting and irresponsible behavior on Discord made it clear that the project would die immediately after the dropp. And that's exactly what happened..
kiriruwu · 1276· 1y ago · negative5
kiriruwu · 1276· 1y ago · negative5
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