2026-01-17 15:29:04

A certain Gas project distributes airdrops by generating Gas reports through wallet binding on their official website. The project has a strong funding background, led by well-known VC Polychain with a $12 million investment.

According to participant feedback, users can receive token rewards by binding wallets they have previously interacted with. One user bound a wallet with a history of multiple interactions (approximately 15 ETH in Gas fees) and ultimately received 4,000 project tokens. Although the final value of the tokens is difficult to estimate, the participation threshold is simply binding a wallet, with no additional costs or time investment, which has attracted many users to try.

However, from a tokenomics perspective, caution is warranted: the community share adopts a 4-year linear lock-up mechanism, while the tokens held by the foundation have no lock-up restrictions. This asymmetrical release schedule could pose a significant dumping risk—foundation tokens can be sold in large quantities at any time, while community tokens are restricted by long-term lock-up, leading to an imbalance of interests. Participants should carefully assess this potential risk.

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RunWithRugs

· 6h ago

Another project endorsed by Polychain. Did they finally learn their lesson this time? Same old trick—foundation locks tokens for 0 years, community for 4 years. I just want to ask, who will step in to take over? Free coins for binding your wallet? Wake up, isn’t this just data harvesting? 4000 tokens are worth very little. Let’s see when the foundation starts to dump. Low threshold = high risk. When will people remember this principle? Investments by Polychain aren’t necessarily reliable. Remember the last one? Asymmetric lock-up is really ruthless. The community gets trapped, while the foundation remains free. They’re probably about to get cut again, as usual.

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MevShadowranger

· 6h ago

Hmm... It's the same old trick again, the foundation doesn't lock tokens while the community is locked for 4 years? The difference is too obvious. Projects invested in by Polychain are not necessarily stable; it depends on how the tokens are distributed. Free airdrops are fine, but don't expect to get rich. The community lock and foundation no lock? Typical scheme to cut the leeks. Just by binding your wallet, you can exploit it; be careful with this. 4-year lock vs. unlimited release, this really looks down on the community. Anyway, just play around, don't go all in. It's the same old story, the fundraising plans are all learned from bad examples. Just looking at Polychain's investments and deciding to get off? The economic model is the key.

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DefiSecurityGuard

· 6h ago

bruh the vesting asymmetry here is textbook rugpull setup. community tokens locked 4 years but foundation holding zero restrictions? literally seen this exact pattern before the great cascade of 2023.

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