The Ethos team really dropped the ball—launched and immediately tanked. Projects that don’t care about the community always end up the same way. Early on, they used NFTs or XP to stir up speculation in the community, but when more people joined, they suddenly announced there’d be no airdrop. Then they sold tokens: 20% base:0xeeee77bc7e82c0d4166d52f58239d4c5bf41eeee sold via auction. A total of 1,560 people participated in the auction, raising $8.4M; liquidation value was $42M, which equals $4.2/base:0xeeee77bc7e82c0d4166d52f58239d4c5bf41eeee. Now it’s at $3.2! The auction had one good thing: the max loss was capped at 15%. After the 30-day lock-up period, the 85% price guarantee for staked tokens will kick in, and you can redeem within 12 months at the guaranteed price of 85%. That’s $4.2 * 85% = $3.57! From now on, projects with bad reputations like this should just be blacklisted. Even if you come across their next project, they’ll still pull the same shady moves!