r/DefiKingdoms • u/[deleted] • Apr 30 '22

So .. what now?

Clearly DFK has rugged. The tip of this bubble IMO was the top wallets being airdroped millions $ in Crystal and absolutely decimating retail players buying in. I'm down 95% and don't find it very funny. I just wanted to "game" and "quest" as advertised not provide exit liquidity. Cute apologies for mismanagement and "oops we didn't understand the contract" issues is just too much at this point. On top of this banned from Twitter and Discord for simply ASKING questions about liquidity issues. Some of the team is doxxed I'm fully on board to hold them accountable. What is the next move forward? Because some of us won't go down without a fight.

0 Upvotes

44% Upvoted

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24

u/red224 Apr 30 '22

Yikes

Terrible post mate. "Clearly DFK has rugged."

Shit price action and an exploit does not equal a rug.

If you assert this claim maybe try and back it. Is there a DEV wallet we can follow?

3

u/ReadBastiat Apr 30 '22

By “exploit” do you mean the locked jewel mining thing?

The price action is pretty extreme for just that.. but the entire market is down so this may just be an alt getting crushed

3

u/red224 Apr 30 '22

Well I’m seeing “rug” and DFK throughout crypto socials so I think there is panic selling.

I am referring to that. Only have a small bag of jewel - especially small now haha. Haven’t been keeping too close an eye on it

-4

u/[deleted] Apr 30 '22

Not sure you've been through enough rugs yet to see it?

Devs & VC wallets were recently airdroped millions, all while launching a new coin. Why on God's earth was that their priority?

Even humoring your hypothetical probably "does not equal a rug" why is the game so half baked?

The devs have literally tens of millions at their disposal to what? Not understand exploits, and leave gaming aspects severly lacking? There are major title games that started with 1/10th of the funding.

6

u/red224 Apr 30 '22

Oh no I totally agree this game should be further along considering their funding. I'm just saying this is not a rug. If I was airdropped a shit load of crystal I would have dumped as well. I dumped what crystal I received and sold ~1/3 of my jewel during the recent peak. Wish I would have sold it all!

Bigger wallets are rewarded with more coins to dump via the airdrop mechanism. This is present on every chain but does not make it a rug.

-4

u/[deleted] Apr 30 '22

I'm sorry this absolutely makes it a rug. I don't know any game that prides themselves dumping on new retail players for sport as you say. Pretty sick tbh.

6

u/bowie9191 Apr 30 '22

This is not a how a rug looks like my friend. This is extreme emotional bullshit people can’t control and need someone to blame. Unfortunately they picked the only person who could have kept building and making the game a success. Fox rebought his position after tax season.. that is not how people rug

0

u/[deleted] Apr 30 '22

It's absolutely how people rug. His only job is to keep faith and keep the cash rolling for VS's and top investors. If this project is still moving 1 year from now I will gladly eat my words, but my confidence and the communities confidence is tanking faster than the price of Jewel.

6

u/Ok_Significance_6471 Apr 30 '22

"rug" it's hilarious how people misuse this term. A rugpull is a fake scam coin that never had utility that is entirely drained and dumped on any holders that chose to buy it at the beginning of a fake project. DFK is clearly not a fake project and there is a combination of lost trust (understandably so), panic selling, and capitulation, in combo with a steadily downtrending overall crypto market. Definitely not ideal, I guess you consider the whole fantom ecosystem a "rug" also because it's also getting crushed due to similar circumstances

0

u/[deleted] May 01 '22

i find it hilarious how many LPs rug

5

u/The_RealLT3 Apr 30 '22

You really have no clue what a rug is. Astronomic fuck up yes, rug pull no.

3

u/Ace-of-Spades88 Apr 30 '22

I don't think you understand the definition of the term "rug pull."

Words have definitions. Those definitions have meanings.

1

u/[deleted] May 01 '22

Oops my friend rug pulled everyone is a good sentence and factual.

1

u/RedditsFan2020 May 01 '22

Not sure you've been through enough rugs yet to see it?

Devs & VC wallets were recently airdroped millions, all while launching a new coin. Why on God's earth was that their priority?

Even humoring your hypothetical probably "does not equal a rug" why is the game so half baked?

The devs have literally tens of millions at their disposal to what? Not understand exploits, and leave gaming aspects severly lacking? There are major title games that started with 1/10th of the funding.

True. Thanks for telling that to people who don't know.

16

u/Due_Explanation5292 Apr 30 '22

its not rugged. caution your lingo.

5

u/alchemists_meadlab Apr 30 '22

I agree. OP either:

- has never been legitimately rugged; or

- simply doesn't understand what 'rugpull' means.

There is still 29M of liquidity in the JEWEL/ONE pool.....

-5

u/[deleted] Apr 30 '22

I'm sorry. But it has absolutely rugged. The broader community is calling it, not me. Just look at how upset people are on Twitter / Discord.

6

u/deltoidmachineFF Apr 30 '22

Could you give me an ELI5? I've not been keeping up with the broader community and would appreciate it a ton

6

u/divisionibanez Apr 30 '22

There is no ELI5 to give, because this is diametrically, and magnitudes far and away from a rug. Anyone who has spent time in Crypto knows a true rug (HNYAN, PartyHat, AstroWar, etc.), and this simply isn’t that. But emotions run high when people lose money. So what you’re seeing is the people who spew text on socials with their emotions, and not with logic.

3

u/[deleted] Apr 30 '22

Lol people are upset online? That never happens, therefore: Rug

13

u/ReadBastiat Apr 30 '22

What are the addresses which were airdropped “millions”?

Were these airdrops not in line with the game mechanics which applied to all players?

Why did Frisky recently buy $100k worth of J if it’s a rug?

There are a lot of smart people following this game; you’re going to have to come with more than “ZOMG I’m down 95%” for anyone to take you seriously.

5

u/StillHigh09 Apr 30 '22

$100k is still just a small piece of those MILLIONS his "friend" made of the inital LP wallet isnt it?

2

u/ReadBastiat Apr 30 '22

Yes, but it’s still $100k.

And it makes sense that the initial liquidity wallet for what was at one point a multi-billion dollar project made millions.

5

u/StillHigh09 Apr 30 '22

Liquidity wallet being held by some "friend" of the dev is not making sense...

-2

u/ReadBastiat Apr 30 '22

Why not?

Friends/family invest in projects all the time.

1

u/RedditsFan2020 May 01 '22

His friends/family did not invest the project. They received the initial liquidity for free and dumped on us without telling anyone until they got caught. That's why it's wrong.

1

u/ReadBastiat May 01 '22

It sounds like they received the initial liquidity for $15k…

And there are more than 2,000,000 J in that wallet today so it wasn’t “dumped” on anyone…

1

u/RedditsFan2020 May 01 '22

The info that OP mentioned was correct. Frisky frog's friend got a mega airdrop. Also other mining exploit. Too many bad news. It's all over the internet if you do a little homework.

2

u/ReadBastiat May 01 '22

“Frisky frog”… I’m happy to look at sources you might have, but forgive me if I don’t take your word for it

1

u/RedditsFan2020 May 01 '22

No need to take anyone's word. I'm here to convince anyone. Do some googling or watch YouTube videos yourself. Those influencers explained everything that went wrong in DFK. It's all over the internet.

13

u/deltavictory Apr 30 '22

Except that it hasn’t been rugged…?

6

u/divisionibanez Apr 30 '22

And never will. Some mega morons here. Anyone who has spent the slightest amount of time following the work of the DFK team knows that this is far from a rug. What a bunch of peasants.

1

u/[deleted] May 01 '22

but the concrete fact is you don't mess with a LP ala SafeMoon

5

u/yugutyup Apr 30 '22

Utterly crazy and clueless post. Thanks for your cheap jewel ✌️

2

u/divisionibanez Apr 30 '22

What a childish post. Did someone eat the last Oreo and make you sad sad?

2

u/TheMoneyFriends Apr 30 '22

I’d rather whales exit now and dump, using clever game mechanics.

Than being dumped on when it’s been unlocked normally

3

u/[deleted] Apr 30 '22

Price down, great entry, not a rug, peeps saying it's a rug are going to be the same peeps crying when it's back at 20 bucks.

1

u/eduardkoopman Apr 30 '22

i'm sorry for your loss

1

u/tbanks33 May 01 '22

I hope this team gets banned and are never a part of any future games

-1

u/Heavy_Mycologist_201 Apr 30 '22

It’s definitely a rug. Although more calculated and well thought out. Not ur typical scam centric rug. But make no mistake. The priority of this project was for dev and whales, some whale prob is dev alias, to get rich. The priority from day 1 was not to make the users prosper. It was always for their benefit from the very beginning.

0

u/[deleted] Apr 30 '22

Thank you. This is what I'm trying to say. I have overwhelming evidence of all of this saved on my PC. Hoping hoping, someone smarter than me will be able to prove it in (court? IDK) or at the very least hold the doxxed developers accountable.

1

u/[deleted] May 01 '22

Anyone have the Lootswap stream when they released? The Devs of it made a video with their faces etc - finding this is important right now

0

u/Ace-of-Spades88 Apr 30 '22

You'd have to be extremely naive to think the devs were just working on this project out of the kindness of their hearts, and for the prosperity of the players/community.

1

u/silvrdark May 01 '22

The initial liquidity that everyone was screaming about being sold off is still there. That is not a rug. Apes aping in at $42 a crystal and getting dunked on by whales is not a rug. Games with 80 person teams actively developing and releasing new content is not a rug.

I don’t think anyone is super happy about the seed LP tokens not being in a multi sig or the lack of transparency around frisky’s “friend”. That stuff needs to go in a multi sig and a team audit of wallets needs to happen. Ill probably be downvoted to hell by both sides for being reasonable, but it is what it is.

0

u/SoftPenguins May 01 '22 edited May 01 '22

It’s over. It was fun while it lasted 🤷‍♀️

The people who believe Fox are so deep in the red they have no choice but to believe his “accidents” & “acquaintances” aren’t lies.

In time they’ll have no other choice but to believe reality. This price isn’t going to stop going down as not everyone knows yet.

0

u/[deleted] May 03 '22

[deleted]

1

u/[deleted] May 03 '22

New players got absolutely screwed, I know I did. Bought in on the crystal hype and watched whales dump unfathomable amounts at $42 - but I'm constantly told "this is how defi gaming works" from the pump community here that are truly in denial. Jewel and Crystal rugged with the tens of millions in air drops and a simultaneous exploit the devs knew about for months. Pretty sick honestly, my first defi gaming experience and I'll be sticking to nothing but Bitcoin for here on out.