$FREEDOM shifting full DEX after getting wrecked by CEX scams twice
Launched April 2018 on DEX at $70k valuation
Hit $360M ATH in 2018 and 2021
Both times nuked by CEX hacks/exit scams dumping supply
The carnage:
23 CEXs exit scammed (AAX, BitMart, Latoken, Coinsbit, etc)
5 CEXs hacked (Hotbit, Bilaxy, Vindax, etc)
Lesson for new projects:
- Only list top 10 CEXs or don't bother
- Market making required but watch for wash trading traps
- DEX > CEX for survival
Current price still bleeding from recent BitMart/Latoken exits but onchain holder count staying strong
Pivoting 100% DEX once this settles
This is why CEX listings can kill your project faster than a rug
Launched April 2018 on DEX at $70k valuation
Hit $360M ATH in 2018 and 2021
Both times nuked by CEX hacks/exit scams dumping supply
The carnage:
23 CEXs exit scammed (AAX, BitMart, Latoken, Coinsbit, etc)
5 CEXs hacked (Hotbit, Bilaxy, Vindax, etc)
Lesson for new projects:
- Only list top 10 CEXs or don't bother
- Market making required but watch for wash trading traps
- DEX > CEX for survival
Current price still bleeding from recent BitMart/Latoken exits but onchain holder count staying strong
Pivoting 100% DEX once this settles
This is why CEX listings can kill your project faster than a rug
