With FREEDZ, what I see isn’t “a big name lending credibility”—it’s a project designed to profit from heavy trading.
Let’s start with the facts. There are 8,888 pieces, with mint prices ranging from 0.0033 to 0.0069 ETH. The sale sold out on October 29, and X posts reported roughly 50 ETH in trading volume in about two hours. Then Adam Weitsman snapped up 888 pieces, and the official account posted a special thank-you the next day to its “top holder with 888 FREEDZ.” That’s one wallet holding a tenth of the entire supply.
The Chinese-speaking community quickly piled on: @FokLouis144 posted, “The big players are showing their support for FREEDZ through their actions,” claiming the floor price was already 4.5 times the mint price and that “real FOMO will probably hit tonight after the reveal.” Come on—did you say which mint price you’re using to calculate that 4.5x? The reveal hasn’t even happened, and you’re already hyping FOMO. I know this pitch all too well.
Now for the “deflationary” Burn to Claim mechanism. According to the official explanation, half the royalties from each secondary-market transaction (another official post says 4%) goes into the Community Vault, and any holder can burn one piece to claim all the ETH in the vault. In other words, the vault is funded by royalties everyone pays while trading back and forth. The more trading, the bigger the pool. This so-called deflation is fueled by your transaction fees.
And the rule is that “whoever burns gets everything.” People in the replies have already raised the key questions: @JayM9x asks, what if a bot sees a burn transaction pending and jumps in with a higher gas fee to front-run it? @0xsunnhi asks, does the vault go to the first person to burn, or is it shared among everyone? The answers determine whether you should hold on or rush to claim it. I haven’t seen the official account address either question directly, though it did find time to post that “135 pieces were burned in 3 hours.”
My take is simple: one wallet holds 10%; KOLs are hyping FOMO ahead of the reveal; the reward mechanism grows by feeding on trading; and no one has explained the loopholes in the core rules. The reveal is tonight at 22:00 Beijing time. Do what you want, but don’t mistake the “Weitsman effect” for fundamentals. The cost of his 888 pieces and what you’ll pay at the floor are two different games.
#NFT #FREEDZ