Be cautious about buying the dip on Ethos Network $WHUF:
1⃣ The CEO has explicitly said it won’t be listed on Binance or Upbit, and won’t do any business with Binance whatsoever;
2⃣ The CEO said that 85% of the 8.4M USDC raised in the public sale (≈7.14M USDC) was locked in the treasury, but in reality, most of it has already been transferred to Coinbase;
🔺 Redeeming requires you to manually verify your identity and complete anti-money laundering checks, after which you’ll be refunded via the original payment route within 30 days. Off-chain verification can easily get held up—and why was 85% of the collateral withdrawn if refunds are being sent back the same way? Of course, the main point here is that the messaging is inconsistent;
3⃣ The pool added 100k USDC + 20k $WHUF in the 0.5–50 range. The CEO keeps stubbornly insisting that most of the liquidity is on CEXs, but there’s nothing particularly different about CEXs, so the CEO has expressed dissatisfaction with Coinbase;
4⃣ The liquidation price of 4.2 and buyback price of 3.57 have already been breached. There are holders representing 20% of the supply desperately waiting to break even, and I don’t think the price will be pumped so they can exit smoothly;
5⃣ Of course, the most important thing is the project itself. There’s demand for on-chain verifiable identity, but I can say with confidence that Ethos won’t be the answer in this sector. It has no real-world applications or actual revenue at the moment, and apparently it may pivot to prediction markets in the future;
In the end, this project is no longer worth paying attention to. Remember to withdraw the ETH you put up as collateral in Markets (the ETH you bought at $1,600 😂), then uninstall the extension, and you can say goodbye!!
1⃣ The CEO has explicitly said it won’t be listed on Binance or Upbit, and won’t do any business with Binance whatsoever;
2⃣ The CEO said that 85% of the 8.4M USDC raised in the public sale (≈7.14M USDC) was locked in the treasury, but in reality, most of it has already been transferred to Coinbase;
🔺 Redeeming requires you to manually verify your identity and complete anti-money laundering checks, after which you’ll be refunded via the original payment route within 30 days. Off-chain verification can easily get held up—and why was 85% of the collateral withdrawn if refunds are being sent back the same way? Of course, the main point here is that the messaging is inconsistent;
3⃣ The pool added 100k USDC + 20k $WHUF in the 0.5–50 range. The CEO keeps stubbornly insisting that most of the liquidity is on CEXs, but there’s nothing particularly different about CEXs, so the CEO has expressed dissatisfaction with Coinbase;
4⃣ The liquidation price of 4.2 and buyback price of 3.57 have already been breached. There are holders representing 20% of the supply desperately waiting to break even, and I don’t think the price will be pumped so they can exit smoothly;
5⃣ Of course, the most important thing is the project itself. There’s demand for on-chain verifiable identity, but I can say with confidence that Ethos won’t be the answer in this sector. It has no real-world applications or actual revenue at the moment, and apparently it may pivot to prediction markets in the future;
In the end, this project is no longer worth paying attention to. Remember to withdraw the ETH you put up as collateral in Markets (the ETH you bought at $1,600 😂), then uninstall the extension, and you can say goodbye!!