NFT Ethics has provided a thread that Cereal Club is likely a Rug. For the following reasons: Dutch auction at worst would net the team $11m Team is completely anon No Real Roadmap Claims of Venture Capital and Fortune 500 Companies (with 0 evidence) Discrepancies in the discord between OG […]
With this drop and all drops, we recommend doing your own due diligence. These projects passed the formulaic threshold to achieve likely momentum but with all projects there are risks including the developers rugging the project, etc. It is definitely derivative season in NFT land with many of these projects […]
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