The Unfettered TGE occurred today (05-23-23).
It was released on two CEXs (MEXC & GATE) and listed on QuickSwap DEX (Polygon).
The launch wasn't impressive, but, in all fairness, any project attempting to launch now would need nothing short of a miracle to achieve any success. This is not some well-kept secret, so almost no projects are launching under these market conditions.
Hence, I can't help but wonder why this project disregarded the warning signs and proceeded regardless. It likely aligned with some aspect of the game launch or internal factor they felt they couldn't postpone. Regardless of the reasons, the investors are the ones who suffer the most here, so this is minus one star in my book.
The second problem I have is becoming all too common: pre-launch manipulation!
Whether it's incompetence within the team when dealing with the Liquidity Pool (LP), insider manipulation, or a myriad of other reasons, this is bad, and I've deducted another star for this reason. You can see for yourself here:
https://www.dextools.io/app/en/polygon/pair-explorer/0x25007f00a12f32b9ef3158875fcc03a094dd29dd
I would have reduced my rating to one star if it weren't for three factors, which you can clearly see in the image below.
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The pre-launch transactions were mostly purchases, so if there is a silver lining, it would be that the price increased, but it could have easily swung the other way.
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The price hasn't fallen below the IDO price of $0.009 (as of the time of writing), which attests to the project's strength. I've seen numerous IDOs quickly fall under the IDO in the last 60 to 90 days, so only the early investors remain profitable, while the Public Round investors bear the brunt.
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Retail investors (99% of us) can enter this project at a great price, which in the long run, will be much healthier for the project. Show Less
