Six major evidences of the elaborate scam ZORA exposed

Author: IceFrog Source: @Ice_Frog666666

ZORA is on fire. After all, in the history of Web3, it is rare to see a project that can directly cause the community to lose 90% per capita through an "insulting airdrop".

Behind these emotions, it is not just economic losses, but more of an endless anger at the project party for directly and openly trampling on the trust of the community.

In another sense, perhaps what they sent was not an airdrop, but a death notice to themselves.

Evidence 1: Exaggerating airdrop expectations, inducing users to participate, but actually unilaterally harvesting

Since 2023, ZORA has continued to hint to users that "there may be token rewards in the future", inducing users to spend real money to participate in NFT mint, with gas fees as high as more than US$2, and some users have invested huge amounts.

The result? When the airdrop was issued, most real users only received 1 to 10 ZORA." This kind of humiliating airdrop?

I don't know if the project owner still has the face to do so. If you are a normal person, you can't think of such a plan. This is not an airdrop at all. This is clearly the project owner sending beggars away and trying to get a handful from the beggars' bowl.

Evidence 2: Manipulating data to cover up the fact of self-enrichment

Before the airdrop was launched, ZORA had leaked the query API many times, the data jumped back and forth, and the information obtained by early inquirers was constantly corrected or deleted.

What does this mean? It means that the project owner is very likely to arrange an exit channel for some insiders in advance.

After it was revealed that the founder of Base held a large number of tokens, the founder asked the author to delete the tweet!

Evidence 4: The team has a high proportion of unlocked tokens, ready to harvest the market at any time

On-chain data shows that the ZORA team controls:

Nearly 20% of the unlocked tokens have been transferred to the team wallet as early as one month before the airdrop; there are also 9% of the team tokens in the white paper, which will be unlocked linearly after 6 months.

This means that after 6 months, the team holds nearly 40% of the tradable chips. Is this a fair distribution? No, this is a project ready to go straight to the direction of collapse, no matter how big the flood is behind it.

The specific address is as follows:

0x74b5832803d39551dca514085263bd46658d13f2 4.1%

0x35d5fBef45b1F2167796A2fdbA00D80C44B9529D 3.7%

0x15f43F8897f7D2cfA41aa00132706DbDb11acc2f 2.65%

0x3c2560D097a3d7797171ab99F4099A90d2aA61ab 2.65%

0x985Ee1cCb0F2Ac6091ee54Ea30D73D6c8072Bff1 1.1%

0x1e1Fe6F5E3359C1284774994AEA1763e190Abe34 0.59%

0xB0E2E4ba9BD4Fc9420CD121b4E3921f9CAFefB97 0.34%

0x6E35C3113bF4bd885b4D77aCCAdC77Cb44461a16 0.28%

0xBE6045F1d3414cE08E8defd843aAd80006236C24 0.25%

0x7dD66F1A2517aCa9988c292CCDE4B7eE5eA31063 0.19%

0x421AB8b6d7D6451E1f2EeC6D5530C03Cd849fac2 0.18%

0x081769E30B17452b8B13d2fc0F6adf5c50D56d5D 0.17%

ZORA closed the Discord community as early as March, completely cutting off the public opinion connection with real users.

The community is angry, but the project side is silent. It's not that they don't respond, but that the project side openly stabs the community and no longer communicates. After all, the airdrop hasn't been issued yet, and I'm hanging you. This is almost clearly telling the community: What you say is not important; how we make money is important.

Evidence 6: Abandoning community users, sliding to Binance, and cashing out profits

The most ridiculous thing is that the community has interacted for many years and made countless contributions, but was arranged with "1 humiliating airdrop"; while Binance Alpha users got the tokens in advance and started to smash the market directly.

The project team told the community "We need to build the future" and told Binance "I will kneel down immediately".

Real users burn their expectations;

The powerful accounts enjoy the market crash.

Binance and Zora, together, wield a huge sickle to harvest community users, shamelessly enough to shock.

From motivating creators and building communities to closing channels, backstabbing users, and kneeling down to lick Binance, every step of ZORA accurately practices four words: destroy trust and destroy the industry.

Sadly, the ideal of Web3 was not killed by North Korean hackers, but was buried by these garbage projects that are labeled "Build" but actually have rotten kernels. They don't want to build communities at all, and they never respect users.

They just want you to pay gas, mint NFTs, and help them increase their on-chain activity, and then use the airdrop to exchange for a "Binance green channel" to achieve a decent cash-out escape.

The essence of ZORA is an "elite arbitrage project" disguised as a community. ZORA shows us that the real industry risks are never entirely these hackers, but these "project parties" who wear the halo of Web3 but have long since deviated from the bottom line.

For this kind of project, I sincerely call on everyone to fight back together, not for compensation, but to leave a little hope for Web3, and I also hope that the project parties in the entire industry understand: You can fail, but you can't be shameless; you can try and fail, but you can't cheat; you can reap, but you can't backstab. Be a human being.