《Three Questions for Bitlayer: Rugging, Token Price Crash, and Ignoring Community Concerns》 Not sure if the project team is just farming engagement or if they truly understand the voice of the community. I’ll try to stay calm and not curse. Let’s lay out the facts first. ———————————— 1. Everyone got rugged, admitted losses—why treat on-chain users differently from Binance Alpha? As an ancient project that’s been dragging on for so long, most community users have been rugged hard, with many not even recovering their Gas fees. While there’s currently no evidence of insider trading, based on the information gathered: 1) After completing a total of 17 activities and being PUA’d for over a year, countless retail investors ended up with rewards almost equal to what Binance Alpha users earned in just one week. So, were early supporters just stepping stones for your listing? Behind this differential treatment, are you trying to build a project or just cash out while the market is hot?? 2) Some community members reported that in late 2024, they stored funds in the ecosystem to open treasure chests and receive tokens, but after TGE, the tokens weren’t distributed?? Not even a refund?? Are you stealing users’ money? And there’s still no explanation to date? 3) During early ecosystem rug events, you promised equivalent compensation, but when it came time to deliver, you slashed the value directly?? ———————————— 2. Token price crash—who’s dumping and selling off? The project raised $25 million, peaked at $0.21 after launch, and has since crashed to the current $0.08—a complete nosedive. Not to mention early participants in the Coinlist public sale suffered heavy losses. VCs and the team control over 40% of the tokens, with another 40% allocated for ecosystem incentives. With the project team holding such a large portion of the supply, who exactly is dumping and crashing the price?? ———————————— 3. Community outrage—why are investors deleting tweets, and why is the team still silent? From the moment the airdrop was revealed to the post-TGE token crash, both Discord and X (formerly Twitter) have been flooded with complaints. But here’s the most dramatic twist: Du Jun, a key investor, directly deleted his tweets related to Bitlayer at the time. Amid the current uproar, is this really the right move?? Won’t this further fuel market panic and cause even more damage?? Finally, a few questions for the Bitlayer team: With users rugged en masse and secondary market buyers suffering heavy losses, please respond directly: Why are early promises not being fulfilled? Why are on-chain veteran users being treated differently? Why are you playing dead amidst the backlash? Chinese projects already struggle to gain trust from the community—this is an unfortunate reality. If you remain inactive, it will only deal another blow to the already crumbling trust. At the very least, you shouldn’t stay silent. At the very least, you owe long-term supporters a clear response and a proper resolution!!