Kaspa Community Shouldn’t FUD Qubic as Pump and Dump Scheme; the Promising Project Shares Many Similarities with KAS – Expert
Popular Kaspa community member John Doe recently posted an impassioned plea urging the Kaspa community to refrain from spreading “baseless FUD” about the fledgling cryptocurrency project Qubic, which has seen massive gains lately. He draws direct parallels to the early days of Kaspa itself, when it too faced false accusations of being a “pump and dump” scheme. As veterans of that experience, Kaspa members should know better than to heap the same criticism on another promising young crypto venture.
Misguided Newcomers Lack Perspective
Much of the recent FUD comes not from longtime Kaspa community members, Doe points out, but rather new holders who likely jumped on the bandwagon amid the recent crypto bull market. These relative crypto newcomers lack the experience and perspective to make informed judgments about other projects in the space. “New #Kaspa members should take note & act maturely,” Doe advises.
The community member then drew several parallels between $QUBIC and $KAS to dispel the FUD:
- Community-Driven Projects: Both $QUBIC and $KAS are community-driven, with no premine, VC funding, private sales, or team allocations.
- Marketing Strategies: Neither project engages in paid marketing.
- Long-Term Development: Both have been in development for over a decade.
- Founding Developers: $QUBIC’s founding developer, CFB, is compared to YS of $KAS, noting their significant contributions to the crypto and blockchain industries.
- Documentation and Tokenomics: The lack of an official whitepaper for $QUBIC is not seen as a concern, given the availability of other documentation. The tokenomics of $QUBIC, including its coin circulation, mining inflation, and burn mechanisms, are highlighted as misunderstood yet crucial aspects.
The member also addressed the FUD surrounding CFB, the founder of $QUBIC, emphasizing his long-term commitment to the project and dismissing claims of him being a “pump and dumper.” They noted that CFB’s departure from IOTA was due to differences in vision, not abandonment.
And just as Kaspa was undervalued early on, Doe believes the same is true of Qubic now – he expects its market cap to top $1 billion soon based solely on fundamentals and developer credentials.
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In closing, Doe calls on the Kaspa community to lead by example, spreading “kindness, acceptance and rising above baseless FUD” as respected leaders in the cryptocurrency space. Their unique shared history with Qubic puts Kaspa members in a privileged position to take the high road.
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