Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Swarms: Since the team has too few chips, the price is manipulated. We hope that token holders will join the DAO to increase the team's control of chips.
2025-02-01 06:16

Odaily News Swarms posted on X platform that the team only holds 2% of the chips, which is a mistake, making the price manipulated by malicious holders and exchanges. Swarms is launching a proposal to increase the team's chips to 10%, which will be achieved by establishing a DAO, and then token holders will join and invest in tokens.