@gabby please don’t legitimise this project any further, it’s full of red flags. Beginning with the failure to do due diligence before releasing a product that was broken, to the Twitter marketing objectifying women, and the Telegram with constant chatter of getting enough liquidity to exit. Not to mention the founder himself constantly making non specific price predictions and promises about the tokens future performance. Nothing in this project resonates with anything resembling integrity.
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I’mconfused lol
Smug posted they got grant approval and are telling all followers in all channels, but I see no official approval anywhere?
Has it been approved? @gabby
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For the record, afaik Viper has suffered from EXACTLY the same problem when they launched. The only issue why it didn’t turn out with the same outcome as for Smug is because Viper has minted A LOT of tokens while patching the issue and users didn’t drain the pools to the same extent as it was with Smug. It’s also why they’re so aware of this.
Don’t be salty people, Smug has one of the strongest communities in Harmony and also are genuinely working for the betterment of the project and will only benefit Harmony as a whole.
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Telegram with constant chatter of getting enough liquidity to exit.
I’m sorry but that is just a lie of the greatest order and clearly made with the intent to smear the name of SMUG and the community support and meme power we have. The first 50 replies in this thread showcase what people really feel about it, regardless of price action, and the problems you’ve mentioned in your post have been elaborated on not only on Reddit (where you come from, most likely), but also on this page, please scroll back up! If you feel you’ve been personally impacted by SMUG, you can come to the chat and voice your concerns there, and the community is really as kind as they come (not just on harmony…but in general) and will look after you! A lot of the work on this project was actually crowdsourced!
If a feature does not work, it’s up to me to fix it, which I tried, failed, tried again, and sort of succeeded, and the consensus of the community has been reached. The founder constantly making non-specific price predictions is also a gross misinterpretation of my tweets (twisting it to your narrative, which I respect the hustle of, but do not want to give much credence to), as I simply post or retweet price performance of the token on CoinGecko, as we are listed there fully (and the only meme token from Harmony to do so, I might add, due to a custom API built by Lukas!) for all prices we have the twitter page bot which was also funded by our community via the GitDocs bounties!
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No, in reality the very fact that Smug has preserved is the reason to support it. They could have easily closed shop and there’s plenty of examples when devs didn’t do what Smug’s dev did in far less difficult circumstances. Instead the team has made all efforts to reimburse those who were affected and keep developing and working on new features. Why do you want to squash someone who made mistake, admitted it, mend and keeps going?
Projects will face difficulties and how the team handles the difficulties says as much about the project as the solutions they provide.
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With the greatest of respect sir, your post shows a distinct bias, and a lack of knowledge of the project. There are absolutely no current red flags in my opinion, I have been involved with the project from the start and can see there is a warm, generous, thoughtful and considerate community involved in SMUG. The dev as I posted earlier in the chain has shown integrity in admitting his mistake and trying to rectify. As for the suggestion of exit liquidity, please substantiate that comment with some form of evidence, as this is an utter falsehood.
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You know that TG group is public, and it’s possible to browse through the posts even without joining? Why blatantly lie about something that is easily verifiable?
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This is slander and libel not based in any reality especially in regards to enough liquidity to exit. Nenkov barely talks about price at all in the telegram nor provides price predictions at all. How do I know? Because I’m actually in the chat room.
Also don’t shame the dev because he is very much at promoting body positivity and providing financial independence to those with occupations society might find objectionable.
He didn’t even need to talk about the issues with the dex yet he came forth with the information to let those who were giving the grant know exactly what with on. That is integrity.
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In response to @JUSTiN_HALE Yep this could have been done better, I had bought in when I was reading about the dex launch, it then went ahead and went to sh!t, but I stuck around and have never been involved with a crypto community before as much as I have with this community cause of the dev acknowledging and doing the best to fix his fk up. If there’s a coin to bring harmony to the masses this is it, everyone can relate to memes. And testing in mainnet, I think the dev has learnt that a test net launch should be done first
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@HarmonyStan We learn and we grow from our mistakes, no one gets it right the first time, yes testing in prod was not a good move, but I haven’t seen any price predictions or liquidity exit plans, like you’ve mentioned. I don’t know how you can say there’s no integrity in the project when the dev could have abandoned the project after the dex fk up. Being part of the community has been good for me, it’s opened up some creativity, an outlet to have a laugh and supporting a project which overall will support harmony.
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I think you’re right @SarahD , it sorta sounds like it hasn’t been approved, but moving in a gear to get approval.
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Dev claims he didn’t test cuz he didn’t have enough testers. If it’s such a helpful community; why didn’t he have people to test? Instead the “community” pushed to start farming. That’s the group of people looking to form this DAO… . None stopped to think “hm shouldn’t we test this first?”
I can’t take any of ya’ll serious. Giving this grant would be an embarrassment for Harmony.
There will be an appetite for memé coins across the cryptocurrency ecosystem across all chains. They will grow organically with a lot of volatility depending on the execution of the team and community behind it.
As @SarahD pointed out, @gabby’s prior posts was to clarify the structure of the grant, and does not translate to an approval. Having that post taken out of context as an approval, then tweeted, and also posted on the Smug website, is an unfortunate misrepresentation. This signals to us that there’s some work needed to help cultivate the initiative.
The grant committee reviewed the proposal, and unfortunately will not be moving forward with the grant. The beauty of an open permissionless blockchain is that anyone can choose to build on the chain. Thank you for choosing Harmony.
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Then that’s my mistake for interpreting it that way, I thought Gabby had the final say and this was effectively a green light when asked to move forward if the dynamics of it are ok. In order to not mislead investors, I’ll take down the original tweet then and off the website.
Is there any specific reason as to not choosing to move forward with the grant that I can tell to the community, and to have a general feedback regarding this, as to what could have been done better, etc…because I think it would help with, like you said, the cultivation of the initiative so that people do not make the same mistake to assume what I assumed. It’s over a month since I started the proposal, and @gabby took about a week to proceed from one step to another, so I assumed this was it.
I looked at the other threads, for clarity, example:
and saw that @givp said literally the same thing as gabby did to me, and literally a few hours later after he said “congrats”, so I assumed that was it, or else there wouldn’t be such a detailed proposal of terms and guidelines of the launch.
Again, apologies for assuming, but I saw the blue tick mark and thought that was it, as well as her/him being active on other threads.
Whatever the final decision, I am OK with it as I trust the Harmony team’s judgement, but I’d like all of the facts to be accounted for as to what I did and when I did it, and I do think it’s bad for business to have people who are not on the grant committee giving out exact same, word-for-word responses that those who I believe are on the grant committee. SMUG has a strong community that raises eyebrows and can be polarizing but also introduces many people to this chain since they want to participate in both meme coins/money games and fully featured products such as DFK, and I firmly believe it’s bad for business to shut this door in this manner. I don’t want to be called out by my community or anyone else for lying to them when I was just going by the methodology of replies made in other threads. Some grant proposals take more than a month, some take around a week, etc. I could point out examples of some grant recipients whose token prices went down catastrophically, and the time it took for them to get these grants being relatively low, but that isn’t the issue here.
SMUG operates a fair business and actually has had personal funds of the team members pooled together for the next stage of our project and its only hubris is in not bowing down to salty redditors which make it their life’s mission to seethe and brigade everything related to SMUG, possibly due to their allegiance to other coins (since none come to our chat to actually say what’s wrong with SMUG, fundamentally).
Again, you reserve final judgement, but how was I supposed to know as a project lead that the exact same thing being posted in other threads results in a swift yes a few hours later, and with us it takes 3 days to get officially denied? Is @gabby not on the committee that does the grants? Why is she/he responding then to the threads? I just don’t understand.
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To me it seems more like the “co-ordinated” attack on Nenkov’s rushed reddit post is what really axed the grant getting approved*. I mean even some Harmony reddit mods seem to dislike the project, some mods I really appreciate highly. That’s all I have to say. Sad. Thought gabby’s last message was pretty loud and clear. This is most likely the last project I help to support on Harmony, growing tired of the past few months toxicity in the overall community. Remember when I first found Harmony I saw Stephen at some webinar saying that Harmony was created for everyONE, lately I see like it’s only for “some”. Thank you and god bless you.
*approved and then disapproved
@Jacksteroo I’m replying to your latest reply to Nenkov:
There you have it, there’s the reason as you lay it out so simply. It was about pleasing the toxic side of the community, who haven’t built anything themselves on the chain, but only go around complaining how ONE price is going nowhere. Honestly this is beyond disappointing. Seems after all there’s nothing decentralized about Harmony, if the decisions are purely political and biased. What’s next, we start to differentiate who is a Democrat or who is a Republican? The reddit attack was co-ordinated, please go see how many of the haters under Nenkov’s post apparently show lots of love for some other dog tokens on Harmony in their other posts.
ps. nice way to destroy a fun community.
ps 2. I want to add that this is not the first time you let your judgement be manipulated by angry reddit mob. What happened with Kratos and Mando’s proposal for funding after reddit people started yelling? It was denied. Like Kratos and Mando haven’t worked their a$$ off for Harmony for FREE?
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I’m disappointed by the Harmony team’s response.
It is what it is though. I will think twice when I develop my token to use this chain.
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She said move forward; not that it had been approved.
While technically correct, what was written was basically asking me if I agree, so that,
If yes, we can move to the next step.
Do you by chance know what the next step entails @JUSTiN_HALE if you’re acquainted with the team’s internal procedures, because I’m really not, I thought that was it.
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Hello Harmony, what an apt name it is. I am going to refer to your own post here which is also linked on harmony.one website. Below are your supposed values (and with very nice links and examples too):
Empathy
Communicative:
Personal:
Collaborative:
Passion
Devoted:
Aligned:
Authentic:
Excellence
Technical:
Potential
Impact
So let me tell you something. You finally got a dev with team of organically raised from community people (14 in total — they work for free) who are building on your chain and are:
#Communicative — when s*it hit the fan Nenkov was first on the frontlines clearly communicate the issues and advising everyone of the investors what to do
#Personal — the memes and fun that everyone has in the group is definitely very personal and unique, come check our sticker pack (85 stickers, made by community)
#Collaborative — I don’t even need to stress this, it’s BY FAR most collaborative project on Harmony, driven by #passion, not money
#Devoted — here I am, and hundreds of other smug fans, devoted, we are also #aligned and very very #authentic, smug is pretty much all stripped from any pretence, bare and true in its core. We are #contrarian thinkers looking for #potential to build something unique (and I mean actually unique, not the kind of unique that is repeated on website if every meme coin). And we do make an #impact. Even the simple reddit thread proves how much impact we have, which btw seems to have MORE engagement than the thread about DayONE event lmao
And how do you treat these people who come to your blockchain trying to enrich it, make it better and build upon it? You not only not support it, you actively go against it, it seems.
They way this has been handled is beyond unprofessional on Harmony’s part. As it has been pointed out, in other threads of projects applying for grants the EXACT same wording is used to give green light. I honestly cannot believe that this is how you’d handle this matter and also give no proper explanation.
Do YOU actually stand behind the values that you presented? Can you actually make a stand with your actions? Or are you easily swayed by SOME people on reddit apparently? That’s what I am hearing.
To be clear, Smug would have been better off if you had never communicated about the grant approval; grant itself isn’t necessary for Smug to thrive but because of your unprofessionalism I am afraid this might break spirit of some of our users. This is against your own supposed values. Shame on you.
Also please FIX the damn RPC issues. Your #technical prowess seem to be worse than that of single smug dev
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@Nenkov.one we had a feeling this is not going to end well one way or another. We won’t be able to please everyone with this decision. I’ll be happy to join a Twitterspace discussion at some point in time, if we can coordinate one in the near future about why the decision was made. Token launches can be done without a launch grant. We’re happy to continue to support from foundation perspective.
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