Qubetics Crypto’s Epic Fail: Airdrop Crashes Token 97%

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In the quaint village of CryptoLand, where dreams are made of digital tokens and promises of wealth abound, the blockchain protocol known as Qubetics faced a calamity worthy of a Greek tragedy. TICS, the native token, plummeted 97% after a series of unfortunate events during its airdrop launch. 🌟

  • TICS crypto took a nosedive, crashing 97% post-airdrop mishap
  • The project pointed fingers at an outsourced team, Antier, for the fiasco
  • Qubetics insists it is still crafting a cross-chain Web3 aggregator, despite the chaos

High-tech blockchain ventures, much like a delicate vase on a rickety shelf, rely heavily on the trust and competence of their technical teams. On a particularly gloomy Thursday, July 31, the Qubetics (TICS) team found themselves addressing a crowd of disgruntled investors and a token that had lost nearly all its value.

The team admitted to “critical errors” in the vesting contract during the airdrop, but quickly distanced themselves from the blame, pointing an accusatory finger at an outsourced development team, Antier. “We would like to stress that this issue was not in the core team’s control, but instead, we relied upon the outsourced team with all the assurances that had been provided within our due diligence,” the team stated, as if reciting a well-rehearsed line from a bad play. 🎭

“We would like to stress that this issue was not in the core team’s control, but instead, we relied upon the outsourced team with all the assurances that had been provided within our due diligence,” Qubetics’ statement wrote.

The Qubetics team, ever the optimists, promised a full report on the debacle and assured all eligible wallets that they would receive the full allocation of tokens. They also reiterated their commitment to their grand vision of building a layer-1 network that would aggregate the Web3 ecosystem, including Bitcoin, Ethereum, and Solana. It was a promise that, in the wake of such a disaster, seemed as likely as a snowball surviving in hell. 🔥

What Happened with the TICS Crypto Airdrop

On the fateful day of July 30, the Qubetics team had grand plans to unlock and distribute 10% of the tokens immediately, with the remaining 90% to be released gradually over 90 days at a rate of 1% per day. Initially, the token soared 950% to a dizzying height of $2.16 at its peak, a moment of fleeting glory that would soon be shattered.

Technical issues began to surface almost immediately. Users reported receiving far less than the promised 10% of their allocation, a situation the team later confirmed. To make matters worse, the 1% daily vesting schedule created a perfect storm of selling pressure, leading to the token’s swift and dramatic collapse. It was a spectacle that would have made even the most jaded market observer raise an eyebrow. 😂

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2025-07-31 22:55