Stable’s Phase 2: Will It Be Fair or Just Another Crypto Farce? 🎭💸

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Ah, the ever-optimistic Stable, whose pre-deposit campaign has once again stirred the pot of the crypto world, now preparing to unveil Phase 2 with new wallet rules, as if that could mend the fractures of trust left by Phase 1. 🤷‍♂️

 

A Layer 1 blockchain project, Stable, has declared its intention to commence Phase 2 of the pre-deposit campaign next week. One might wonder, what is a “pre-deposit campaign” if not a modern-day lottery, where users deposit stablecoins like USDT in hopes of future rewards, all while the crypto community grumbles like a fickle crowd at a fair. 🎪

Stable to Launch Phase 2 With New Participation Rules

Stable shared on social platform X that Phase 2 of the campaign will feature a total deposit cap, similar to Phase 1. The project added that this phase will include per-wallet deposit limits and specific wallet requirements. These new conditions aim to reduce the advantage of large holders who took part in the initial round. 🧠

Excited to announce that Phase 2 of the ecosystem-led Pre-Deposit Campaign is launching next week.

Here’s what to expect:

• 24-hour countdown • Fixed total deposit cap • Per-wallet deposit limits • Individual wallet requirements

Check back here for more information.

– Stable (@stable)

During Phase 1, the deposit cap of $825 million was reportedly reached in just 22 minutes. Many users were unable to participate before the deposits closed. Stable did not yet confirm whether the cap will remain the same in the second round. 🕒

The team said more details on the updated campaign will be revealed soon through its official X account. No exact start date or cap amount has been provided yet. 🧩

Community Raises Concerns Over Fairness and Access

After Phase 1, many users on X questioned the fairness of the deposit process. On-chain data shared by several users showed that a large number of deposits came from a small group of large wallets. These wallets reportedly deposited funds before the public announcement, leading to accusations of front-running. 🤡

’s pre-deposit move is outright sketchy ’s pre-deposit phase capped at $825M in minutes, and then 10 wallets directly linked to the owner dumped $500M into the platform before the public announcement. This is straight-up insider trading and market…

– Shawn (@ShawnCT_)

Community members commented under Stable’s new post, warning that insiders might again receive early access. Some users expressed doubts that wallet restrictions alone would stop this from happening again. The discussion has created pressure on the project to provide more transparent launch procedures. 🧾

Although Stable confirmed changes for Phase 2, it has not directly responded to these concerns. Many users are now waiting to see how the team plans to ensure fair access for retail participants in the upcoming round. 🤔

Stable Continues Building Stablecoin-Focused Blockchain

Stable is building a high-throughput Layer 1 blockchain that focuses on stablecoin payments and decentralized applications. The project is backed by major crypto firms including Bitfinex and USDT0. Its ecosystem is being designed to handle large volumes of USDT transactions across various use cases. 🏰

The pre-deposit campaign offers participants future token rewards tied to the platform’s upcoming native token. These early contributions are expected to support the network’s initial liquidity and engagement. However, concerns around fair access could affect public trust in the process. 🎲

Stable stated that more details about Phase 2 will be shared soon on its official X account. The team has not yet confirmed how it plans to enforce the new wallet rules or prevent early access. Users are watching closely to see whether the upcoming round will allow wider and fairer participation. 🧐

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2025-10-29 16:28