Serious Doubts About the Team’s Actions

  1. First of all, regarding the alleged “coordinated attack” that supposedly forced the suspension of conversions, the team has presented no data-backed evidence whatsoever. Only 260,000 $River were exchanged out of the total 30,000,000—less than 1%. Despite this, the team insists on an implausible narrative of a large-scale attack, deceiving users.
    Many users still suspect that the largest wallet which sold $RiverPts at the time of the suspension belonged to the team itself, and that the whole situation was engineered to allow them to sell at an artificially inflated price.

  2. In the newly proposed system, a staking-based lock mechanism has been introduced, effectively delaying the period during which we can receive all of our tokens by one full year.
    Meanwhile, there are no changes to the vesting schedule of tokens allocated to the team or investors and so on. This means their tokens will unlock—and can be sold—long before the community receives the majority of its allocation.
    They attempt to make the update look sophisticated by presenting complicated formulas, but the essence of this change lies entirely in this point. Everything else is mere decoration.

In other words, this update is nothing more than groundwork for the team—who have already exploited users through underhanded means—to squeeze out whatever value remains.
The team behaves as if users have intelligence lower than monkeys, deceiving them and reveling in it.
Although they claim to care about long-term growth, it is the team itself that treats $River like a ticking time bomb, valuable only insofar as they can dump it on the market.

If my claims are wrong, then please rebut them with evidence and a rational explanation.

4 Likes

I completely agree.
The current Stake River mechanism is literally burning users’ trust.

River Protocol Team Token and Stake River Issue Analysis

Core Arguments Summary

Problem Recognition

The Issue #2 has caused significant dissatisfaction among people. The progression of the Stake River program is being perceived as an unfair measure against those who actively participated in River Pot and purchased River points.

Argument #1: Team Token Selling Issue - Evidence Needed

Current Situation:

  • Approximately 3 months have passed since River TGE

  • Team token 1-year lockup period specified in the whitepaper

  • Currently, team tokens remain essentially unlocked

Improvement Needed:
To support the claim that the team has sold River tokens, concrete team wallet addresses and on-chain transaction evidence must be presented first. Data-backed proof rather than speculation should be prioritized.

Argument #2: Stake River’s Unfairness - Valid Criticism

**The argument that the Stake River program disadvantages users who actively invested in point purchases is a sufficiently legitimate criticism that can be raised.** This reflects community concerns.


Conclusion: For Issue #1, proceed with arguments after securing team wallet evidence; Issue #2 can proceed as a current viable argument.

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