"But what is the use of Cards if nothing else is developed."
This is to me the sentence that calls out most to me. There are a lot of projects in crypto that develop marketplaces but are unable to make fun games.
If you are getting into a game for "fun" purposes or "investment" purposes, I would encourage you to follow the following tips:
- Research the team members on that team. Understand if there is a dev on the team, or in other cases try to understand why is there a requirement for 5 types of devs before an alpha. 99% of crypto projects tend to "soft rug" due to high salaries.
- Are they using borrowed tech for marketplaces? Is there any development done that is original?
- The one that is the most important: How long have they announced the project? If it has gone past a year without anything tangible besides borrowed tech, I would encourage you to recheck your positions.
In the end, the only person to be blamed after a rug is yourself because losing money can always be avoided.
Also, I am against regulation in this space, so don't call out on it. Be smart, and invest in teams and progress. Avoid ideas-based entities with minimal execution.
I have assisted with tracking all the wallets and unfortunately, I am seeing a lot of transfers to unknown wallets, but I can confirm that all of them have ended up in CEX.
100%, i am responsible for how i handle my finances, learn from this and move on is the only thing which can be done now.