Touche i dont agree with adam doing this. (Using sns treasuries to buy other sns)
However the trax founder is in his discord and apparently is not bothered at all by these developments. So theres that. Apparently he took out a loan, as you can see in the proposal text.
Have you heard the saying “ just because you can, doesn’t mean you should.”?
Adam can take over any of these sns projects and continue this. His initial focus on previous known scams is now showing the reality of the situation.
He is using the daos to further take over other daos to drag everything under his control.
Im not happy with the situation we are in. Do i want adam to control every dao? No. But the reality of the situation is we have a bunch of crap daos that no one wants to own. Which is why hes able to acquire them.
Hopefully in the future NNS voters and dfinity will not approve SNS projects that dont have any demand or mvp so we dont get into messes like this.
I agree. But objectively looking here….
Adam was the largest individual approving these projects, he was the one investing massive amounts which showed retail there could be interest in the scam, and now he is using the scam funds to further himself by taking over more treasuries.
All while the ones who are resisting his take over are going through slander in his attempt to nuke prices or even worse he has just enough vp to cripple real daos making them useless and harming the little guy who believes in the team.
It’s weird if he is using a icpswap wallet to deposit into a vector.
My suspicion is he is depositing into the lp on icpswap and then executing limit orders or trades to avoid bots the best he can.
I believe the fundamental issue is that Alice’s SNS parameters effectively exclude ordinary investors.
With 24.4% of total stake, they only get 1.83% of rewards and voting power - they’re essentially victims. If they knew the truth, they wouldn’t stake at all.
Adam seems forced into this - he has to pay an extremely high cost to gain proportional voting power, which explains Alice’s price surge. The treasury isn’t worth him spending 5-10x more just to rug pull.
Honestly, he seems more like a righteous outsider spending heavily to gain voting power and fix the SNS parameters. He could’ve easily walked away.
Also, if the goal was to prevent whale attacks, these SNS parameters fail completely: whales can get 10x+ voting power with minimal token purchases.
Since it appears that the ALICE SNS is a takeover target for no apparent reason, I’ll take this opportunity to remind folks that the CodeGov ALICE neuron is a viable option to follow if needed. The ALICE SNS is showing no signs of weakness given that we have rejected all proposals. Every vote is very important and we need to keep voter turnout at very high levels. Please perform your own due diligence if you intend to vote for yourself. Be aware that there have been a lot of details presented in the proposals that are false or misleading. Please be careful with your vote and don’t be fooled into thinking the leading side is the right answer in the middle of the voting period.
If your don’t have the time or energy to perform proper due diligence on ALICE proposals before you vote, then please consider setting your neuron to follow the CodeGov ALICE neuron. We have a team of people who care a lot about the ALICE SNS and are willing to evaluate each proposal properly. You can learn more on our website at codegov.org.
CodeGov ALICE neuron: 684b658cff3dd5d92098e41ff6db53ad3bea097dd9c3d09313bc24c699d64248
You can set the CodeGov neuron as a Followee for any proposal topic you choose, but the proposal topics below are the most important.
All non-critical topics
Manage nervous system parameters
Set topics for custom proposals
Transfer SNS treasury funds (critical)
Mint SNS tokens (critical)
Deregister Dapp Canisters (critical)
The CodeGov neuron vote is typically triggered based on consensus of our Followees and they need time to evaluate and vote on each proposal. Hence, the CodeGov vote is not typically cast immediately. Please be patient as we properly evaluate proposals.
bobdotfun on Telegram
alicedotfun on OpenChat
Recommend restoring normal SNS parameters, such as setting both Delay Bonus and Age Bonus to 100% and reducing Transaction Fee.
This would encourage broader participation from ordinary investors while significantly raising the manipulation costs for hostile takeovers.
Yeah actions speak louder than words. If you look at what Wenzel is doing and ignore his posts then everything becomes a lot more obvious.
Sounds pretty fraudulent doing this to benefit some and not others without letting them know.
That is exactly the goal
We do not want to control all the SNSs. What we do want to do is remove/repurpose SNS projects that can harm the ecosystem.
If an individual comes into the IC eco, it is likely they will check out the Dfinity list of SNSs to determine what projects they should participate in. If their first experience of using ICP turns out to be negative because they invested in something that sounded appealing but a year or so later the project has not progressed in anyway, they will lose faith.
There are worse scenarios, where they are not just disappointed but are also actively cheated out of their funds, but you get the idea.
If you dont want to have the risk of being 51% attacked build something, or at the very least hold and lock up your own token.
Right now all these topics of “XX is bad” don’t look great either for new people looking in. Please help us clean up this mess so that these topics are no longer needed.
We don’t even know if you’re capable of delivering something users actually want. Focus on your own projects first, then we’ll talk.
Believe me we are!
Mimic is live and opensource, that is part of Dragginz
The NFT Marketplace and NFT Maker are also essential to Dragginz. We have always been very open about our intention to use NFTs in creative ways within the game. We are building what we need in order for Dragginz to succeed, we are just also helping out other projects along the way.
Its all a big interlinked ecosystem, exactly how the IC was designed to be.
That’s exactly right. Having been active on the forum for nearly four years, I’ve seen many people come and go - it’s truly disappointing. These vampires have nearly drained ICP dry. Without significant changes, ICP is in real danger.
SNS projects have nothing to worry about if they are actively building and using the money for the right reasons!
I am extremely happy with what Donna and Adam are doing they are not just taking over any sns willy nilly they are checking and seeing what’s been created, if there’s updates where the money has gone…This should of happened a long time ago and it shouldn’t have to be done by Adam and Donna but thank god it is!
Everybody is realising who the good people are now and I love to see it
We all must help protect the IC
Get the bad actors out and concentrate on building legitimate projects not half assed rubbish who spend their money on Teslas and things to only benefit themselves 
There are no vectors used for taking over of DAOs. If you look closely the ledgers added we supported so far are NTN, ckUSDT, ICP, DKP, SNEED, WTN. The DEX pools would have a lot of volume if they were. Vectors are about security, transparency and composition. I wish they were used for cleaning this up, but they aren’t. If someone wants to transfer tokens or buy from Alice/ICP pool, the high fee you are protecting, won’t stop them to DCA. All you need is to deposit funds once, inside ICPSwap’s pool and there are no transfer fees while swapping.
setInterval(() => {
await dex.swap(....)
,60000);
The off-chain script you need to DCA without caring about the fee is going to be 10 lines.
That’s beside the point, the facts remain that @borovan is draining SNS treasuries to slowly buy other SNS tokens in order to attack them and either freeze their actions or straight up take over them. If that’s not a power grab, I don’t know what is.
Why does Adam need power? If he wanted it he could have it. He trying to save the IC with his wife which they are both extremely passionate about.
He’s explained what he’s doing multiple times
He’s happily said he would give any legit creators the sns he has taken over and the treasury. Or he will turn some into working projects that benefit the community.
Him and Donna have been checking every sns project… On what they have created, if they are still creating, what the money has been spent on and if there is any foul play… And if there is any of that then we need them them out ASAP! And they are spending their own money to do this!
If you believe this is wrong then you are apart of the problem.
I think I’ve heard something like that before. Yes, on the flawed voting system Wenzel is protecting.
@wpb here is what you need to do to start redeeming yourself:
Can’t say for certain why @borovan wants power, but considering his attempts at taking over other SNSs since Dragginz only started recently after he asked on this forum for his funds to be returned to him, current evidence hints at him just wanting to get his money back and some nice profit without caring what happens to anyone else.