Crypto startup employee quits after realizing telltale signs of failure
The startup ecosystem has historically played a vital role in shaping the crypto community into an almost $2 trillion industry. However, numerous players bank on this notion to consistently overpromise and underdeliver the big WAGMI dream.
Back in December 2021, Redditor busterrulezzz thought they landed their dream job after being hired by a crypto startup — only to realize that they were now a part of the problem and resigned from the position two months later.
As narrated by busterrulezzz:
The Redditor alleged that the crypto startup, which shall remain unnamed due to an active non-disclosure agreement, did everything that crypto investors are usually advised against. This included offering NFT services without proper infrastructure, purchasing cryptocurrencies at their all-time highs purely based on their popularity. Paraphrasing the company’s agenda, busterrulezzz stated:
Soon after joining the team, the Redditor realized that a business cannot be profitable or a productive member of the crypto ecosystem “if you can't even define your objectives and stick to it.”
The Redditor further alleged that the startup proactively misled and cheated investors by using bots to run official Telegram channels, faking community users on Discord and partnering with influencers to make their products seem popular, adding that:
One of the biggest red flags the new employee noticed were the founders, who were allegedly only interested in making the most amount of money as soon as possible:
With this alleged realization, busterrulezzz now felt like a scammer and ended up quitting their job. Conveniently enough, the company did not pay salary for the last week for absconding. The Reddit community, however, wants them to lawyer up to get the
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