I'm fairly certain this is wrong.
Not sure about mog/pepe/milady insiders starting @intlmemefund (I should check tbh) but Alex misunderstood IMF's mechanics, mostly.
IMF is a net good for memes, as it allows holders to lend their memecoins for USD equivalent.
now, this is technically leverage and liquidations can occur (recall how many people lost their Milady NFTs to @blur_io lending protocol).
That's how advanced markets work. IMF is essentially a TradFi derivative/debt market for memecoins. Used properly, it greatly increases the buying power of qualifying participants.
And yes, that comes with risk, as do ALL instruments of leverage.
There are safer ways of providing yield to MemeFi, but safer isn't always better.
TL;DR we live in a free market, I don't see anything @intlmemefund has done so far as foul play- ethically or otherwise- and I can't help but feel this is an $APU psyop. They're very good at these. 🇮🇳🐸
Let’s see if I got this right:
* pepe/mog/milady cabal launch IMF
* IMF business model is asking organic grassroots communities (their competition) for free tokens in exchange for a promise of future profits
* IMF facilitates lending against those tokens, thus introducing a short market and a conflict of interest between the lenders and IMF’s governance, allowing cabal to sell those tokens.
* no one is allowed to vote on listings except for IMF insiders (holders prior to a certain date)
* Cabal then goes on X and shamelessly begs organic token holders for bribes for something we don’t want and never asked for.
Take APU off this list.
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