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Detailed Concerns About Prioritizing a Single NFT Project (Efrogs)

Focusing solely on one NFT project, like Efrogs, undermines the diversity and growth of the broader Linea ecosystem. While it’s clear that Efrogs has garnered a lot of attention due to its market value, giving it exclusive priority at the expense of other projects can create an imbalanced ecosystem that fails to serve the needs of all contributors.

  1. Exclusion of Other NFT Projects:
    The Linea ecosystem is built on a foundation of multiple NFT projects, each contributing to the overall growth of the platform. If Efrogs is given excessive priority, the other NFT projects are left sidelined, which not only ignores their efforts but can also discourage new and diverse projects from joining or thriving in the ecosystem. Prioritizing one project over others creates a barrier that prevents other innovative projects from gaining traction, which ultimately harms the ecosystem’s growth.

  2. Monetary Value vs. Community Contribution:
    Efrogs, while currently valued in the secondary market, is not the only project that drives the success of the ecosystem. If the project only rewards the highest monetary value, it sends a message that the success of the ecosystem is determined by financial speculation rather than actual community involvement and contribution. This risks turning the ecosystem into a place where only a few high-value projects dominate, neglecting smaller but equally important initiatives that contribute to the ecosystem’s diversity.

  3. Decentralization Concerns:
    Efrogs currently has only around 2,000 holders, and many of these holders own multiple NFTs, with the top holder owning more than 50. This small group can have disproportionate control over the direction and pricing of Efrogs, leading to potential centralization. If too much priority is given to Efrogs, it can create an ecosystem that is far from decentralized, with only a small group influencing the entire market. The risk here is that the ecosystem may become controlled by a handful of holders, which undermines the principle of decentralization that blockchain and NFT projects strive for.

4.Short-Term Speculation vs. Long-Term Growth:
Many holders of Efrogs appear to be speculating on its future value, buying multiple NFTs in anticipation of an airdrop or price spike. This creates a speculative environment, where the focus shifts from building a sustainable ecosystem to short-term gains. If the ecosystem rewards only projects like Efrogs based on speculation, it risks fostering an environment where holders are simply waiting for price movements rather than focusing on creating long-term value. The fear of a “pump and dump” cycle could ultimately harm the reputation and sustainability of the entire ecosystem.

  1. Fairness and Ecosystem Balance:
    Giving Efrogs 1.5 to 2 LXP, while also considering other NFT protocols like 1LXP, ensures that no single project dominates the ecosystem. It allows for a more balanced distribution of rewards and recognition, which encourages collaboration among projects and communities. A more balanced approach fosters a sense of fairness, helping all NFT projects, big or small, thrive in the ecosystem. Prioritizing only Efrogs, on the other hand, can create a sense of exclusion among other projects, leading to frustration and a lack of motivation to contribute to the ecosystem’s growth.

  2. Long-Term Ecosystem Health:
    The long-term health of the Linea ecosystem depends on a diverse and thriving community of NFT projects, each contributing in their unique way. If one project is given too much weight, it stifles innovation and forces the ecosystem to rely on a single source of value, which is not sustainable. Ecosystem growth is dependent on a variety of projects, creators, and communities coming together. Over-prioritizing Efrogs could deter new projects from entering the ecosystem, thus limiting its potential for long-term success.

4 Likes

Interestingly, I am disturbed by your attack on a project that supports Meme communities in the Linea ecosystem. Look, let me be clear. The entire Meme community is recognised because of EFROG. Let’s face it.We are talking about a community that has proven itself for almost 1 year, a community that is fully associated with Linea. Almost every team member emphasises that Efrog is a bluechip and that it is important to have it now and in the future.

BTW,There are not 2,000 people. There’s only 1600.
I don’t know if you realise, but 500,000 people were eliminated in the last sybil qualifiers.
If a prize of 1600 people scares you so much, why don’t you buy an efrog?

2 Likes

EFrog is OG NFT, with EFrog you can own ENS and this is what Linea is emphasizing, Frog is an OG in the Linea ecosystem and you have to accept this, every project has an OG NFT that they value, I think you should first do some research and see what role EFrog plays, the team has always supported EFrog, and this will continue, because EFrog is an OG and with it you can own an identity (ENS). You can also become a member of EFrog by buying it . keep calm

1 Like

Frogs, brothers, I’m reaching out to you - just ignore this nonsense.

This isn’t the first alternative profile created on the forum just to attack our community, and unfortunately, it won’t be the last. These guys jump into the forum like Leroy Jenkins, completely ignoring threads about 38,000 sybil wallets or the sybil list from LayerZero, yet they eagerly attack any additional rewards for participants - except LXP. Most of them can’t even write a thread themselves, ChatGPT generates it for them.

All the answers have already been given in the relevant discussions. We don’t need to prove anything to anyone.

Over the past week, too many bad actors have discovered the forum - through Discord, the sybil appeal form, and even in chats of the hacked AdsPower browser.

I personally researched various groups (many of them abuse-focused, on Telegram and Twitter) and found numerous calls to register on the forum and carry out disruptive actions, aiming to block any rewards except LXP.

Nasnen’s filters have already hit them hard, and the AdsPower hack made things even worse. The risk of getting a tiered system for LXP threatens their entire existence. Their business model is cracking, and they’re willing to try anything.

I’m sure the Linea team sees the full picture.

So, I suggest we stop wasting time trying to explain anything to these people. They’re not looking for truth or information - they’re driven by other motives.

Don’t waste your energy. Keep croaking, keep contributing to the ecosystem, keep having fun, earning, and building Linea. Let’s keep spreading it far and wide!

Believe in somETHing!

14 Likes

No one is holding 50 NFTs just to be clear. The founder of Zerolend bought around 35 frogs from the secondary market, just like anyone else cuz he believed in this community. He saw the honesty and dedication in it, and how the team is working for everyone. Recently, he gave them out as rewards and now has only a few left. You can check this out yourself on their account on X.

Focusing on Efrogs community and running these campaigns only shows how much everyone knows the value and importance of this community in the ecosystem. The potential rewards for the Efrogs aren’t even a threat compared to the sybil and system manipulators. They are the real dangers to everyone.

Targeting a community of just 1600 holders who’ve kept the positive vibes throughout the Linea ecosystem, built, supported new communities, and stood as the first line of defense against influencers undermining Linea reflects pure jealousy. But no matter how hard you try, your words won’t change the truth the team exactly knows who Efrogs are, along with all the projects in the Linea ecosystem. If you were to ask any of them, not a single one would speak negatively about this community!

5 Likes

In my opinion, “Efrogs” is the top 1 and should be treated as such, with a higher multiplier when it comes to the airdrop or any other reward decided by Linea. However, I agree with your point that they should also consider other NFT projects. So yes, they should apply a multiplier or some other mechanism that Linea will define. That’s my opinion.

2 Likes

One of the most BS post I read in entire linea forum.
Efrogs were the only community who made Linea stand out from airdrop influencers.

Due to Consensys backing, many influencers used this simply to farm airdrops. Efrogs community outstanded everyone and built Croak and pond fun and kept the linea market engaging than most .

1 Like