#VOOI Vooi's story is worth paying attention to — this is a typical evolution of a Web3 project from fundraising enthusiasm to real-world difficulties. The project raised $13 million last year with a valuation of $112.5 million, then launched a perpetual contract platform, points activities, and a financial information ecosystem. It sounds ambitious, but the performance after launch was completely different. After a leading exchange's Alpha project was launched, the token price plummeted by 50%, which in itself reflects the market's true attitude.

What’s more heartbreaking is the airdrop redemption issue. Users ultimately received only 1/50 of the promised airdrop — shrinking from 100% to 2%, which is an irony in itself. Finally, the official website announced it was inaccessible, plunging the entire situation into chaos.

This phenomenon reflects a typical pattern: grand visions during fundraising, code quality issues after product launch, and systematic breach of promises to users. Under the current market environment, such cases occur frequently and serve as a reminder for participants to be more cautious when evaluating new projects.