A response to A Network's critics:
@Nicolas_itl
It makes no difference to me whether you are a man or a woman, but **you are wrong**. A Network is a genuine utility and mining-based blockchain project operating on the BNB Chain with wANET/ANET tokens; it is also developing its own Layer-1 blockchain. Your entire "Ponzi" narrative is rooted in biased hatred and personal animosity, not facts. Letβs break this down point by point:
1. "Legal risks, 10 years in prison, advertising bans"
Indian laws target unregulated deposit schemes (BUDS Act 2019) and the Prize Chits Actβschemes that collect money by promising **guaranteed high returns** without any actual business activity. A Network is a **crypto utility token mining ecosystem** where users actively mine (work-based), earn holding rewards, and trade tokens on decentralized exchanges. It is not a "deposit scheme" where you simply deposit money and receive guaranteed interest without active participation. Crypto projects are permitted in India (subject to regulation); this is not a Ponzi scheme but a project with standard tokenomics, just like many other legitimate projects. Feel free to report it to the police and California authoritiesβbut **don't forget to provide evidence**, otherwise, it could backfire on you in a defamation lawsuit. Since Khurram Zahid resides in the US, it is likely that he is complying with securities laws; baseless allegations will achieve nothing.
2. Personal insults and comments regarding "women"
You are publicly labeling the project a "scam," hurling abuse at the team, and making a spectacle out of "exposing" it.
3. "The 'Hold wANET' program is a Ponzi schemeβit uses money from early investors to pay later investors."
Incorrect. This is a **staking/holding reward program**, similar to those found in many trusted projects (such as liquidity mining or yield farming). Users mine and hold tokens to utilize the ecosystem's features (DEX, L1 access, etc.). This is not a case of "using new investors' money to pay old investors"βthe process is transparent and on-chain. Classic Ponzi schemes like BitConnect lacked real utility or mining; they relied entirely on referrals and fake returns. A Network has a whitepaper, a multisig vault (where the founder's tokens are locked), and actual development work is underway. Work on utility is progressing rapidly.
4. "They only talk about price; this fuels greed."
Every crypto project discusses price because the market determines it. However, A Network focuses on mining, the ecosystem, Layer-1, the DEX, and community rewards. Discussing price is normal; the problem arises when hype is created without any solid foundation. Here, genuine activities are taking place.
5. "The team holds 99% of the tokens; manipulation is occurring; liquidity is only $15k." **Completely incorrect information.** According to the whitepaper, the co-founders (Khurram Zahid and Joel Duplco) hold a 50/50 stake, and the tokens are locked in a **multisig vault**, ensuring that no single individual can withdraw the funds. The founders' tokens are treated exactly like those of regular holders; there are no admin privileges (contract ownership has been renounced). Low liquidity is common in early-stage projectsβthis is normal and will increase over time. The claim regarding 99% ownership is false. On-chain transparency is maintained; you can verify this yourself.
6.
@DigitalGold1979 is an unprofessional, rude CEO." Reality π
The community is strong and knowledgeable; choosing Khurram as the leader was truly an excellent decisionβthe leadership is sensible and proactive. It also enjoys the community's support. Making insulting remarks does not diminish the project's credibility. Be sure to verify the facts before making accusations next time.
@BaskaranBBV @Joel_Dupalco