Tax retweeted
Thank you @ritualnet for wasting peopleโs time, effort and energy.
This is not the end!
Tax retweeted
Community FIRST - Let's go!
~ or the sad story of ritual
NB: It's not even about the dumbass airdrop @ritualnet did, it's about putting ''community first'' (wait for it) ... ''in line to get RAW dogged'' ๐ญ๐
Jokes asside ...
It's about EVERYTHING else that preceded the TGE, so here's the post mortem story and their mistakes:
A) creating a community based on FEAR
- you speak out = get DEMOTED or banned
~ i took a chance with this and put my ass on the line, risking 1 year and a half of effort when i started raising questions about scamPloPLo
- i'm so glad i did it though, since it saved a lot of people precious real funds (nft mint was 0.1 ETH lol)
B) encouraging tons of GLAZING
- some of the mods and CM loved to build a CULT of personality around themselves
- if any of you see this and you're moderating or planning to moderate some DC server in the future, for the love of God, please stop doing this shit
C) blatant FAVORITISM & double standards
- if you were korean, chinese or perhaps from the NAD gang you were automatically considered HIGH value and you had to put in 90% less effort
D) refusing to take any feedback
- almost a complete BREAK of communication for the past 10 months
- promising to answer questions during VCs or AMAs but always dodging them
E) promoting a scam NFT collection with the main ritual foundation and the community manager account (that's when most of the community realized we're heading towards disaster ๐)
F) absolutely ZERO legit ecosystem partners or real builders that had made a dApp using ritual sdk - all the ecosystem dApps they paraded pre mainnet with were made/vibecoded by hardworking community members or by the moderators themselves
H) Attempted to do an ICO but then scrapped it without saying anything - poor management of socials - EG: Coinbase announced premarket and we literally had nothing on Discord or on Ritual X regarding this
~ and the LIST can go on ....
unfortunately ... a DEAD on arrival chain
Also, don't think people didn't see these signs earlier.
They did.
But they were also afraid to throw their efforts down the drain in a year of 2026 were people got more disapointed and hungry than ever.
Most of you know me for a while now - I never FUD or criticize just to farm attention nor do I like to gravedance - and this time I'm writing this because I simply DO NOT want to see this kind of shitshow be repeated in the future (although most likely it will).
Learn your lessons. PEACE!
Ritual really said โthanks for running nodes, grinding Discord roles, and farming for a yearโ then dropped a 0.5% airdrop to ~800 wallets and listed on Coinbase so the unlocked 18% could get dumped in peace.
@niraj and his team literally rugged it. Shoutout to @joshsimenhoff for building this delulu community, people were way too optimistic. Feedback and complaints from the community were frequently ignored or dismissed.
Yes, ofc I wasted my time on this project hosting games and joining events, and in contributions but I sensed it early and stopped posting and grinding on X. Still had a little hope Iโd at least walk away with $1kโ3k for the time I put in. Didnโt even get that.
They didnโt properly set up liquidity for the community, so most early holders and airdrop holder had almost no practical way to sell their tokens without CEX.
Ritual set a new standard for how badly a crypto airdrop can treat its community. Most disappointing airdrop in crypto history. @ritualnet
Be @niraj, founder of Ritual
> Born in Chicago, grew up in Sydney and lives in NY
> Angel investor for companies
> Previously worked at General partner @polychain
> Study privacy in decentralized system labs at UIUC
> Wrote articles on Hostile chain takeovers and more
> Went viral in 2019 sending hilarious mail to CEO of snapchat
> Made secret deal ($13.3million) accepting adviser tokens from @EclipseFND
> @CoinDesk said former CEO of eclipse (neel Omani ) quietly gave 5% of $Eclipse token to Niraj
> Made fundraised happened in secretive and questionable ways
> Broke the fund's policies of polychain
> Left the polychain firm in 2023
> Use the $13.3 million to fund @ritualnet startup
> Co founded @ritualnet with @akileshpotti
> Raise $25 million from polychain and others
> Polychain continue supporting Ritual even after niraj policy breach on that deal
> have advisors like @ilblackdragon , @CryptoHayes , @sreeramkannan and more
> launch ritual and rug the community
He did some shady deals to start up @ritualnet
And now the $RITUAL is going to zero rugged the community
Made 852 wallets eligible out of 100,000 community members
Tax retweeted
A whole lot of mutuals tagging me to post about ritual yesterday asking if i was eligible
Yes i was, it was a year grind, totally not worth it, expected more.
i sympathise with those who weren't eligible, a whole lot of my friends weren't eligible.
Funny how i saw the whole thing 4hours after launch, would have been a much bigger airdrop if i had sold at the top.
Too early to back down now, team was so disorganised and acted like newbies.
We just have to move on.โฅ๏ธ
Tax retweeted
11 months plus, of contribution only to be ineligible.
I am done with dc grind..
game is game
gritual
Grandad Ritualistically checking out apps on Ritual #111
Ten questions. Truth or cap. And your score means nothing until it is verified onchain.
You connect your wallet, answer questions across Ritual, crypto, AI and Web3 culture, then verify your result on Ritual testnet. Unverified scores never rank, and the leaderboard is read straight from the contract. No emails, no passwords. Your wallet is your identity.
XP grows as you play and takes you from Bronze to Silver to Gold Ritualist. After verifying, you can even generate a share card for X.
I love when a quiz teaches the ecosystem while it plays. It is the gentlest way to learn about Ritual and still feel like you are competing.
How many out of ten do you think you would get? Be honest.
Nice work, @TaxMiracl
Try it at ๐ ritual-truth-cap.vercel.app/
@ritualnet and @ritualfnd
I spent an hour testing @SpoutFi beta and found something that breaks the entire product before you even get started
After I got the access code, I bought tokenized equities, tested the portfolio, and tried selling.
I also tried borrowing against the assets; most of the onboarding experience was smooth.
But I found one issue that basically breaks the entire core loop before you even get to the interesting part.
Here's what happened๐๐:
TOKENOMICS OUT
A lot of announcements will be rolling in soon
Stay tuned
Gritual @ritualnet @ritualfnd
Tax retweeted
๐ Ritual Agent Lab has a new home!
Explore how AI-native smart contracts can think, act, remember, authenticate, protect secrets, and run autonomous agents on-chain.
๐ ritualagentlab.vercel.app
Built to make Ritualโs capabilities easier to explore, understand, and Demo Mode.
skills.ritualfoundation.org/
@ritualnet @ritualfnd
Tax retweeted
You are a developer. You have built your contract. The logic is clean, the conditions are clear, and everything works exactly as expected.
Then you reach the part that makes you stop.
You need your contract to read a user's request, check information on the web, and decide whether the outcome actually satisfies the agreement.
You cannot simply write: โif true, do this. If false, do that.โ The answer is not sitting inside the code. It needs context, information, and reasoning.
This is where the traditional blockchain model starts to reach its limits.
And this is where GenVM enters the picture.
GenVM is the execution environment for GenLayer's Intelligent Contracts. It allows them to work with things traditional smart contracts were not designed to handle, including natural language, web information, and LLM-based reasoning.
But there is a catch.
Once your contract can reason, different executions can produce different results. So the problem is no longer just โCan the contract run?โ It becomes โHow can a decentralized network agree on the result?โ
That question sits at the heart of @GenLayer.
GenVM provides the environment for this new kind of execution, while GenLayer's consensus mechanisms help the network reach agreement on the outcome.
And that is what makes GenVM interesting.
It is not simply a new virtual machine. It is the execution environment that gives Intelligent Contracts a way to interact with a world that is far more complicated than predetermined code.
Tax retweeted
Just wrapped up my biggest @ritualnet community art.
I tried to capture the Ritual community in one piece. โจBuilders. Creators. Believers. OGs. Newcomers.
All in one frame.
Tax retweeted
๐จ AMA ALERT ๐จ
@nirajpant ร @ArshanKhanifar are pulling back the curtain on Ritual ๐
๐ฎ The origin story
๐ค Onchain AI, unpacked
โฐ The Scheduler
๐ TEE Executors & Agent Wallets
Come with your hardest questions.
๐
Aug 12 โ 14:00 UTC
๐ Ritual Discord
Set your reminder โณ โ discord.gg/ritual


































