Hi Everyone. I am assuming majority of the community is aware of the miss-communication from Kylin Network.  Initially they have announced that they will allocate 15% of their total supply (150 million KYL) for the crowdloan with 150 thousand polkadot cap. A lot of Polkadot investors including myself bonded their tokens based on their announcement. However I just saw a post by the team that now they have decided to reward 55 Kylin per dont instead of 1000 which was their initial reward based on their communication. I am attaching my adress below. I have invested over 50 projects both on Kusama and Polkadot crowdloans total of over 120 Kusama and 4000 Polkadot in different platforms (Substrate, Kraken and Binance). To be honest I am feeling like I was fooled. All the communication done by the team was indicating a way higher reward then what they announced now. I have bonded 280 Polkadot for this awful project and I cant take it back now. I am seriously considering to seek legal advice on this issue! I lost my faith to the overall ecosystem after this failure. I think Polkadot needs to find a way to cancel this crowdloan and refund the tokens because the team managed the process horribly and literally fooled everyone in the community


  

- The person is upset about a miscommunication from Kylin Network.
- Kylin Network initially announced a higher reward for their crowdloan, but then changed it to a lower reward.
- The person invested a lot of tokens based on the initial announcement and feels deceived.
- They are considering seeking legal advice and have lost faith in the ecosystem.
- They think Polkadot should cancel the crowdloan and refund the tokens.

#1208 Kylin Network Crowdloan Failure

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