Prodeum
Rug PullNFT · ✝ 2018
An ICO for fruit on the blockchain that left only a slur.
Prodeum was a 2018 ICO claiming it would put fruits and vegetables on a blockchain. The team vanished with the raise, wiped the website, and left only the word 'penis' on the homepage, becoming a symbol of ICO-era absurdity.
- Peak
- tiny raise; infamous exit
- Cause
- Rug Pull
- Year of death
- 2018
☠️ Cause of death
The team executed an exit scam, taking the funds raised and abandoning the project overnight.
📓 Lessons left behind
- —A buzzword-stuffed whitepaper is not a product.
- —Anonymous teams can vanish with the raise at any moment.
- —The ICO mania funded ideas that never needed a blockchain.
🌱 The idea that survived
Team accountability
Reinforced demanding doxxed teams and milestone-based fund releases for token sales.
#nft#ico#exit-scam#rug