Forgd faces criticism over token launch advisory services

A reviewer on Ethos with a platform score of 2000 issued a negative verdict on Forgd, claiming the firm provided poor guidance regarding market making for a token launch. The assessment resonated with the community, gathering 108 upvotes and just one downvote.

The reviewer notes that "Forgd is a service that helps Founders connect with market makers thru RFQs." The founder stated that the team initially came across as friendly and trustworthy, but ultimately gave advice that negatively impacted their project.

Launch Strategy Advice

The reviewer wrote, "If they are meant to help you be set up for success on day 1 of a token launch, they failed us miserably." The founder stated that Forgd recommended optimizing for centralized exchange liquidity along with loan and call options. The reviewer now believes a focus on decentralized exchange liquidity would have been a much better strategy for their specific launch.

The review detailed that the main problem was not the specific market makers recommended, but how the project was advised to employ them. The reviewer pointed out that they were guided toward long contracts with early strike prices. They also noted the firm recommended poor allocations for decentralized exchange liquidity. Furthermore, the firm allegedly failed to advocate for clear exit clauses in legal contracts or properly explain how spreads and guarantees work in practice.

Post Launch Services

Following the launch, Forgd reportedly pitched more advisory services to correct the situation. The reviewer stated, "I was insulted, to be frank. They got us into a mess and then ambulance chased to fix things. And asked for payment to do so."

Looking at the broader sentiment on Ethos, the overall project review totals show one negative review, zero neutral reviews, and zero positive reviews. There are no other separate reviews published for the project at this time to provide an alternative perspective.

Comments left on the main review showed support for the founder sharing their difficult experience. One commenter wrote, "Appreciate you sharing this. It is rare to get a view into the market making side of the business." Another user simply asked for clarification on how much money was paid to the advisory firm.

Source: the review on Ethos Network. Project on X: @Forgd_.