The TICS Airdrop incident triggered a big dump of 97% in coin prices, with Qubetics blaming the outsourcing team and promising to reissue all Tokens.

The native Token TICS of the Qubetics Blockchain protocol fell by 97% during the Airdrop event on July 31 due to a technical error, sparking strong follow from the community. The official attributed the mistake to the outsourced development team Antier and promised to resend all due Tokens. The incident severely impacted investor confidence, but Qubetics emphasized that its Web3 aggregation Layer-1 roadmap will continue as planned.

Airdrop incident severely impacted TICS, big dump of 97% triggered panic

TICS is the native cryptocurrency based on the Qubetics blockchain protocol, initially scheduled for an airdrop on July 30. The early market response was positive, with the token surging by 950%, reaching a peak price of $2.16. However, after the airdrop started, serious technical issues arose, with multiple users reporting that the tokens received were far below the expected initial unlock amount of 10%. Market panic quickly ensued, and the price of TICS rapidly collapsed, with a fall of up to 97%.

The technical vulnerability stems from outsourcing, the official denies the core team's responsibility

The Qubetics team acknowledged in an official statement on July 31 that there was a "critical error" in the Airdrop contract, pointing out that the issue lay in the attribution contract design handled by the outsourced developer Antier. The official emphasized: "This problem is not controllable by the core team; we incorporated it into the development process based on the commitments provided by Antier after completing our due diligence."

Qubetics promises to release a complete issue report and redistribute the due TICS shares to all eligible wallet addresses.

Design flaws in the contract lead to selling pressure, accelerating the price big dump

According to the original plan, TICS Token was supposed to be distributed with a "10% immediate release + 1% daily for 90 days" vesting strategy. However, in the actual Airdrop process, the number of Tokens received by users was far less than 10%, accompanied by continuous selling pressure from small daily unlocks, ultimately leading to a collapse of market confidence and a big dump in TICS price.

Blockchain analysts point out that this unlocking mechanism design, in the absence of clear risk control and user trust, can easily create pressure for "continuous big dump," causing an imbalance in the token market.

The project team still insists on the Web3 Layer-1 aggregation vision

Despite suffering heavy losses, Qubetics officials emphasize that their Layer-1 network vision will not change. The network aims to integrate mainstream Blockchain ecosystems such as Bitcoin, Ethereum, and Solana to create a unified interaction layer for Web3 users. The team stated that they are working hard to repair user losses and reaffirmed their long-term commitment to the community.

Conclusion: The TICS airdrop incident highlights the vulnerabilities of crypto projects in contract outsourcing and risk management. How Qubetics adheres to its technical roadmap while rebuilding user trust will be key to whether the project can reverse the situation in the future. It is recommended that crypto investors continue to follow the progress of TICS's compensation issuance and the project's recovery situation, and carefully assess the risks.