We, the Splendor development team, were deceived by Todor Miroslavov Ivanov. He did not pay our salaries for 1.5 months and used our project to defraud investortodor-scammer.orgJoined January 2026
❗️We believe it is essential to expose Todor Ivanov’s fraudulent scheme in detail — to warn others from getting involved in similar projects.
👉 Read more: t.me/s/scamTodor/9
The conclusion is simple:
– Liquidity = real money
– TVL = real deposits
– Market Cap without them = an illusionShowing only Market Cap is manipulation, not transparency.
And here’s where the “magic” happens.
With $100–$1,000 of real liquidity,
you can easily “draw” a $500,000+ Market Cap.
The price comes from a single trade —
the number looks big, but the money isn’t there.
In simple terms:
Market Cap is NOT money in the token.
It’s just a calculation:
price × circulating supply.
It shows what the cap could be
if all tokens were bought at the current price.
Instead, Todor shows only Market Cap.The problem is that Market Cap does not equal invested money. It’s not real capitalization — it’s a theoretical number that misleads people.
Real money means:
– liquidity in pools
– TVL
– user deposits
This is what truly exists and can be withdrawn.
That’s what shows whether there is money in the project at all.
Let’s talk about real blockchain capitalization and how it gets replaced with pretty numbers.
Real capitalization = real money actually put into the project.
In this case — USDT.
More below 👇
Final takeaway:
– TPS number is fake
– execution doesn’t scale
– network can’t handle it
“2.35M TPS” is not technology.
It’s marketing for people without technical background.
Now the network part.
1M transactions = hundreds of MB of data.
A block like that is ~400–500MB and must be delivered to all validators.
This is not decentralization — this is a data center.
The Splendor website claims 2.35M transactions per second.
For context: Solana, one of the fastest real blockchains, does ~2–4k real TPS.
Even 1M TPS is physically impossible.
More in replies 👇
Todor’s so-called “blockchain” is EVM-like, based on smart contracts.
Each transaction = a program that every validator must execute.
Executing 1M smart contracts takes minutes or hours of compute.
Continue 👇
We are the Splendor team.
We were not paid for our work.
Warning about a scammer — Todor Miroslav Ivanov.
We have proof: chats, promises, timelines.
Months of lies, no payments.
We will expose his schemes and projects.
He built nothing — sold air.
Info: [email protected]
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