KIP: The release and market making of LIBRA tokens are entirely the responsibility of KelsierVentures, and no wallet belongs to KIP

PANews
PANews|Feb 16, 2025 00:33
KIP Protocol has issued a clarification announcement regarding the release of LIBRA and the role of KIP, stating that the token release and market making are entirely the responsibility of KelsierVentures, represented by Hayden Davis, the initiator of the project, and no wallet belongs to KIP or myself. KIP is invited to manage/supervise the selection of funded technology projects and provide technical infrastructure for AI programs after their release. All matters related to issuance and tokens should be directly handed over to Kelsier, as they are handling the matter and planning to transfer the tokens to the foundation. When President Milley announced the project on Twitter, it caught people's attention. At that time, KIP did not participate in the release because the role of KIP Protocol was always after the release. KIP suffered a lot of FUD today, including threats to individuals and employees, but did not participate in the release, did not handle any tokens or SOLs. All SOLs obtained today will be re injected into LP. All market making fees will be transferred to a foundation in Argentina. The foundation will continue to operate the plan as originally planned. All detailed information about the token should be sent directly to Kelsier. KIP Protocol did not receive any profit from today's event. KIP does not engage in token issuance or market making business.
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