The KIP protocol refuses to start the scale start
The KIP protocol refuses to start the scale start
- KIP protocol says it has not initiated or started it.
- The project did not benefit from the start in any way, even though it was "misleaded" to post over token.
- The Libra, which was also funded by Argentine President Javier Milei on X, crashed shortly after the start.
KIP Protocol, the web3 layer for AI based, denied the allegations that it played a role in the start of Libra, the cryptocurrency, which was a big scandal in the room.
On Monday the KIP protocol team published an explanation that means that the facts are To illustrate the start of the Libra token. "We recognize the damage that $ Libra's situation led to many investors, our customers and the wider Krypto community. How many were shocked by the recent events and wanted to clarify the role of KIP Protocol at the event," published the platform on X. The explanation of KIP Protocol listed five important points in connection with the scale project. also shows the confirmation by A fact that only retailers saw suffer when the price was crashed shortly afterwards. In the events, an investigation was even initiated in Argentina, while industry observers pointed out the damage to retail investors. One of the platforms that is to be criticized was the KIP protocol. In its explanation, the KIP protocol team denied reports that it initiated the project. "KIP has neither started the scale project nor the Viva La Libertad project. We have not given any activities, nor have we participated in discussions about the token start. We are a AI company in the early stage that became a convenient party, the other parties that have initiated and managed the start of the tok it says in the explanation. The post on x also emphasized four more points. It includes the claim that the project does not create or approved the website for Project Viva La Libertad. Rather, KIP had an invitation that applied for his support in the management of a financing initiative for Argentine small and medium -sized companies or SMEs. 1/as $ Wazia
with new onchain evidence A thread with Coffezilla riste pic.twitter.com/gnwj97kapf - Bubblemaps (@BroblemAPS) According to the KIP, the "invitation from Mauricio Novelli was only made on February 13, 2025 on the basis of our previous experience in the execution of scholarship programs and our ability to provide AI infrastructure for companies". What did the project say about Libra?
KIP says that the SME financing initiative was only made at the beginning. The Libra started and crashed before the platform led discussions about Project Viva La Libertad.
so Kip had something to do with the token start? No, according to the explanation.
"We were not informed before the sales date or the time of the token sale. We have in no way commissioned the purchase of the token before or after the start."
Although Kip has posted on X Libra on X, she claims that you have nothing to do with the start. The team did not also benefit from the token and none of the wallets that received or held token, belong to Kip. The token start of Libra, supposedly by Hayden Davis or Kelsier Ventures, saw that unsuspecting victims lost millions of dollars when the price of the token had fallen.
Source: Coinlist.me
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