PANews reported on March 16 that Bybit CEO Ben Zhou responded to community doubts on X Breakthrough about improper use of the Launchpool mechanism, which led to abnormal selling pressure on OIK tokens as soon as they were launched. He said: "The Launchpool activity budget of this project has allocated a total of 10 million tokens to us, 3.3 million of which have been issued, and more than 90,000 users have participated in the activity. The Launchpool is still ongoing and will be completed on March 19. There are still 5.7 million to be issued. Bybit never sells the activity budget for profit. This market manipulation has serious legal consequences and the budget is in the hot wallet, which can be audited by any regulatory department. At present, OIK is indeed sold by large investors in the market, and we are investigating the specific details in compliance. In the future, considering allowing the community to see our budget more intuitively, we will use an independent wallet to accept the project party's budget so that the community can see the budget usage openly and transparently."
Bybit CEO: There are large investors selling OIK and we are investigating. Bybit will not sell the activity budget to make a profit
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Author: PA一线
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