In light of recent events, Gotbit would like to address and provide clarity on several accusations and misconceptions concerning the collaboration with VV Project.
Amid the flurry of claims, the company wishes to present evidence to showcase its unyielding support and substantial contributions to the partnership. View the detailed Gotbit VV report for comprehensive insights.
Despite market challenges, Gotbit’s efforts ensured VV Project met Dao Maker KPI, consequently securing $200,000 in raised funds. The partnership witnessed a significant increase in USDT balance for VV team, reaching $573k, up from the initial $302k. Further enhancing the project’s success, the price hit 12.5x ATH on the listing date with Gotbit’s support.
Exploring the Role of Gotbit
Beyond the typical market maker services, Gotbit showcased commitment:
Provision of Liquidity: Gotbit provided a total of $100k liquidity to LP on Uniswap & PancakeSwap, locked for three months.
Investment for Launch Hype: Over $100k was invested in buy pressure for a hyped VV launch.
Funding and Price Support: Gotbit allocated $500k of its own funds for substantial buy pressure during the launch and assurance in KPI maintenance.
Despite these substantial contributions, the VV team unfortunately accused Gotbit of incompetence and a poor launch, overshadowing the extensive efforts to navigate the complex NFT market landscape.
I would be weary of any projects you see working with the market maker @gotbit_io as a leaked report shows highly questionable services offered.Gotbit claims:“During the first minutes in the price discovery stage we are going to push the price up to 10x to create FOMO and… pic.twitter.com/ndvrNlG3VW
— ZachXBT (@zachxbt) September 24, 2023
Addressing Accusations
Gotbit addresses each accusation:
KPI Price Support: Clear evidence refutes claims against Gotbit’s support for KPI price. Proofs, including screenshots, confirm Gotbit’s alignment with the founders’ requests.
Funding and AntiSnipe Solution: Gotbit not only provided extensive funds but also offered the AntiSnipe solution for free, contrasting the accusations of earning $60k from it.
Transparency of Funds: Contrary to claims, Gotbit maintained transparency, with all fund flows traceable via blockchain.
The assertion by a tweet from ZachXBT questioning Gotbit’s services further complicates the narrative.
In summation, Gotbit’s detailed report and continuous clarification efforts aim to not only clear its name but also highlight the substantial positive impact it had on the VV project. The company remains dedicated to ensuring satisfaction for every stakeholder, emphasizing its comprehensive role in the partnership and addressing each accusation with concrete evidence.
Amid the turbulent NFT market and unfounded accusations, Gotbit stands firm in its commitment to transparency, excellence, and unwavering support for partnered projects. The company continues to navigate the complexities of the market, contributing significantly to the VV project and ensuring stakeholders’ satisfaction and project growth.
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