Ah, I didn't expect it—after Blast and Blur, now it's StandX.
The boss @StandX_AG announced they're not doing a TGE, and will instead airdrop $DUSD, with no lockup. All user funds are safe.
They also said they never took a cent of VC money, and their TVL peaked at $200 million. They could technically launch a token, but the cost of launching one just to fuel short-term speculation would ultimately fall on users—and they don't want to do that.
Jeni Jun also invested in this project. I'd be lying if I said I wasn't disappointed, but I admire this dignified exit more than forcing out a token and leaving everyone holding the bag.
How many crypto projects just take the money and run? How many would refund users using their own money?
The mountains will remain, the rivers will flow on. Until we meet again! 🫡
The boss @StandX_AG announced they're not doing a TGE, and will instead airdrop $DUSD, with no lockup. All user funds are safe.
They also said they never took a cent of VC money, and their TVL peaked at $200 million. They could technically launch a token, but the cost of launching one just to fuel short-term speculation would ultimately fall on users—and they don't want to do that.
Jeni Jun also invested in this project. I'd be lying if I said I wasn't disappointed, but I admire this dignified exit more than forcing out a token and leaving everyone holding the bag.
How many crypto projects just take the money and run? How many would refund users using their own money?
The mountains will remain, the rivers will flow on. Until we meet again! 🫡