SatoshiVM and IDO platform are at loggerheads: suspected to be behind the scenes operation of a crypto KOL with 500,000 followers, 300-fold myth "flash crashes" due to uneven benefits
Written by: Xiaobai Navigation Xiaobai Navigationcoderworld
Remember the Bitcoin that rose 50 times in one day, the IDO profit was 300 times, and more than 280 well-known KOLs shouted orders to promote it?L2Project SatoshiVM?
It took only 10 days from posting the first tweet to officially launching the issuance, creating a popular Bitcoin concept project with a market value of over 100 million US dollars.
A lot of questions have arisen around the project:
Who is the issuer behind this project? Why was it able to mobilize more than 200 of the most influential KOLs in the crypto field to promote it in a short period of time?
According to SatoshiVM TokenEconomics, supply of 15% distributed to contributors (KOL), distributioncontract 0xe77…5E00 sent more than 1.2 million SAVM (about $12 million) to 250 KOLs, of which 50% has been sold on Uniswap.
Someone passed the test networkcontractIt was found that the technical solution of the project came from Bool Network, so it was speculated that SatoshiVM was issued by the Bool Network team. However, according to the investigation of the reporter of Coderworld, Bool Network only provides a technical solution. Bool Network currently focuses on the Bitcoin verification layer and can serve all Bitcoin Layer2.
Some people also speculate that the operation behind SatoshiVM all comes fromDAOApe Terminal is an IDO platform created by former Maker employees. SatoshiVM is issuing IDO on Ape Terminal.
On January 25, perhaps due to a "dispute over interests", Ape Terminal and the SatoshiVM team had a public quarrel and exposed the "scandal" behind each other.
First, MacnBTC, a well-known KOL who has been promoting SatoshiVM and has 500,000 followers, attacked Ape Terminal, saying that Ape Terminal deceived everyone and that they did not sell it fairly.walletApply to participate in IDO, but there are only 10 winners each time, and all winners are Ape Terminal team members. In addition, Ape Terminal also charged a handling fee of 25%.
Although the Ape Terminal team returned part of the IDO fees to the Satoshivm team, they sold thewalletMade millions of dollars.
SatoshiVM official Twitter confirmed that Ape Terminal has refunded its IDO 25% fees, a total of 52,000 $SAVMReturned to SatoshiVM vault.
In response to the accusations, Ape Terminal issued a statement to fight back, saying that SAVM was a project founded by the well-known KOL MacnBTC.
“SAVM is a bittersweet event for Ape Terminal. Mac and his KOL friendsCommunityDumping and profit of more than $20 million."
Ape TerminalGoogle DocsDetails of contact with mac and clearing are givenTokenrecords.
In Ape Terminal's view, they became scapegoats for MAC.
In response, MAC said that he was an advisor to the SatoshiVM team and worked closely with them. He introduced Ape Terminal to the SatoshiVM team. However, after the SatoshiVM team achieved success, he was attacked out of context. He did not register the liquidity, but someone else did.
Or because of the quarrel, SAVMTokenThe 24-hour drop exceeded 30%.
The world is bustling with people seeking profit, and the same is true in the crypto world. Perhaps from the beginning no one expected that this project would be so "successful", so that after generously giving out chips, many people felt that their interests were violated.
At present, KOLs, project owners and IDO platforms have different opinions, and perhaps only they themselves know the truth. However, in an encryption industry that emphasizes de-trust, trust itself is scarce and precious in the complex disputes over interests.
Human nature always cannot stand the test.
The article comes from the Internet:SatoshiVM and IDO platform are at loggerheads: suspected to be behind the scenes operation of a crypto KOL with 500,000 followers, 300-fold myth "flash crashes" due to uneven benefits
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