The KIP protocol, a WEB3 company that builds AI payment infrastructure, has been involved in the Libertad project promoted by X’s Argentina Javier Milei.
Julian PEH, CEO and co -founder of the KIP protocol, said on February 15 that the KIP protocol was hired by a technology consulting firm to help distribute project funds to Argentina’s local business and did not create tokens itself.
The CEO also argued that the KIP protocol did not act as a market manufacturer of tokens and did not benefit from selling tokens. PEH did not provide more information about other entities related to the launch of Libra.
In a separate social media post, PEH added that the company is still operating the Project Libertad and trying to support business in South America as originally promised.
Libra has attracted investors’ attention in accordance with the current post by President Javier Milei, which is fixed on the president’s X -page for several hours and approved the project as a growth engine for Argentina’s small business and new companies.
source: KIP protocol
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Analysts raise serious concerns about the VIVA LA LIBERTAD project.
Investors were initially afraid of social media hacking after President Milei’s X -Post promoted the token, but the project was more justified in the eyes of market participants with the reconstruction of other Argentine politicians.
President Milei later withdrew his support for VIVA La Libertad and insisted that he had not known much about the project because of the Token launch.
According to Kobeissi Letter, a popular market analysis company and financial newsletter, the website of this project is connected in a simple Google form for companies to apply for funds.
The Financial Newsletter was also created a few hours before the token was released, and the domain was registered for a year.
Kobeissi Letter said, “There is no public owner information and there are several limited domain status.” “Did this project literally make it all night?”
Metamasks now have a phishing warning for Viva La La Libertad project websites. Source: Metamask phishing protection
According to the data from Bubblemaps, 50%of the token supply is currently stored in a single wallet.
Onchain Analytics Company warned users that at least 82%of token supply could be unlocked and sold at any time.
Bubblemaps is different from the firing of Trump Memecoin in that the token supply part of Trump is locked for a certain period of time.
Despite the lock period, the US president’s token launch led to legal and political investigations from critics claiming that tokens were the way of bribery.
magazine: Influent Schematic Sealing Memo Incross Faces serious legal results.