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KIP Protocol Co-founder: LIBRA project funds are still on the chain, KIP only assists in management as a fund distributor
2025-02-15 07:10

Odaily News KIP Protocol co-founder Julian posted on social media that, as mentioned in the original tweet of Argentine President Mile a few hours ago, the Libertad project aims to promote the Argentine economy by funding small projects and local businesses, supporting those who seek to develop businesses and contribute to national development.
Currently these funds are still on-chain and no SOL will be moved. KIP Protocol's main role in this project is to help distribute funds to Argentinian companies, not in terms of tokens, and certainly not as a market maker. It should be noted that LIBRA has no pre-sale, and all tokens are sold through a one-sided liquidity pool.
KIP Protocol will develop a plan to run the Libertad project based on the initial goals. No SOL will be used outside of the purpose of running Project Viva La Libertad. More details will be announced later.