Odaily News KIP Protocol released an announcement about LIBRA on X: “There is a lot of misinformation about the release of LIBRA and the role of KIP. We would like to clarify:
Token issuance and market making are entirely the responsibility of Kelsier (@KelsierVentures), represented by Hayden Davis, the initiator of the project. None of these wallets belong to KIP or myself (Julian, the co-founder).
After the token launch, KIPs are invited to manage/oversee the selection of funded technology projects and provide technical infrastructure for AI initiatives.
Therefore, all matters related to the launch and tokens should be directed to Kelsier as they are handling this matter and plan to transfer the tokens to a foundation.
The project gained attention when Argentinian President Javier Milei mentioned it in a post on X. At the time, KIP was not involved in the launch, as our role was always after the token launch.
KIP received a lot of FUD that day, including threats against me and my staff, but we had no involvement in the launch and we did not handle any tokens or SOL.
KIP has publicly acknowledged its role in the project (despite not participating in the token launch) as we are listed on this site and believe in the potential of the initiative.
As a technology company, our focus remains on innovation and infrastructure - never on token issuance.
After discussing with Kelsier, we learned the following steps:
•All SOL issued on that day will be re-injected into LP/chart.
•All market making fees will be transferred to a foundation in Argentina.
•The Foundation will continue to run the project as originally planned.
All details regarding tokens should be sent directly to Kelsier. We did not profit a single cent from today's activity.
To reiterate, KIP is not in the business of token issuance or market making. We remain committed to transparency and our role in promoting meaningful technology-driven initiatives.”