KIP: LIBRA token release and market making are entirely under the responsibility of KelsierVentures, and no wallet belongs to KIP

PANews February 16th news, KIP Protocol issued a clarification announcement on $LIBRA release and KIP function, which stated that the token release and market making are entirely responsible for KelsierVentures, and the representative is Hayden Davis, the initiator of the project. No wallet belongs to KIP or I. KIP is invited to manage/oversee the selection of funded technology projects after release and provide technical infrastructure for AI programs. All matters related to issuance and tokens should be handed over directly to Kelsier as they are dealing with the matter and plan to transfer the tokens to the Foundation.

When President Milei posted the project on Twitter, the project attracted attention. At that time, KIP was not involved in the release because the role of KIP Protocol was always after it was released. KIP has taken on a lot of FUDs today, including threats to individuals and employees, but has not participated in the release and has not processed any tokens or SOLs. All SOLs obtained today will be reinjected into the LP. All market making fees will be transferred to a foundation in Argentina. The foundation will continue to run the plan as originally planned. All details about the token should be sent directly to Kelsier. KIP Protocol did not get a penny profit from today's event. KIP is not engaged in token issuance or market making business.