Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Dear Alfprotocol Community,
With the current market conditions, and in order to make sure that the ALF token release and listing are as successful as possible to all investors we are in need to postpone our Public IDO. The decision to postpone public IDO was made after a careful discussion with all launchpads and partners and we all agreed to the decision to postpone.
Listing the token during such market conditions would not only hurt the project but also our investors. We totally understand that such events are not the greatest but we truly believe that this is the right thing to do. Every investor that participated in the IDO on one of the launchpads will be refunded their investment amount.
Alfprotocol is a unique and extremely well-built DeFi protocol. We believe the demand for DeFi services will be growing rapidly in the nearest future, especially on the Solana blockchain. So we do not want to risk the project’s reputation by listing the token at the wrong time when the whole market sentiment is negative. That is why postponing the public IDO is necessary to ensure the success not only of the ALF token but the protocol as well.
We will announce the next Public IDO date at the soonest opportunity, but just to give you a little more information, we plan to postpone the IDO by a few weeks.
Kind regards,
Alfprotocol Team
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.