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Dear Alfprotocol Community,
We believe most of you have been following the events of the last few days in the crypto markets. It’s always painful to watch when other people post massive losses due to some market turbulence. What happened with FTX should be investigated to ensure that such events do not become regular in the crypto markets.
Solana SOL also has been hurt. We saw a massive downside movement with a whopping -40% loss of SOL value in a single day. This created a lot of liquidation and liquidity problems with other protocols on Solana and other chains as well.
We received a lot of feedback from our community in regard to postponing ALF token listing. We had quite a few internal meetings with the whole team and we decided to postpone the ALF token listing for at least a month. We will review the market conditions by mid-December to see if we can continue listing procedures. If the market conditions will remain bad, the ALF token listing will be moved into early 2023. (Preferably January/February) We already had a decent deal with the exchange, but after what happened in the markets we do not want to risk having a failed launch. Rest assured that the vesting schedule will begin as soon as the ALF token is listed and you will receive the rest of the tokens on a monthly basis just as expected. We really do appreciate your patience.
Thank you to the whole Alfprotocol community for providing valuable feedback and most importantly thank you for showing your understanding.
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.