Hello all, we wanted to take a moment to make a statement to the community:.
13 Nov 2022, 18:33
Hello all, we wanted to take a moment to make a statement to the community:
First, you’ve more than likely been watching the drama unfold with FTX, and other surrounding companies. The summary is that many of these firms are insolvent and cannot complete user withdrawals because of this.
This is creating cascading negative price action in the global crypto market that no one can prevent.
Many projects that have been well funded by alameda/FTX ventures and partner ventures were required to host their treasuries on FTX per their agreement:
This has caused many projects to join exchanges in insolvency, also creating more negative price action.
No one can truly prevent this price action until we reach the “bottom”.
With that being said, many projects will be forced to shut down since they are unable to make payroll, and unable to build:
NFTY is not in this position however. We have plenty of runway, we’ve been allocating more resources to building, and our funds are not compromised by any measure. We have a strict policy to avoid keeping funds on custodian services.
NFTY is getting more and more organized with our communications. We recently posted an update on our ecosystem and there will be another posted end of the week.
If your concern is price action right now then you may need to look for other opportunities.
We are dedicated to building and we will do our best to support the market for NFTY token, but we will not risk the future of the ecosystem to satisfy day traders.
If this statement does not resonate with you, then feel free to find another project that will accommodate your trading needs.
We’re interested in building long term relationships with our community.
Lastly: in regards to the team tweeting often during this crisis, some community members think we can’t tweet and build at the same time. You’re sadly mistaken. The team understands that during this time it’s important to stand out amongst the noise, and constantly raise our voices to build new networks and capture new audiences. During times like this you find out who really wants to stick around and who doesn’t. We intend on keeping our voices loud to attract new audiences to our ecosystem so we’ll continue to do so regardless of what the community thinks.
Finally: we are not able to tweet about NFTY often 1: because of regulations, and 2: because it doesn’t look attractive for new followers if we simply tweet about NFTY all of the time. We want to lure users in with our product development to sustain long term growth.
Thank you have a great week.
Same news in other sources
113 Nov 2022, 18:33
Hello all, we wanted to take a moment to make a statement to the community:
First, you’ve more than likely been watching the drama unfold with FTX, and other surrounding companies. The summary is that many of these firms are insolvent and cannot complete user withdrawals because of this.
This is creating cascading negative price action in the global crypto market that no one can prevent.
Many projects that have been well funded by alameda/FTX ventures and partner ventures were required to host their treasuries on FTX per their agreement:
This has caused many projects to join exchanges in insolvency, also creating more negative price action.
No one can truly prevent this price action until we reach the “bottom”.
With that being said, many projects will be forced to shut down since they are unable to make payroll, and unable to build:
NFTY is not in this position however. We have plenty of runway, we’ve been allocating more resources to building, and our funds are not compromised by any measure. We have a strict policy to avoid keeping funds on custodian services.
NFTY is getting more and more organized with our communications. We recently posted an update on our ecosystem and there will be another posted end of the week.
If your concern is price action right now then you may need to look for other opportunities.
We are dedicated to building and we will do our best to support the market for NFTY token, but we will not risk the future of the ecosystem to satisfy day traders.
If this statement does not resonate with you, then feel free to find another project that will accommodate your trading needs.
We’re interested in building long term relationships with our community.
Lastly: in regards to the team tweeting often during this crisis, some community members think we can’t tweet and build at the same time. You’re sadly mistaken. The team understands that during this time it’s important to stand out amongst the noise, and constantly raise our voices to build new networks and capture new audiences. During times like this you find out who really wants to stick around and who doesn’t. We intend on keeping our voices loud to attract new audiences to our ecosystem so we’ll continue to do so regardless of what the community thinks.
Finally: we are not able to tweet about NFTY often 1: because of regulations, and 2: because it doesn’t look attractive for new followers if we simply tweet about NFTY all of the time. We want to lure users in with our product development to sustain long term growth.
Thank you have a great week.
Hello all, we wanted to take a moment to make a statement to the community:.
Hello all, we wanted to take a moment to make a statement to the community:
First, you’ve more than likely been watching the drama unfold with FTX, and other surrounding companies. The summary is that many of these firms are insolvent and cannot complete user withdrawals because of this.
This is creating cascading negative price action in the global crypto market that no one can prevent.
Many projects that have been well funded by alameda/FTX ventures and partner ventures were required to host their treasuries on FTX per their agreement: https://twitter.com/autismcapital/status/1591837002991034368?s=46&t=ws4NcHCqHM_deHg8WRoc6A
This has caused many projects to join exchanges in insolvency, also creating more negative price action.
No one can truly prevent this price action until we reach the “bottom”.
With that being said, many projects will be forced to shut down since they are unable to make payroll, and unable to build: https://twitter.com/cole0x/status/1590933735251546112?s=46&t=ws4NcHCqHM_deHg8WRoc6A
NFTY is not in this position however. We have plenty of runway, we’ve been allocating more resources to building, and our funds are not compromised by any measure. We have a strict policy to avoid keeping funds on custodian services.
NFTY is getting more and more organized with our communications. We recently posted an update on our ecosystem and there will be another posted end of the week.
https://twitter.com/nftynetwork/status/1588277086757666816?s=46&t=ws4NcHCqHM_deHg8WRoc6A
If your concern is price action right now then you may need to look for other opportunities.
We are dedicated to building and we will do our best to support the market for NFTY token, but we will not risk the future of the ecosystem to satisfy day traders.
If this statement does not resonate with you, then feel free to find another project that will accommodate your trading needs.
We’re interested in building long term relationships with our community.
Lastly: in regards to the team tweeting often during this crisis, some community members think we can’t tweet and build at the same time. You’re sadly mistaken. The team understands that during this time it’s important to stand out amongst the noise, and constantly raise our voices to build new networks and capture new audiences. During times like this you find out who really wants to stick around and who doesn’t. We intend on keeping our voices loud to attract new audiences to our ecosystem so we’ll continue to do so regardless of what the community thinks.
Finally: we are not able to tweet about NFTY often 1: because of regulations, and 2: because it doesn’t look attractive for new followers if we simply tweet about NFTY all of the time. We want to lure users in with our product development to sustain long term growth.
Thank you have a great week.