KIP Protocol: The raised SOL will support Argentina business interpretation
Mar 03, 2025 pm 11:21 PMArgentine President Javier Milei briefly posted a tweet on social media platform X to promote the token $LIBRA (Vivala Libertad project token), which triggered a brief panic purchase in the market. The price of $LIBRA soared in a short period of time, and its market value once exceeded US$4.62 billion, ranking among the top 33 cryptocurrencies.
However, Milei quickly deleted the tweet and stated that it had nothing to do with the project, and the KIP Protocol team immediately issued a statement denied that it had any connection with Milei. This move caused the $LIBRA price to plummet by 50% in 15 minutes, and the final drop was close to 95%, causing investors to question whether it was a "running scam".
Solayer founder suffered heavy losses
Chaofan Shou, founder of Solana Ecological Project Solayer, publicly stated that he and his team members lost more than $2 million in the $LIBRA project and released the list of core members of KIP Protocol. He expressed strong dissatisfaction and tried to disclose information about KIP Protocol team members (the related tweets have been deleted due to violations).
KIP Protocol responds to questions
KIP Protocol co-founder Julian responded that the Solayer team was inappropriate and denied that $LIBRA was a "running scam." He emphasized that the project received a lot of support when it started, and losses do not equal fraud.
KIP Protocol: Funds are used to support Argentine enterprises
Julian further explained that $LIBRA is intended to support small businesses in Argentina and local economic development, with all funds remaining on-chain and not misappropriated. He pointed out that $LIBRA has not been pre-sale, and the tokens are only sold through a unilateral liquidity pool, and all funds raised will be used for the Vivala Libertad project. He also stressed that the KIP Protocol team did not profit from $LIBRA, but there were problems with the communication method.
Animoca Brands denies participation
Animoca Brands also issued a statement denied any association with the $LIBRA project and clarified that its investment in KIP Protocol has nothing to do with $LIBRA.
Although KIP Protocol denied profitability, on-chain data showed that the $LIBRA team had cashed out more than $100 million, aggravated market suspicion of its fraud. The Solayer team is still pursuing members of KIP Protocol and says they will be held accountable. This incident once again reminds investors that Meme coins have extremely high investment risks.
The above is the detailed content of KIP Protocol: The raised SOL will support Argentina business interpretation. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics

Yes, you can get USDT for free in the following 5 ways: 1. Participate in airdrop tasks on mainstream exchanges, such as registering and giving away, completing novice tasks, and inviting friends to get rewards; 2. Join the blockchain project community and obtain airdrops through Web3 social platform or Twitter/Discord interaction; 3. Participate in the "test network" activity, register the test chain address and simulate the use of DApp to get incentives; 4. Complete tasks on the cryptocurrency navigation platform to receive novice gift packages, participate in sign-in, lottery and other activities; 5. Interact with the content creation and community, and publish original content to obtain USDT rewards from the project party. At the same time, you need to pay attention to security risks, do not fill in private keys, do not believe in scams, and choose mainstream platforms to participate.

The duration of the airdrop dividend is uncertain, but the LayerZero, StarkNet and ZK ecosystems still have long-term value. 1. LayerZero achieves cross-chain interoperability through lightweight protocols; 2. StarkNet provides efficient and low-cost Ethereum L2 expansion solutions based on ZK-STARKs technology; 3. ZK ecosystem (such as zkSync, Scroll, etc.) expands the application of zero-knowledge proof in scaling and privacy protection; 4. Participation methods include the use of bridging tools, interactive DApps, participating test networks, pledged assets, etc., aiming to experience the next generation of blockchain infrastructure in advance and strive for potential airdrop opportunities.

Bitcoin’s July rise is the result of the combined effect of multiple factors, including improved macroeconomic environment, increased confidence in institutional investors and recovery in market sentiment. 1. The Fed's slowdown in interest rate hikes weakens the attractiveness of the US dollar, and the cooling of inflation triggers expectations of a shift in monetary policy; 2. BlackRock's application for Bitcoin ETF boosts market confidence, indicating that a large amount of institutional funds may flow in; 3. The technical breakthrough of key resistance levels attracts traders to participate, and changes in supply and demand relationships further support price increases.

Ordinary investors can discover potential tokens by tracking "smart money", which are high-profit addresses, and paying attention to their trends can provide leading indicators. 1. Use tools such as Nansen and Arkham Intelligence to analyze the data on the chain to view the buying and holdings of smart money; 2. Use Dune Analytics to obtain community-created dashboards to monitor the flow of funds; 3. Follow platforms such as Lookonchain to obtain real-time intelligence. Recently, Cangming Money is planning to re-polize LRT track, DePIN project, modular ecosystem and RWA protocol. For example, a certain LRT protocol has obtained a large amount of early deposits, a certain DePIN project has been accumulated continuously, a certain game public chain has been supported by the industry treasury, and a certain RWA protocol has attracted institutions to enter.

USDT is not a scam, but there are risks. 1. Tether provides liquidity in the crypto market by issuing USDT, a stablecoin anchored by the US dollar; 2. The company's background is related to Bitfinex, and has been fined for audit issues but has increased transparency; 3. The reserve assets are mainly US Treasury bonds rather than pure cash, and there are certain financial risks; 4. Face risks such as insufficient audit frequency, centralized control and compliance restrictions; 5. The USDT market is highly accepted, but trust needs to be based on continuous disclosure and compliance operations. Overall, USDT is trustworthy but does not equal zero risk, and users should be cautious.

To retrieve Bitcoins purchased years ago, you must first determine its storage location and retrieve the access key. The specific steps are as follows: 1. Recall and check the exchange accounts you may have used, such as Binance, Ouyi, Huobi, Gate.io, Coinbase, Kraken, etc., and try to log in or retrieve your password through email; 2. If Bitcoin has been withdrawn to your personal wallet, you must find the mnemonic, private key or wallet file. This information may exist in physical backup, electronic device or password manager; 3. After finding the key information, use the mainstream wallet app to select the "Recover Wallet" function and accurately enter the mnemonic or private key to synchronize the assets; Important tips: Do not disclose mnemonic or private keys to ensure the safe operation environment, and patiently and systematically check all

To transfer USDT to the exchange for transactions, you must first confirm that the chain type matches, the address is correct, and complete real-name authentication. 1. Register and authenticate the mainstream exchange account with real name; 2. Confirm that the wallet is consistent with the USDT chain type of the exchange (such as TRC20); 3. Obtain the recharge address of the corresponding chain on the exchange and copy it accurately; 4. Initiate transfers from the wallet and pay the corresponding handling fee; 5. After arrival, you can trade in the spot or contract market; 6. Pay attention to checking the address, avoid transferring to the contract address, and give priority to low-processing networks. The entire process is usually completed in minutes, ensuring operational safety is key.

The value of stablecoins is usually pegged to the US dollar 1:1, but it will fluctuate slightly due to factors such as market supply and demand, investor confidence and reserve assets. For example, USDT fell to $0.87 in 2018, and USDC fell to around $0.87 in 2023 due to the Silicon Valley banking crisis. The anchoring mechanism of stablecoins mainly includes: 1. fiat currency reserve type (such as USDT, USDC), which relies on the issuer's reserves; 2. cryptocurrency mortgage type (such as DAI), which maintains stability by over-collateralizing other cryptocurrencies; 3. Algorithmic stablecoins (such as UST), which relies on algorithms to adjust supply, but have higher risks. Common trading platforms recommendations include: 1. Binance, providing rich trading products and strong liquidity; 2. OKX,