A Letter to the Community
we believe that it is time for us to be completely transparent with you and fully explain the situation. Some issues were out of our control, but we made some mistakes as well, which inevitably led to the situation we are all currently in and for which we’d like to sincerely apologize,
The first issue that needs to be covered is the Balancer LBP sale. We explained the LBP mechanism and how the sale works in a detailed article, in many posts and also in the chat. We clearly pointed out that it will start at a high price which will decrease over time until it reaches demand. This is the nature of a Balancer LBP and the same issue exists with many projects who conduct this kind of sale and where people Fomo in without doing the research or reading the provided explanations and warnings.