Official Statement Regarding King of KOLs
To our community, holders, and supporters:
We want to address the events that led to the collapse of the King of KOLs project and clear up the misinformation that is currently being spread.
From the beginning, our team brought on an individual (@cndcryptofox) to serve as the public face and spokesperson of the project. Although he was not a financial contributor, we believed he could provide value through community engagement, communication, and promotion. To ensure he had a stake in the project's success, tokens were allocated to him as part of the team.
Over time, we discovered actions that severely damaged the project and ultimately led to its failure. Specifically, all dev buys were transferred by this individual to his personal wallet and sold and tokens were removed and sold from wallets that were intended for project operations and growth, including wallets designated for development and marketing purposes. The marketing wallet contained tokens that had been purchased by a team member specifically for future marketing efforts and project expansion.
Rather than working with the team to address these issues, the individual in question began removing team members from internal communication channels, isolating key holders and community members, and creating private groups that excluded much of the core team.
Following a sell-off this morning, he liquidated his remaining position and exited completely. Shortly afterward, he began accusing the remaining team members of "rugging" the project.
Many community members, including large holders, have since reached out directly to remaining team members seeking clarification because the public accusations do not align with what they witnessed behind the scenes.
The individual has owner access to the telegram group so we have no control over that community anymore, but we have secured the project's X account to ensure accurate information can continue to be shared and to prevent further misinformation from being spread under project branding.
We understand that many holders are frustrated and disappointed. We are as well. We invested significant time, effort, resources, and energy into trying to build something successful.
We encourage everyone to review the facts, ask questions, and make their own conclusions based on evidence rather than accusations.
Thank you to everyone who supported King of KOLs throughout its journey.
We gave the hardest working community in crypto a reason to go even harder. Raid to earn, split the pool, repeat. That's what a real #MEMECOIN looks like.
🔐 Just locked 30,000,000 $KoK tokens with @Streamflow_Fi
It's on-chain. You can check the amount, time-period and recipients.
Check it out👇
https://t.co/cOEVyLQTyu
@KINGOFKOLERS
$KoK - 🚀 @0xCryptoshi
We are the raid service designed to pay you when you raid! #Paid2Raid available to all communities on all block chains Dm for details
$KOK Who will become the top king 👑 of KOLS?
Looks like we have our very first one @WinslowArmy
Work has just begun , join us in the community and get paid to raid while the KOLS fight for the top 👑