CyberKongz has received a Wells Notice from the SEC.
We are extremely disappointed at the approach the SEC has taken towards us, but we are going to stand up and fight for a brighter future that holds more clarity for NFT projects.
We have been suffering in silence for the last two years, ever since we first received contact from the SEC. Throughout the entire process they have showcased a complete lack of understanding of blockchain technologies that has resulted in unjust accusations and information inaccuracies.
CyberKongz is a project deep-rooted in gaming and the SEC’s Division of Enforcement have approached us with very concerning rhetoric that you can not have a token (ERC-20) in tandem with a blockchain game without registering it as a security. This discourse would have major implications for the entire web3 gaming industry, and we will defend against this stance for the wider space.
In addition, the SEC has also demonstrated a perplexing interpretation of smart contracts. One of their major concerns with CyberKongz is around the 'sale' of Genesis Kongz in April 2021, which was actually a contract migration. If they cannot distinguish between a primary sale and a contract migration, what hope do we currently have for a clear regulatory pathway going forward?
CyberKongz have a small team, have never raised capital or had a large treasury, yet we have chosen to take this fight as we have always believed in pushing this space forward. Our vision has always been on innovation and pushing boundaries in web3. We are now going to fight for a clearer regulatory pathway for digital assets on the blockchain.
It has become increasingly apparent that the current administration is trying to force their anti-crypto agenda at the last minute. We hope that the new administration puts an end to this unjustness on our industry, but until then we will fight for NFT projects on all chains. We stand with @brian_armstrong, @dfinzer, @haydenzadams, and many others who are leading this fight for our industry.
It is a huge sigh of relief to have these shackles lifted from us and put this into a public domain. We want to say that we are here for any project that is going through this also and can offer a helping hand anytime.
For the CyberKongz community, this is the start of a new beginning. One without the burden of us suffering in silence and working in fear. It is time for CyberKongz to push forward without this holding us back. We firmly believe brighter times are ahead for all of us.
#KongzTogetherStrong
One year ago I called out Hasan for his poor reporting. Accusing him of doing propaganda. He spent the next 12 months proving me right. Glazing terrorist. Trying to radicalize other streamers. Loving that they stomped on American flags and took civilians hostages.
He has no moral consistency. He virtue signals when Asmon calls Palestinians inferior while saying the same thing about Tibetians.
When called out for this he lies, he LIES more! Rewriting history. Creating a fake personality for the Houthi Terrorist he interviewed. Justifying him wanting to put Jews on spikes.
He uses the same coded language as Nick Fuentes. Creating a breeding ground of antisemitism. And what's crazy is Twitch stands by him doing this.
I will not let Hasan Get away with these lies. This is Pt. 1 https://t.co/7UHvmhQG8P
A Congressional letter has been sent to the leadership of both Amazon and Twitch to sound the alarm about the amplification of antisemitism on Twitch. Hasan Piker, who has described Orthodox Jews as “inbred” and a Jewish man as a “bloodthirsty pig,” is the antisemitic voice of a systemically antisemitic platform led by Dan Clancy. The time has come to hold Hasan Piker and Dan Clancy accountable.
Twitch CEO Dan Clancy has enabled antisemitism to spread like cancer on Twitch.
His top revenue earner, Hasan Piker, is rumored to earn a seven figure multi million dollar salary while pushing antisemitic, pro terror content under Clancy's watch.
Dan Clancy must resign.
One of my proudest moments in web3:
@CyberKongz now have the highest engagement out of any NFT project across all chains.
Massive credit to our marketing strategies and amazing design team.
Not stopping here.
I'm seeing a lot of fake fud that "people don't appreciate" Ronin Network's growth.
I think this is fake manufactured news.
Notice how RON price and Active users moved in lockstep from Nov-> April?
This is actually one of the only times I've ever seen fundamentals move price in crypto which I think is an accomplishment to be proud of.