We are deeply saddened by the loss of our dear friend @charliekirk11. Charlie’s faith, courage, and commitment to family and country were an inspiration to all of us at World Liberty. His legacy will continue to guide us.
🚨 BREAKING: Marco Rubio's State Department will ban any foreigner from entering the country who celebrated the assassination of Charlie Kirk online, Deputy Secretary of State Chris Landau confirms.
"The Great, and even Legendary, Charlie Kirk, is dead. No one understood or had the Heart of the Youth in the United States of America better than Charlie. He was loved and admired by ALL, especially me, and now, he is no longer with us. Melania and my Sympathies go out to his beautiful wife Erika, and family. Charlie, we love you!" - President Donald J. Trump
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This is a method to monetize xMoney in a platform with more users. Clever marketing doesn’t change facts. MultiversX is severely lacking in active users so you’re taking your software to another chain to tap their user base.
The lack of users on MultiversX, and the lack of liquidity available on UTK, makes it unprofitable to continue xMoney on the MultiversX blockchain alone. So instead, you’re issuing a new token on SUI, giving their users access to the platform. Along with your team a brand new user base and token to extract liquidity from to fund operations. To make matters worse, you’re diluting UTK holders and trying to spin it to them like it’s a great deal. The only winners in this deal are insiders.
You’re a smart guy. If you’re massively down in an asset, would you be happy with being given the offer of a 7.25% value gain with ~30x dilution? Or how about a 105% value gain with ~10x dilution and a 6 month lock period? Oh by the way- take a look at the MEXUSDC and UTKUSDC chart to see how they performed in the first 6 months? Now tell me- are you happy with the deal? Are you confident in locking up your money for 6 months?
I’m not sure in what world this team thought using the same old “lock for higher rewards” method that already caused 99% losses more most investors wouldn’t ring alarm bells. It’s not like people have forgotten MEX / LKMEX. Who exactly did the locking periods help with those assets?
Frankly, this is disrespectful to investors and an insult to their intelligence. Show some respect to the current holders, prove you value their investment and support and give them a fair conversion rate without massive dilution or risk.