🔥JUST IN: VITALIK DONATES 16,384 ETH FOR PRIVACY & DECENTRALIZATION
Vitalik Buterin donated 16,384 $ETH to support open, secure infrastructure focused on privacy and decentralization.
🔥JUST IN: VITALIK DONATES 16,384 ETH FOR PRIVACY & DECENTRALIZATION
Vitalik Buterin donated 16,384 $ETH to support open, secure infrastructure focused on privacy and decentralization.
Privacy on Ethereum shouldn’t mean opaque black boxes. With compute in confidence, TEN lets builders decide what’s public and what stays private - while preserving Ethereum security and settlement.
Read the @CryptoSlate's interview with @0xCais 👇
https://t.co/lBiCvTYQPm
2/10
$TEN is completely under the radar.
No influencers, no marketing push, no major listings and no market maker.
This is the quietest it will ever be.
@Gavin_Chain Thanks @Gavin_Chain for your public leadership and openness.
The real TEN community is the builders and the users of the apps they build.
Pre-sale investors and airdrop yappers day 1 P&L does not equate to the quality of your technology, vision and future adoption.
Onwards!
Yesterday was Day 1 for TEN. We made mistakes, and we owe you an apology.
We’re here for the long haul, and it’s important we start by owning where we fell short.
We made serious mistakes around communication during TEN's token launch. That's on us.
Here's what went wrong
We changed the airdrop claiming process too late, and we did not communicate the claim gas fees clearly in advance. We were hesitant and reactive when we should have been proactive and present. We created uncertainty at the exact moment when clarity mattered most.
We didn’t communicate what was happening, when to expect progress, or why certain decisions were made. Even when the team was working, the silence came across as indifference, and that’s on us. We should have anticipated that and done better. We hear your frustration and anger. And we accept the criticism.
Regardless of our intentions, the impact was real. Some of you questioned our integrity, and that is a serious failure which we take responsibility for.
Today is not something we're trying to bury or "move past." We are taking it seriously and will address it openly. We also know words alone won't fix this. What matters now is what we do next.
What happens next
With immediate effect, we are improving how we communicate with you, starting with a livestream tomorrow at 2 pm UTC to walk through what happened, answer questions directly, and listen.
Over the next weeks:
FUSE goes live. Between now and then, we will explain more carefully what FUSE is, what it means for you, and why it matters for TEN and for the industry in general.
TEN will continue to prepare for mainnet and work with our dApp partners, ready for launch. We will provide weekly updates on progress and how it aligns to the published roadmap (https://t.co/5g7iTf1MiZ)
And especially in the days ahead, you'll see real actions being taken by the team to address all of these concerns and bring more stability across the ecosystem.
What hasn't changed
Our vision. We remain committed to building privacy for Ethereum, where builders can deploy products that were previously impossible. $TEN token launch is step one. The protocol and the technology are being prepared for launch to deliver the vision. The hardest and most meaningful work is still ahead. One final point we want to make absolutely clear: The entire team and all investors remain 100% vested and fully locked. No one has sold a single token, or is looking for an exit.
We are here for the long game, and our incentives are aligned with the success of the protocol. This day was extremely difficult. But thank you to those who called us out and to those still standing with us. We value your support more than we can express, and we're more committed than ever.
Thank you for holding us to a higher standard. We intend to meet it.
Gavin, Cais, and Tudor (TEN’s co-founders)
I want to speak directly to everyone following today’s events. It’s been an extremely difficult 2 days, both personally and professionally. I’ve spent the last 5 years building TEN because I genuinely believe Ethereum needs encryption - and that belief hasn’t changed.
I know today’s communication about TEN wasn’t as clear as it should have been, and I understand the frustration and uncertainty that created. So let me state this plainly: the mission remains. We are committed to bringing privacy to Ethereum, and the team is still here. No one on the TEN team has sold tokens. I’m sharing the screenshot and link below mentioned during the call for full transparency because trust matters - especially now.
This moment is challenging, and it’s not what any of us hoped for at this stage. But it doesn’t change the work ahead or the vision that started this. We’re here, we’re accountable, and we’re continuing to build.
Thank you for holding us to a high standard - we intend to meet it.
https://t.co/Ayvlqz9HWG
$TEN narrative is pretty strong for it to be undervalued. I’ve been checking the price movement on BingX and for a token that technological focus on privacy, scalability, and Ethereum integration positions I’ll say it as a compelling project in the evolving Layer 2 landscape.