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BTC $63,356.60 -3.64%
ETH $1,833.21 -2.73%
BNB $592.15 -1.16%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $484.90 -10.20%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

skyark

Binance Labs: The SkyArk team did not communicate with them before the promotion, so Binance Labs made a unilateral clarification

ChainCatcher news, Binance Labs Fund stated on social media that Binance Labs has invested in hundreds of projects over the past few years. As an investment institution, we always strive to support the projects we invest in. Every investment institution naturally hopes to see the projects they invest in thrive.Normally, the project team communicates with us before the PR to confirm the content to be released, which is stipulated in the investment contract;If the project team does not communicate with us but acts in good faith, we will not mind. The core issue is that we were not aware of the $15 million investment round or that Binance Labs was leading the investment before the SkyArk Chronicles team released their PR;After the SkyArk Chronicles team released the PR, we contacted the project team to request deletion and correction;Until today, some users approached Binance Labs to confirm the investment information, and we discovered that the project team only deleted the Twitter post and did not clarify the facts; thus, Binance Labs made a unilateral clarification.The development of a project will not collapse because Binance Labs clarifies the facts; if it is built on false expectations of prosperity, it is not true brilliance. From the project team's operations and promotional capabilities during this period, we can see the potential of this project team for end users and the community, but we hope everyone focuses on the product rather than building on the misunderstanding of Binance's $15M lead investment. We state the facts and hope the project continues to work hard and strive for greater heights.
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