The ZKX team decided to terminate its operations, which deeply affected the investment company Amber Group. The company disclosed the investment process and related details to the public. ZKX's decision to shut down sparked widespread repercussions in the cryptocurrency community, prompting investor and market maker Amber Group to clarify the situation in order to increase transparency and support the community. Amber Group announced that they were surprised by the news that ZKX would terminate its operations on the X platform on July 30.
Amber Group stated during its token generation event (TGE) on June 19 that it was engaging with ZKX to support liquidity. The company received a loan of 2 million ZKX tokens under a standard loan agreement without additional fees to run its market operations smoothly. This strategy aimed to provide consistent liquidity and a market-neutral position necessary for the long-term success of projects and their communities.
Despite a lack of organic buying interest at launch, Amber Group continued purchasing to maintain liquidity even as the prices of ZKX tokens dropped. However, on June 24, the ZKX team requested the return of 1 million ZKX tokens in an attempt to reduce circulation and increase community trust. Amber Group agreed to reduce the token loan to 1 million tokens. Thus, he accumulated 2 million ZKX tokens from the open market, increasing his total assets to 3 million ZKX tokens. This total includes 1 million token credits and 2 million net accumulated tokens.
Details on the subject
Other investors, such as Hashkey Capital, have expressed disappointment with the ZKX Protocol, stating that they are not receiving sufficient transparency and accountability regarding financial information, operational plans, and decisions from the protocol. According to Hashkey, the lack of transparent and timely disclosures about ZKX Protocol's operations and management has damaged trust in the project. Additionally, ZKX's unresponsive communication style and founder Eduard Jubany Tur's handling of the situation were disappointing.
On July 31, the social futures trading platform ZKX Protocol, operating on the Ethereum-based Starknet network, terminated its operations due to insufficient economic expectations. The founder stated that the necessary economic conditions for the sustainability of the project could not be met.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can get it done in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
