Recently, there have been concerns raised within the
#Tectum community regarding a transaction involving 500,000 $TET tokens, as highlighted on the CMC. The Tectum team has addressed these concerns to provide clarity and transparency.
Tectum Official Announcement on X
https://x.com/tectumsocial/status/1880979165874196487
The transaction in question involved sending 500,000 tokens to a market-making wallet. This is a common practice in the cryptocurrency space, aimed at maintaining liquidity and ensuring a stable trading environment. Such measures are essential for the overall health of the ecosystem.
Importantly, the Tectum team has clarified that within just nine days, 400,000 of those tokens were returned to the original address. The remaining 100,000 tokens were utilized to replenish liquidity on the MEXC exchange account, which aligns with the standard operations of market-making. This indicates a responsible approach to managing resources.
The team has emphasized that there has been no misuse or misappropriation of tokens. All transactions were conducted transparently and with the community's best interests in mind.
As misinformation can easily spread, it’s crucial for community members to rely on verified information and support one another in fostering a strong and transparent ecosystem. The Tectum team encourages everyone to stay informed and engaged as we move forward together.
For those interested in verifying the transaction details, they can be found through the provided link.
https://oklink.com/ru/eth/token/0x68a47fe1cf42eba4a030a10cd4d6a1031ca3ca0a