The latest update on Spur Protocol project and circumstances surrounding the listing on centralized exchanges CEX, Delisting and token generation event.
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New concerns, questions are: is the project legit or scam? is token generation event and Mainnet Launch ever possible?
Community Update
We’re using this opportunity to provide clarification and address some circulating narratives.
First and foremost, SpurProtocol has never sold a single token on any exchange. To date, Coinstore did not allow any token deposit.
For transparency, here is the updated SON contract address:
0xf33b4478edB22A650C0d730d47868d4Effa16b40
Community members with blockchain expertise can independently verify that the only token holders are:
1. Coinstore
2. Market-making wallets
3. Launchpad partnership wallets (one partner operates three wallets)
4. A test wallet, used for staking contract testing
All recent market activities and manipulations were handled by Coinstore, including actions involving the market-making account unlawful USDT deductions. These activities occurred without our authorization and included irregularities that are currently under review.
As a result, we will be formally requesting delisting from Coinstore. Following multiple red flags and warnings from fellow developers and partners received after listing arrangements were finalized, we acknowledge this was the wrong choice.
We sincerely apologize to our community and investors for the wrong choice made.
We extend our appreciation to our launchpad partners, especially Huostarter, for their continued support. At this time, we respectfully request that launchpad investors be fully refunded.
Going forward:
All new exchange listings are suspended indefinitely
Airdrop distributions are also suspended indefinitely
These steps remain in place while we work closely with advisers and partners to resolve the situation properly
An app update will be released in due time to adjust engagement mechanics and service parameters.
Thank you for your patience, trust, and continued support.
We remain committed to transparency and to rebuilding stronger.
— SpurProtocol Team
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This channel does not support scam or fraud in anyway. All our contents are for educational purposes only. We do not own the platforms used here and can not be so accurate in predicting their operations later on. We are not financial experts and do not offer financial advice here. Always do your own research and be responsible for actions taken after watching our tutorials.
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