Pike
@pikefinance
To our dedicated supporters… We understand your concerns with our unconventional approach to TGE. We’d like to reiterate some key points that @terry made in his personal address to the community. https://x.com/terrycflam/status/1841116298052505650 🧵 👇
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Pike
@pikefinance
2/7 Pike will be re-launching in this quarter (Q4 ‘24). Compared to Pike Beta, this new protocol will have 3 distinct parts, allowing us to release in a progressive way. Our hope is to let Presale Participants capture that upside in the market when it comes.
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Pike
@pikefinance
3/7 Regarding the tokenomics of $P, we understand your concerns about a lack of liquidity. In hindsight, we should've set aside some tokens to use for developing liquidity. However, we’re confident that this doesn’t compromise our plan to grow the token alongside our protocol.
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Pike
@pikefinance
4/7 To combat this liquidity issue, the team has been acquiring more $P tokens. Our goal is to build a sustainable token economy, and we're committed to increasing the available liquidity.
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Pike
@pikefinance
5/7 Additionally, we are working to retrieve as much of the hacked funds as possible. Our team is working closely with @zeroshadow_io to follow the money, and a portion of the funds have been frozen on @coincraddle. More info will be released when its available.
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Pike
@pikefinance
6/7 Lastly, we've heard your concerns about communication. Moving forward, we'll be sharing more regular updates to keep you informed. We're committed to improving transparency and making changes to repair our relationship with the community.
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Pike
@pikefinance
7/7 This is the last tweet in our thread!
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