Lock3r Network X ̶L̶I̶D̶ ̶P̶r̶o̶t̶o̶c̶o̶l̶ Presale (We walk alone)
We announce and send our message to LID Protocol in this article today, that we are no longer going to go ahead with the presale through LID Protocol’s dApp on the 23rd November.
This comes after the recent events with the $DEFO Presale which took place yesterday, where investors have openly discussed their concerns surrounding the way these presales are taking place and with what we have seen ourselves.
There has been two occasions of false promises out of the two projects that we’re successfully launched in the past several days.
DEFO during the AMA with LID claimed (and LID confirmed) that after the presale, VIP Staking and “EWF” early withdrawal fees will be implemented prior to listing to prevent dumps. In addition Glitchr we’re supposed to have a staking platform readily available on the day of launch, which got pushed back by two weeks — inconveniently announced after the presale had commenced. As a result investors have lost a considerable amount of funds due to the projects launched from the platform, as there had been no incentive to hold.
To show our integrity and for the safety of the investors, we feel that it is necessary to not put ourselves amongst the projects that have been listed on LID Protocol and have forcefully withdrawn from the launch on the 23rd November.
Said with a pinch of self-effacement — we are a unique and standout project that has our product readily available before public sale that offers no false promises, transparency and only looking to shake the room in the crypto community. On the contrary, we feel that staying with LID protocol somewhat ties us in or affiliates us amongst the projects we have seen listed on that platform. This is only painting a bad picture for the project, as the community appear to be losing faith in LID Protocol’s presale launches, as they’re fearful for a loss instead of a positive return of investment.
We are looking to take a different avenue that is safe for the investors and increases the likelihood of a successful launch for the investors, not just for the Team and the Platform hosting the presale.
We have looked again to a 3rd Party to host our presale and have considered DistX as our next option or potentially hosting through Bounce Finance and subsequently locking the raised liquidity in Unicrypt for 20 years (because we can).
We would also appreciate and highly value the communities input on our decision going forward from here, and I personally know many members of the community we’re looking forward to the launch ahead, but we can assure you that we will have this rescheduled in a timely manner.
Some of the members of LID Protocol have been amazing, I would like to personally shout out @hotsaucelethal (Telegram), for his actions done with only good intentions — he has been a catalyst to increasing our community reach. We also want to make clear that we don’t assume nor suspect that LID Protocol are running a scheme with the intention to make more money at the expense of the investors, but we do have our own concerns about the organisation of the operations as a whole, which we won’t disclose publicly.
To stay up to date with the progress of our rescheduled presale and the project developments, you can follow us on Twitter @Lock3rNetwork Telegram @lock3rnetworkchannel and Discord .
