Tag: KIP

• Kip Protocol says he did not start or launch Libra.
• The project also did not benefit in any way with the launch, despite having been “deceived” when publishing about the Token.
• Libra, also promoted by Argentine president Javier Milei in X, crashed shortly after launch.

KIP Protocol, the web 3 for AI based, has denied accusations that it had a role in the launch of Libra, the cryptocurrency that turned out to be a great scandal in space.

Monday, Kip Protocol team public A statement that said clarifying the facts around the launch of the Token Libra.

“We recognize the damage that the $ LIBRA situation has caused to many investors, to our customers and the cryptographic community in general. As many have surprised us recent events and we want to clarify the facts about the role of Kip Protocol in the event, ”published the platform in X.

The Kip Protocol declaration listed five key points related to the LIBRA project. It also highlights the support of Argentine President Javier Milei a fact that only saw the retailers suffer since the price collapsed shortly after.

The events even caused the launch of an investigation in Argentina, while industry observers indicated the damage to retail investors. One of the platforms that Criticism was criticized was Kip Protocol.

What has the project on Libra said?

In his statement, the KIP Protocol team has denied the reports that the project began.

“Kip did not start the Libra project or the Living La Libertad project. We do not direct any activity or participate in any discussion about the launch of the Token. We are an artificial intelligence company in the initial stage that became a convenient part to provide coverage to other parts that began and administered the launch of the Token, ”reads part of the statement.

The publication in X also highlighted four other points. Includes the statement that the project did not create or approve the website for the Living La Libertad project. Instead, KIP had an invitation that sought his assistance in the management of a financing initiative aimed at small and medium -sized Argentine companies, or SME.

According to Kip, the “invitation was made by Mauricio Novelli only on February 13, 2025, based on our previous experience in the execution of subsidy programs and our ability to implement AI infrastructure for companies.”

KIP says that the SME financing initiative was scheduled to start at a later date. Libra launched and collapsed before the platform initiated any discussion about the living project La Libertad.

So, Kip had something to do with the launch of Token? No, according to the statement.

“We were not informed in advance of the date or time of sale of the token. We did not promote the purchase of Token in any way before or after the launch. ”

Despite publishing on Libra in X, Kip maintains that they had nothing to do with the launch. The team also benefited from the Token and none of the wallets that received tokens or maintained them belong to Kip.

The launch of the Token of Libra, apparently by Hayden Davis or Kelsier Ventures, saw off guard losing millions of dollars when the token price collapsed.