Community centric approach: F5 protection in action.
25 Jun 2023, 16:42
Community centric approach: F5 protection in action
It has come to our attention that catcoin has alleged that Oxbull has "defrauded" the project team.
It has been made known to the Catcoin founder the terms of F5 on the "date" and we have outlined the milestones for catcoin to achieve under the F5 structure as means to protect the community and to keep projects honest in the journey of building the project in the early stages.
The same message have also been repeated in all of our communications, mediums, AMAs.
For reference, the milestones were:
- 5,000 Holders
- Increase social engagement
- 5M FDV Valuation
- Weekly Development Update
- Weekly Marketing update
Whilst we regret that the project was not able to align itself and achieve the milestones outlined, oxbull stands by the decision of adhering to the original structure of F5, as any deviation to the terms would defeat the very purpose of integrity and foundation of what F5 stood for.
Integrity is part of our core values. Oxbull haven't touch a single cent on the project raise fund and the volume tax.
Funds are safu:
Oxbull remains open to suggestion from the community to bring about the discussion of funding handling and the next steps.