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unwise
@unwisecap
Building @trovemarkets
606 Following    1.6K Followers
we want to address what happened around the ico extension. shortly before the ico was set to end, a potential issue was identified involving a cluster of wallets that appeared coordinated. the concern was that a single actor could end up controlling a large portion of the raise, which would hurt token distribution and the long term health of the project. with around 25 minutes left and while also handling mainnet and tge preparation, the team had to make a fast decision. the choice was to either end the round and accept the final outcome, or extend it to allow more real participants to enter and protect distribution in case those wallets turned out to be a single actor. in that moment, extending felt like the safer option, but it was obviously the wrong call. the timing and communication of this was a mistake, and we fully understand why it felt unacceptable after clearly stating the ico was ending one hour prior. we take full responsibility for this. there was no intent to change the rules, but the decision and how it was handled was wrong. it happened because too many critical things were happening at once and we made a rushed call under pressure instead of slowing down and thinking it through. from here on, that chapter is closed. we are done raising and can finally focus fully on what we do best. we also do not want to keep going back and forth on this publicly. we will let ct and the community to digest this and form their own views. from now on we will speak with our actions, not words. our communication will be based on what we build, ship, and deliver. to provide full transparency, we will also be commissioning an independent third-party review of the raise wallets and distribution and will share the results with the community.
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