🚨 Important update regarding the launch of the NeuroLabs project on BIO!
Bio platform has issued an official clarification about what happened during the last sale process (Ignition) for the NeuroLabs project, and has announced decisive and compensatory steps:
1️⃣ Reason for the delay:
A technical issue in the Subgraph infrastructure, along with an outdated message on the page, led to a delay in completion and a 1-hour gap before the TGE.
2️⃣ Clarification about the sale of the large wallet:
It turned out that the wallet belongs to one of the project’s advisors and received its available allocation for immediate trading (without a lock-up/unbonding period/Vesting). It then sold 2.15% of the total supply.
The platform confirmed that it will enforce strict Vesting for all advisors and the team in upcoming launches to prevent any sudden selling pressure.
3️⃣ Compensation for participants:
All BioXP points that were allocated/used in the sale for all participants will be fully returned.
📌 Summary: A great step by Bio to protect the ecosystem and restore community trust, with improved launch mechanics for the next release via the OpenLabs platform.
$BIO
Bio platform has issued an official clarification about what happened during the last sale process (Ignition) for the NeuroLabs project, and has announced decisive and compensatory steps:
1️⃣ Reason for the delay:
A technical issue in the Subgraph infrastructure, along with an outdated message on the page, led to a delay in completion and a 1-hour gap before the TGE.
2️⃣ Clarification about the sale of the large wallet:
It turned out that the wallet belongs to one of the project’s advisors and received its available allocation for immediate trading (without a lock-up/unbonding period/Vesting). It then sold 2.15% of the total supply.
The platform confirmed that it will enforce strict Vesting for all advisors and the team in upcoming launches to prevent any sudden selling pressure.
3️⃣ Compensation for participants:
All BioXP points that were allocated/used in the sale for all participants will be fully returned.
📌 Summary: A great step by Bio to protect the ecosystem and restore community trust, with improved launch mechanics for the next release via the OpenLabs platform.
$BIO