Justin Sun Criticizes Project Oikos After Failed IEO Talks on Poloniex
Tron CEO Justin Sun publicly refused to support the Oikos project on his company’s blockchain and urged investors not to buy OKS tokens, writes 8btc.
According to Sun, the project was developed by members of the Tron community and has not been officially audited. He also stated that OKS investors expose themselves to risks and may suffer losses due to hacks, and the Tron Foundation will not take responsibility for this..
Oikos has gained significant popularity among Chinese investors. After listing on the local exchange Hoo.com and Sana’s recommendation, the OKS price quadrupled in a few days. Sang’s recent comments led to a 30% drop in the token in minutes.
Oikos, for its part, claim that the discord was caused by the failed negotiations regarding the organization of the token sale on the Poloniex exchange. Sun allegedly requested 10 million OKS for his services, which at the lows cost 0.025 USDT, which is equivalent to $ 250,000.
The incident caught the attention of the Chinese crypto community. Some believe that Oikos has overshadowed Sana’s own project Just (JST), and is therefore demanding “ransom”.
Hoo.com founder Wang Ruixi also opposed Sun, saying it was always good to warn investors about risks, but questioned the warnings given that the project was built on Tron. Some investors also noted that Oikos did contain some kind of vulnerability, so San’s recommendations deserve attention..
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