[ad_1]
It was not immediately clear which party was responsible for the cancelation. In a series of screenshots shared on Twitter, AlienFi alleged that, unbeknownst to the development team, Xirtam had conducted “a seed sale sold 3x+ below the Fjord price” before the scheduled IAO and Xirtam “decided to cancel” after AlienFi developers discovered the event, leading to a pricing dispute.
According to an April 20 post, Xirtam was scheduled for a two-part presale with liquidity protocol Fjord Foundry and a private-public sale with AlienFi. The IAO with AlienFi was scheduled for April 26 with a total raise target of 350 Ether (ETH) for 50 million Xirtam tokens.
According to data from Fjord Foundry, Xirtam’s presale lasted between April 23 and April 26, drawing a total volume of $3.9 million. In a statement released on April 26, AlienFi developers said the launch was canceled “5 minutes before [it was] supposed to begin.” Cointelegraph has reached out to Xirtam for comments but did not receive a response by press time. None of the allegations mentioned in the story have been independently verified by Cointelegraph.
Magazine: Billionaire buys CryptoPunks, Arbitrum finds traction, markets ignore warnings
This is a developing story, and further information will be added as it becomes available.
[ad_2]
Source link