Xirtam Token Airdrop Cancelation Sparks Controversy

Xirtam Token Airdrop Cancelation

On April 26, the Xirtam token's initial airdrop offering (IAO) was unexpectedly canceled on the Arbitrum decentralized exchange, AlienFi. The abrupt halt occurred just minutes before the scheduled launch, leaving many in the cryptocurrency community puzzled.

Unclear Responsibility

The responsibility for the cancelation remains uncertain. Confusion arose as neither party immediately took responsibility. This ambiguity fueled speculation and discussions among investors and stakeholders.

Allegations and Controversy

AlienFi shared screenshots on social media, alleging that Xirtam had conducted a seed sale at a price significantly lower than the Fjord price prior to the airdrop. This alleged sale was unknown to AlienFi's development team. The discovery of this event by AlienFi developers led to a pricing dispute, which purportedly prompted Xirtam to decide on the cancelation.

Pricing Dispute

The core of the controversy revolves around a pricing disagreement. AlienFi asserted that the pre-sale conducted by Xirtam undermined the scheduled IAO's pricing strategy. This discrepancy raised concerns about fairness and transparency in the token's distribution process.

Impact on Community

The incident has sparked discussions within the crypto community regarding the integrity of token sales and the importance of clear communication between parties involved in decentralized finance projects. Such unexpected developments can significantly affect investor trust and market dynamics.

Moving Forward

The cancelation of Xirtam's IAO highlights the complexities and challenges inherent in decentralized finance. As the crypto landscape continues to evolve, transparency and collaboration will be crucial in maintaining investor confidence and ensuring successful token offerings.