BAS Team on Platform X:
Dear BAS Shareholders,
We deeply regret the market disruption today.
This was caused by our misjudgment of the potential selling pressure from the 1% distribution allocated to the Binance Booster.
Our aim was to reward early supporters and grow the Binance community together, but we underestimated the short-term impact that a large distribution like this, coupled with a high fixed distribution value, could have on the market.
As a result, this caused unexpected volatility, and we take full responsibility for this mistake.
We also want to be transparent, as similar large-scale distributions have been planned for the coming months. However, after reviewing today’s results, we realized that this approach is neither sustainable nor healthy for the project and the community. We are now actively working on designing a more balanced distribution strategy to reduce selling pressure and ensure fair benefits for all users.
Rest assured, we are fully confident in the project's long-term value. The team will gradually begin buyback operations to help stabilize the market and demonstrate our commitment. We firmly believe in BAS’s foundational role as a BSC Certificate Ledger and the importance of our core product in the BNB ecosystem.
BAS is not just another project; it is the infrastructure that connects verification, trust, and value across the entire BNB chain.
We will do our utmost, and we will continue to build for the long term.
With our sincere apologies and confidence,
The BAS Team
