In the afternoon, I asked around and roughly clarified the AIOT matter, which mainly involves four parties:
· OKZOO project party
· Funding market makers and market team
· New pre-listing investors
· Old early investors
Information sorting:
In 2023, most industry peers participated in the early investment of OKZOO at the invitation of Joseph Young, and according to the agreement, they will lock their funds for one year.
After that, OKZOO outsourced the main market activities and market-making work to two companies, with the market company mainly helping to complete the second round of fundraising and preheating before Binance Alpha.
According to the agreement, after the AIOT token is issued, a portion should be unlocked for these second-round investors.
The market makers are to provide funding for the Binance Alpha pool and control the airdrop post.
Parties involved:
First phase early investors: After investing real money and accompanying for a year, they only learned that the project party had launched a second round of fundraising and could quickly unlock their funds, but after multiple attempts to contact the project party, their messages were left unanswered.
Second phase pre-listing investors: According to the agreement, they should be unlocked after the token issuance, but the market team that helped with fundraising in this round stated that the project party is unwilling to cooperate with the unlocking.
External market makers: They provided a large amount of capital and liquidity, believing that they had done most of the work with the market team, and requested the OKZOO team to take action rather than refuse to cooperate.
Market team: They helped complete the second phase of fundraising and enhance market heat, hoping that the OKZOO project party would fulfill its commitments as previously agreed.
Currently, the project party has not responded to the above multiple parties, leading to disputes on social media, and we will continue to monitor the situation.