Jupiter Clarifies LIBRA FUD: No Involvement in Token Issuance

Jupiter Team Member Clarifies FUD: No Involvement in LIBRA Issuance or Liquidity Provision, Token Not Whitelisted

In a recent statement, a member of the Jupiter team, Kash Dhanda, addressed the circulating FUD (Fear, Uncertainty, and Doubt) related to LIBRA. During a public Q&A session, Dhanda clarified the team's stance on the LIBRA token and its issuance. He stated, "FUD is prevalent, but the facts are clear: The Jupiter team did not participate in the release of the LIBRA token. We did not deploy, provide liquidity, or engage in the issuance process. We only pre-verified the token after its market cap exceeded $1.5 billion. Several counterfeit tokens have emerged, and given the official disclosure of CA, we want to ensure users can identify the correct token. More detailed information will be provided soon."

This clarification comes amidst growing concerns and speculation surrounding the LIBRA token and its potential impact on the cryptocurrency market. As the token's market cap continues to grow, the Jupiter team aims to provide accurate information to help users navigate the complex landscape of digital assets.

The Jupiter team's statement also highlights the importance of due diligence and verification in the cryptocurrency space. With the emergence of counterfeit tokens, investors and users must be cautious and ensure they are interacting with legitimate assets. The team's commitment to transparency and accurate information is a positive step towards fostering a more secure and informed cryptocurrency ecosystem.