Key Takeaways:
CyberConnect dispels rumors surrounding CYBER token manipulation and market control.
The firm acknowledges a “slip-up” in its inaugural proposal at Cyber DAO, contributing to market uncertainty.
New safeguards and a revised proposal for a multi-network bridge involving Ethereum, Optimism, and BNB Chain are forthcoming.
In a statement released on September 3, 2023, CyberConnect, a decentralized social protocol, addressed concerns about its CYBER token. Acknowledging an error in its initial proposal at Cyber DAO, the company aims to quell rumors and market instability. The statement, dated September 2, 2023, delineates plans for new safeguards and an updated proposal to ensure equitable CYBER access across multiple blockchain networks. As previously reported by Blockchain.News, CyberConnect withdrew Proposal CP-1 following a 40% crash in the value of the CYBER token. The primary aim of the now-retracted proposal CP-1…
