As we warned. $Xirtam ended off being a scam.

02 May 2023, 16:24
As we warned. $Xirtam ended off being a scam.

Same news in other sources

1
Alien
AlienALIEN #7767
Telegram
03 May 2023, 15:25
Hello AlienFi community, I want to give a statement regarding the current situation, we had a rough road here on Arbitrum with many some that went very well and many that did not. We will start with the pro’s: Alien went 14x on launch (also part of why we were hurting as everyone who took part in the launch and presale was up a lot of money so it was only down from there) Large amounts of funds were in circulation even though it was overflowed. Fully functional development, smooth DEX, farms / pools, We integrated a lottery which was hardly used at all. We listed on 2 CEX’s MEXC being one of them. We partnered with about 15 platforms, we delivered every single development we promised and much quicker than your average team anything that was said would get done got done fast. We even have some more developments ready that are just not released as it doesn’t make sense to push for the integrations currently. Some big cons: First big mistake was raising such a small amount for a DEX. A DEX raise should be between 500-1000 ETH we only raised 250 ETH to try and keep it fair and give the community a chance to really benefit from the launch but, it really hurt sustainability of the liquidity. We missed the ARB airdrop cutoff which could of given the platform a full support recovery. We also didn’t receive any support from Arbitrum itself after being promised it initially. There was fud from the international communities non stop 24/7 from launch until now. The small number of those who didn’t win off ALIEN were louder than the large number that did win. This began to frustrate the admins as well who have been sitting around for weeks hearing this talk and being fair and available 24/7. There was hardly any LP stakers which could be because we didn’t educate the community enough about what a DEX is? We had a horrible first IAO which we believed would go good because of the team that was involved there - this hurt us badly. We then had 3 canceled IAO’s following this which was not only a waste of time but of resources. (all not in our control) Xirtam was the biggest hit to us by far as it hit the nail on the head, not only did we warn the community of their scam acts we got blamed and ridiculed instead of supporting a team like ourselves who always delivered fairly, people dumped more and laughed at us. Finally, the biggest mistake which by far hurt us most came from our part, from the dev team. We made a grave mistake upon launch. Arbitrum blocks are different than ETH / BNB etc and since it was the first Arbitrum project we took part of it threw us off when it came to the presale claim / ALIEN mint time. We made a grave mistake when it came to adding LP - this causes a project to hurt badly and is considered an amateur mistake which we have never and probably will never do again it is an overlooked mistake that could of been easily solved if double-checked. We added 151k Alien paired with 90 ETH into LP instead of adding 540k alien paired with 90 ETH in LP (we did the same on the USDC side) This means we gave presalers an instant 3.5x upon launch. This also means that when the token dumped it left far less ETH in the liquidity pool as the users had it in their hands. The AlienFi team was trusted with returning millions of dollars in funds back to users and always were transparent and fair. The price of Alien is not able to be controlled by a team it’s governed by the community. At this point in time everyone is fighting over an LP pool that has 24 ETH. A DEX with 24 ETH obviously can’t survive. We will not try to push ALIEN with our time and energy over a 24 ETH LP pool.
Hello AlienFi community,.
Hello AlienFi community, I want to give a statement regarding the current situation, we had a rough road here on Arbitrum with many some that went very well and many that did not. We will start with the pro’s: Alien went 14x on launch (also part of why we were hurting as everyone who took part in the launch and presale was up a lot of money so it was only down from there) Large amounts of funds were in circulation even though it was overflowed. Fully functional development, smooth DEX, farms / pools, We integrated a lottery which was hardly used at all. We listed on 2 CEX’s MEXC being one of them. We partnered with about 15 platforms, we delivered every single development we promised and much quicker than your average team anything that was said would get done got done fast. We even have some more developments ready that are just not released as it doesn’t make sense to push for the integrations currently. Some big cons: First big mistake was raising such a small amount for a DEX. A DEX raise should be between 500-1000 ETH we only raised 250 ETH to try and keep it fair and give the community a chance to really benefit from the launch but, it really hurt sustainability of the liquidity. We missed the ARB airdrop cutoff which could of given the platform a full support recovery. We also didn’t receive any support from Arbitrum itself after being promised it initially. There was fud from the international communities non stop 24/7 from launch until now. The small number of those who didn’t win off ALIEN were louder than the large number that did win. This began to frustrate the admins as well who have been sitting around for weeks hearing this talk and being fair and available 24/7. There was hardly any LP stakers which could be because we didn’t educate the community enough about what a DEX is? We had a horrible first IAO which we believed would go good because of the team that was involved there - this hurt us badly. We then had 3 canceled IAO’s following this which was not only a waste of time but of resources. (all not in our control) Xirtam was the biggest hit to us by far as it hit the nail on the head, not only did we warn the community of their scam acts we got blamed and ridiculed instead of supporting a team like ourselves who always delivered fairly, people dumped more and laughed at us. Finally, the biggest mistake which by far hurt us most came from our part, from the dev team. We made a grave mistake upon launch. Arbitrum blocks are different than ETH / BNB etc and since it was the first Arbitrum project we took part of it threw us off when it came to the presale claim / ALIEN mint time. We made a grave mistake when it came to adding LP - this causes a project to hurt badly and is considered an amateur mistake which we have never and probably will never do again it is an overlooked mistake that could of been easily solved if double-checked. We added 151k Alien paired with 90 ETH into LP instead of adding 540k alien paired with 90 ETH in LP (we did the same on the USDC side) This means we gave presalers an instant 3.5x upon launch. This also means that when the token dumped it left far less ETH in the liquidity pool as the users had it in their hands. The AlienFi team was trusted with returning millions of dollars in funds back to users and always were transparent and fair. The price of Alien is not able to be controlled by a team it’s governed by the community. At this point in time everyone is fighting over an LP pool that has 24 ETH. A DEX with 24 ETH obviously can’t survive. We will not try to push ALIEN with our time and energy over a 24 ETH LP pool.