Dear Pink Moon Studio community,
At the beginning of our IDO strategy for our new PIMS token, we had set a minimum fundraising goal that would allow us to build the product that we had envisioned for the project.
Despite raising $830K during our IDO phase, we unfortunately experienced no uptrend on the $PIMS value at TGE. While the value remained stable at the TGE price and did not experience a downward trend or sell pressure, a significant number of users and investors requested refunds through their respective launchpads.
Unfortunately, with the poor results of the TGE and the many requests for refunds, we have not met this internal soft target. Thus, after careful consideration, we have decided to issue a full refund to all investors that participated in the IDO. Those who bought directly from the DEX Pool will also be eligible for reimbursement.
This decision reflects our commitment to the transparency that has always characterized our way of doing things.
We're passionate about what we're creating/ building as such, the Pink Moon Studio team and leadership will now take 72 hours to decide the best course of action for the future.
We ask for your patience during this time as we navigate the best course of action possible.
Thank you for your continued support.
Checkout the official announcement on X : https://x.com/pinkmoon_studio/status/1869423009255354415
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2December 18, 2024 1K 5 9
