Bibox's statement about the claims made by the Staking (SKR) team

The first phase of Bibox Orbit was scheduled to officially open on April 22 and will feature four quality projects at once: The Force Protocol (FOR), Ludos (LUD), Staking (SKR) and x-block (IX).

At around 9am on April 22nd Bibox made a surprise announcement that Staking (SKR) was no longer on the list. The reason is that after the negotiation between the Bibox team and the project party Staking (SKR), the project party still failed to control a large amount of off-site quota. In order to avoid user risk, Bibox decided not to launch Staking (SKR) in the first phase of Bibox Orbit activity.

The Bibox announcement reads as follows:

BThe first activity of ibox Orbit suspended the Staking (SKR) project.

Dear users:

Given that the project party Staking (SKR) failed to control the large amount of off-site quota, after several rounds of negotiations between the Bibox Orbit team and the project party, the overflow of market quota was not effectively controlled. In order to protect the rights and interests of users in the community, Bibox has decided not to launch Staking (SKR) in the first phase of Bibox Orbit activity. Please kindly understand the inconvenience caused to you.

Thank you for your support for Bibox.

April 22, 2019

After the announcement, there was a lot of speculation and public opinion about why Bibox cancelled the Staking (SKR) project. Then, at around 4:30 p.m. on April 22, Bibox made another announcement:

Bibox's statement on Staking (SKR) team's untrue claims

1, Beijing time on April 22 morning 8:00, Bibox announcement, star plans first suspended on-line Staking (SKR), its main reason is that SKR program failed to control the otc lines out of the Bibox star team and project after several rounds of negotiations, market quota spillover phenomenon still did not get effective control, considering the user interests, Bibox decided on a plan of the first stars temporarily not on-line Staking (SKR).

2. After the announcement, the Staking (SKR) team spread false claims and tried to smear Bibox. As an exchange of high-quality digital assets, Bibox always makes every decision based on the principle of creating value for users and putting users' interests first. We deeply regret the false accusations made by SKR project partners, and reserve the right to pursue legal liabilities.

3. At present, the subscription of the first phase of Bibox star plan began at 10:00 am today, and by 12:00 on the same day, the number of subscribers worldwide has exceeded 30,000. The projects that users can subscribe to this time are: force agreement, LUDOS and x-block. Bibox announcement has announced the first phase of star plans to subscribe to the way, will close at 17:00 today, and will be announced at 20:00 tonight.

4. In order to focus more efforts on serving the star project, we will no longer respond to such false information. Thank you for your understanding and support.

Thank you for your support for Bibox.

April 22, 2019

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