🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Aleo community publishes an open letter regarding the lawsuit filed by a16z against the original team of Aleo, is it true?
BlockBeats news, on November 7th, the Aleo Chinese community sent an open letter to a16z regarding the "lawsuit filed by a16z against the Aleo original team in US court", questioning whether the matter is true or not. The letter raised the following questions: 1. The Aleo community is curious about a16z's decision to invest in Aleo and whether a16z can share the vision and key reasons for supporting Aleo; 2. The change in the Aleo Network leadership, with Howard Wu being replaced by Alex Purden with a16z background, has raised questions in the community as to whether the change is consistent with Aleo Network's long-term goals and strategies; 3. The rumor about "a16z and other venture capital firms filing legal lawsuits against the Aleo original team in US court" is spreading, causing deep concerns in the community as to whether the rumor is true or false. Note: In April 2021, Aleo received a $28 million financing round led by a16z; in February 2022, Aleo completed a $200 million Series B financing round led by SoftBank and Kora Management. However, after the mainnet was launched on September 18, 2024, Aleo failed to gain recognition from the community and was instead flooded with a lot of doubts on social media, especially criticisms from miners. Many users on social media expressed that this is another failed case of a "king" falling from grace.