THE ALIENFI XIRTAM IAO CANCELLATION: WHAT YOU NEED TO KNOW

04/26/2023 15:11 • Metaverse & Beyond • 67 views

On April 26th, Arbitrum Ecological DEX AlienFi posted on social media stating that its IAO activity for the Xirtam project, originally scheduled to start on April 26th, has been cancelled. According to the conversation screenshot and text explanation provided by AlienFi, Xirtam previously concealed the fact that Alien.Fi had completed a seed round sale for $0.0125, which is approximately 30% of the current IAO price.

Alien. Fi Announces Cancellation of Xirtam Project IAO Activities

Introduction

On April 26th, AlienFi, the popular Arbitrum ecological decentralized exchange, posted on social media that its Initial Auction Offering (IAO) activity for the Xirtam project, originally scheduled to start on April 26th, has been cancelled. This announcement has come as a shock to many, especially those who were eagerly waiting to participate in the sale. In this article, we’ll delve deeper into why the project was cancelled and what it means for investors.

What is Xirtam?

Before we dive into the cancellation of the IAO, let’s first understand what the Xirtam project is all about. Xirtam is a Metaverse project that combines the power of blockchain technology and virtual reality (VR) to create a new world. The platform is being built on top of the Arbitrum protocol, which is known for its scalability and high transaction speed. The Xirtam project is expected to revolutionize the VR industry by providing a new kind of immersive experience to users.

The IAO Cancellation

On April 26th, AlienFi announced that it was cancelling the IAO for the Xirtam project. According to the conversation screenshot and text explanation provided by AlienFi, Xirtam previously concealed the fact that Alien.Fi had completed a seed round sale for $0.0125, which is approximately 30% of the current IAO price. This news came as a surprise to many who were eagerly waiting to participate in the sale.

What It Means for Investors

As a result of the cancellation, investors who were looking forward to participating in the IAO will need to wait for further information from the Xirtam team. It’s unclear whether the project will still move forward or if the cancellation is permanent. Additionally, investors may be left feeling frustrated and disappointed, as they were unable to participate in the sale.

The Future of Xirtam

While the cancellation of the IAO may seem like a setback for the Xirtam project, it’s important to remember that this is not the end of the road. The team behind the project is still committed to bringing their vision of a Metaverse built on blockchain technology to life. However, there will likely be some changes in the coming weeks and months as they regroup and figure out their next steps.

Conclusion

The cancellation of the Xirtam IAO has left many investors disappointed and frustrated. However, it’s important to remember that this is not the end of the road for the project. The Xirtam team is still committed to bringing their vision of a blockchain-based Metaverse to life, and investors can continue to follow their progress as they regroup and figure out their next steps.

FAQs

1. What is Xirtam?
Xirtam is a Metaverse project that combines the power of blockchain technology and virtual reality to create a new world.
2. What is AlienFi?
AlienFi is a popular Arbitrum ecological decentralized exchange.
3. What happened to the Xirtam IAO?
The IAO was cancelled due to Xirtam concealing the fact that Alien.Fi had completed a seed round sale for $0.0125.
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