VIVUS $VIV KYC Verification has been terminated
VIVUS launched on 21 May. It did 2.5x from the presale price.
The team aimed to create opportunities for traders by buying-selling randomly with AI-based algorithm.
But after launch, although they run the algorithm in different ways, the algorithm did not achieve the desired success. The team tried to fix it but failed.
The algorithm failed to create trading opportunities for traders.
Since the VIVUS project was based on this protocol/algorithm, this failure would have made the continuation of the project pointless.
If the project had continued in this situation, the investors would have lost more.
After discussions with the VIVUS team members, we agreed that the remaining BNBs in the LP and the team will be refunded to the holders. Team members’ wallets are not refunded. The VIVUS team shared refund details and proofs in their Telegram group.
As long as the VIV token is traded, some investors won and some lost. Thus, we wanted to prevent investors from losing more. We also ensured that the LP was refunded before it melted any further.
As IDOPresales KYC service, we are always on the side of investors and try to protect them.
For details, you should join the VIVUS Telegram group.
What is KYC Service?
During the KYC process, the identities of the team members and their connection to the project were determined.
Team members provided important documents for these determinations.
What does it mean?
KYC mainly aims to protect investors against scam-rug pull.
If team members scam people:
- We will file a criminal complaint against them in the country they are in with the documents they provide to us.
- We will reveal their identities.
To investors: If you think a project that has passed our KYC process is a scam or rug pull, let us know. Please also explain why you think so. Our team will review your submissions and, if true, will reveal the identity of the project owners.
The fact that a project passes KYC service does not mean that we approve and recommend that project. The KYC service includes the identification of the project owner. Therefore, this service will assist the decision-making process of investors. Please DYOR.
VIVUS Token Project
VIVUS Token is the first DeFi’s instrument that uses a new AI-based algorithm to move the price up and down, creating sizeable profit opportunities every 60 minutes.
Please read White Paper for more info.