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🔥RaveDAO Responds to Allegations of Price Manipulation: Denies Leading the Price Trend, Will Select the Right Time to Sell Tokens in the Future
On April 19, RaveDAO responded to recent market questions about RAVE price fluctuations, denying that the team is involved in or leading the token price trend, saying the relevant rumors are untrue, and emphasizing that it will continue to push forward with project development. RaveDAO stated that the team is currently oriented toward long-term development, and plans to strengthen incentive alignment with the community through mechanism design, including exploring token lock-up models triggered by price or performance. However, the team also disclosed that in the future it will, at an appropriate time, sell part of the already-unlocked tokens based on TRS to cover operating expenses, global recruitment, marketing, and strategic mergers and acquisitions. In addition, RaveDAO said it will continue to allocate some of its proceeds to public welfare. It has already committed to donating 20% of the event profits and part of the future operating profits, …