The project from the space of decentralized finance AntiMatter today unexpectedly announced a change in the order of distribution of tokens and providing access to liquidity to strategic investors.
"Dear community, following the results of discussions within the project, it was decided to bring the unblocking of the assets of all strategic investors closer. We believe that this will be a positive event for the protocol in the medium and long term, as it will help to identify long-term supporters. Thank you for your understanding and support, " the team writes.
AntiMatter announced the closure of the initial funding round in February, having received $150,000 from the well-known crypto fund NGC Ventures, as well as from Spark Digital Capital and Monday Capital. At the end of the same month, AntiMatter conducted a public offering of tokens using the Bounce, WeStarter and Polkastarter platforms, raising the planned amount of $50,000. During the private sale, the project intended to raise another $ 550,000, but did not report the results of this part. In April, the Huobi exchange invested in AntiMatter.
According to the initial conditions, only the participants of the public campaign, who accounted for only 1% of the total issue volume, could receive their tokens immediately. Tokens for the initial and closed rounds, whose share in the total volume was 8.15% and 15.85%, respectively, were to be distributed gradually throughout the year.
Against the background of today's announcement, the price of MATTER, traded mainly on the decentralized exchange Uniswap, as well as on Gate.io, fell by 50% to $0.20. At the same time, even the participants of the public campaign at current prices still remain in the black, which cannot be said about those who bought the token on the open market in mid – April-the decrease was more than 96% relative to the absolute maximum of about $6 recorded at that time.
Jack Liu, founder of AntiMatter, Bounce and ChainSwap, commented on the situation: "In the short term, this will have a negative impact on the project, but we believe that in the medium and long term, this action will accelerate negotiations with several centralized exchanges and their partners. The AntiMatter remains. We continue to create."