Orbiter Finance Denies Public Fund-Raising and Token Listing Rumors

On March 28th, the Layer 2 bridging project Orbiter Finance announced in a statement on Twitter that we would like to clarify that Orbiter Finance has not conducted any public fund-raising activities, nor has it announced any plans to sell or list tokens on any exchange. We know that there are various rumors and speculations about public financing and token listing in the market, but we want to make it clear that these have nothing to do with Orbiter Finance.

Orbiter Finance: No public fundraising activities have been conducted and no plans for listing have been announced

On March 28th, Orbiter Finance, a Layer 2 bridging project, released a statement on their official Twitter account regarding recent rumors and speculations about their public fund-raising activities and token listing plans. The company wants to clarify that they have not conducted any public fund-raising activities, nor have they announced any plans to sell or list tokens on any exchange.

The Alleged Public Fund-Raising and Token Listing Activities

Despite Orbiter Finance’s denial of any public fund-raising or token listing activities, various rumors and speculations have been circulating in the market. Some have claimed that the company has been conducting a public sale of ORBIT tokens, while others have suggested that the tokens will soon be listed on a major cryptocurrency exchange.

Orbiter Finance’s Statement

To address these speculations, Orbiter Finance issued a statement to clarify their position. In their statement, they emphasized that they have not conducted any public fund-raising activities and have not announced any plans to sell or list tokens on any exchange. The company emphasized that these rumors and speculations have nothing to do with Orbiter Finance and urged the public to remember that it is important to verify the source before taking any action.

What is Orbiter Finance?

Orbiter Finance is a Layer 2 bridging project that aims to provide fast, secure, and affordable cross-chain transactions. The project’s aim is to improve the user experience and provide seamless cross-chain asset transfers. Orbiter Finance is built on top of existing blockchain networks like Ethereum, Polkadot, and others to facilitate cross-chain communication and interoperability.

The Significance of Orbiter Finance’s Denial

Orbiter Finance’s denial of any public fund-raising and token listing plans is significant as it demonstrates the company’s commitment to transparency and good governance. It also highlights the importance of verifying the sources of information before making any decisions. The cryptocurrency market is filled with rumors, speculations, and misinformation, and it is important for investors to do their own research before making any investments.

Conclusion

In conclusion, Orbiter Finance has recently clarified that they have not conducted any public fund-raising activities nor have they announced any plans to sell or list tokens on any exchange. The company urges the public to be vigilant and verify the sources of information before taking any action. It is important to remember that the cryptocurrency market is rife with rumors, speculations, and misinformation, and investors should conduct their own thorough research before making any investment decisions.

FAQs

1. What is Orbiter Finance?
Orbiter Finance is a Layer 2 bridging project that aims to facilitate cross-chain communication and interoperability across blockchain networks.
2. What were the rumors and speculations regarding Orbiter Finance?
There were rumors and speculations that Orbiter Finance had conducted a public sale of ORBIT tokens and was planning to list the tokens on a major cryptocurrency exchange.
3. What was Orbiter Finance’s response to the rumors and speculations?
Orbiter Finance released a statement denying any public fund-raising or token listing activities and urged the public to verify the source of information before taking any action.