KuCoin Will Launch a New Fund to Fight FUD, Says CEO

Summary:

• KuCoin CEO, Johnny Lyu, has announced that the speech volition motorboat an anti-FUD fund.
• The money volition absorption connected educating the planetary assemblage connected however to spot FUD.
• The absorption volition besides beryllium connected motivating manufacture leaders and influencers to supply trusted information.
• The anti-FUD money volition beryllium utilized to hint FUDers and instrumentality ineligible actions against them.

KuCoin volition soon motorboat a caller money to combat FUD (Fear, Uncertainty, and Doubt).

KuCoin CEO, Johnny Lyu, made the announcement of the motorboat of the anti-FUD money done Twitter. He besides explained that FUD ‘misleads investors and harms the manufacture representation and marketplace confidence.’

(1/5) FUD benefits nary 1 but the FUDers. It misleads investors and harms the industry’s representation and marketplace confidence.

To physique a crypto abstraction with little FUD, #KuCoin is going to motorboat an Anti-FUD Fund.

Currently, the money volition chiefly absorption on…

thread 👇 pic.twitter.com/dWA93nEmHz

— Johnny_KuCoin (@lyu_johnny) July 26, 2022

KuCoin’s Anti-FUD Fund Will Have 3 Objectives.

He explained that the anti-FUD money volition beryllium geared towards reducing the improvement successful the crypto space. It volition truthful person 3 objectives.

Firstly, the money volition assistance successful anti-FUD education, online and offline. Mr. Lyu explained that KuCoin volition leverage its planetary assemblage and utilize implicit 20 languages to execute this goal.

Secondly, the anti-FUD money volition motivate manufacture leaders and influencers to supply their audiences with reliable and trusted information.

Thirdly, the money volition concern the tracing of ‘FUDers who intentionally dispersed FUD and instrumentality ineligible actions against them if needed.’ He explained that specified individuals harm projects, users, and the industry. They request to beryllium held accountable for their actions.

Don’t FUD, BUIDL – KuCoin CEO.

Mr. Lyu added that gathering the crypto manufacture was a acold amended enactment than creating FUD. He said:

I americium definite that these initiatives tin hardly erase each the FUD successful our industry, but we person to instrumentality the archetypal step, and each measurement counts. Don’t FUD, BUIDL.

KuCoin Had Recently Debunked Another Rumor.

News of KuCoin launching an anti-FUD money came little than 3 days aft the speech had debunked a caller acceptable of rumors by crypto Twitter assemblage subordinate @otteroooo, who has since disappeared from the societal media platform.

According to @otteroooo, KuCoin had important fiscal vulnerability to Wrapped LUNA classical (wLUNC). However, done a lengthy Twitter conversation, Johnny Lyu provided grounds that KuCoin had nary specified vulnerability and was frankincense financially sound.

Furthermore, Terra assemblage member, @FatManTerra, pocked holes into @otteroooo sources of accusation by questioning whether helium had verified if the accusation was from a erstwhile KuCoin worker oregon a random Twitter user.

If the full thread is based connected random anonymous accounts making claims past I would conscionable disregard it. If it's not a verified worker past the info is useless. Also, Johnny, immoderate accidental you could DM me? I person a question if I may

— FatMan (@FatManTerra) July 23, 2022