SatoshiVM used Ape Terminal’s platform to launch its token, SAVM, via an Initial DEX Offering last week, which led to a myriad of scam accusations.
The newly launched SatoshiVM (SAVM) token plunged as much as 38% amid a war of words between one of its advisers and fundraising platform Ape Terminal over a seemingly controversial token launch last week.
The heated argument stems from a launchpad event for SatoshiVM’s new token SAVM, which began trading on Jan. 19. Ape Terminal is a decentralized exchange (DEX) fundraising platform or “launchpad” for cryptocurrency projects looking to release a new token via an Initial DEX Offering.
SatoshiVM is a contributor-based Bitcoin layer 2 solution powered by zero-knowledge rollup technology.
