Official Statement on the Pandora Liquidity issue
We’d like to shed some light on the recent Pandora World TGE and liquidity issues. Breaking down the Pandora World situation the Pandora World team made a huge mistake by sending out tokens to it’s investors before adding liquidity to PancakeSwap, this caused a third party user to claim the liquidity pool and add little liquidity meaning the Pandora World team were unable to set the price or own the liquidity pool.
We want to reassure you that the Pandora World team followed our due diligence process which includes completing our KYC procedure with our third party partner BlockPass.
We recognise this is an unfortunate turn of events, we’ve already tried to contact the Pandora World team to work out a resolution as soon as possible. The Pandora team has issued a statement to this effect.
We’d like to remind our community that the deals we bring to SafeLaunch, even though we do our own due diligence are based on trust and you need to ensure you complete your own due diligence before entering into any deal.
Furthermore some of our community has been asking for a refund, we understand that the situation is frustrating however as this is a ‘Private Round’ deal and not an IDO this is impossible as we sent the funds to the Pandoras World team in December.
In light of this situation and a recent vote held on the SafeLaunch platform our team has listened to our community and we will be focussing more on IDO sales over private sales.
We appreciate your time,
Imran — CEO