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Home News Aster CEO: YZi Labs is the sole private investor, holding only a small portion of the tokens and having no reason to sell.

Aster CEO: YZi Labs is the sole private investor, holding only a small portion of the tokens and having no reason to sell.

BlockBeats News, September 29th, Aster CEO Leonard stated in an interview with Social Protocol Trends founder Mable (@Mable_Jiang):

“YZi Labs is indeed Aster’s only private investor, with a relatively low shareholding, but they have provided us with a lot of support. I cannot disclose the specific details of the investment agreement, but I can say that they do not have any intention to cash out. They are not in need of money, nor are they in a hurry to sell. From TGE to now, our performance in the BNB ecosystem has already proved the project’s value. Even without a vesting schedule, YZi Labs has no incentive to dump the price. Additionally, the tokens they can obtain come from only a small portion of the 5% team allocation because they invested in equity, not the tokens themselves.”

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