Nostr Founder Alleges NOSTR Token Fraud, Nostr Assets Team Issues Urgent Statement for Clarification

Nostr Protocol Founder’s First Public Statement: Nostr Assets Tokens are “100% a Scam”

Nostr Assets: We are a Custodial Solution, Not to be Misinterpreted as a Scam

$NOSTR is about to launch, with the website having undergone multiple shutdowns for maintenance.

Nostr Assets Protocol Controversy Reignites.

On the evening of December 3rd, Nostr Protocol founder Fiatjaf (@fiatjaf) made his first public statement on social media in Chinese, stating, “Nostr Assets Protocol is a fully custodial service conducted under the name of Nostr. It is an affinity scam. Nostr Assets Protocol has no relation to Nostr Protocol itself, but only borrowed the name.”

This public statement has once again brought Nostr Assets Protocol into the spotlight of the cryptocurrency community.

Nostr Protocol Founder’s First Statement: Nostr Assets Tokens are “100% a Scam”

According to BlockBeats’ observations, this is the first time Fiatjaf has spoken out about the events surrounding Nostr Assets Protocol.

In this public statement, Fiatjaf also cautioned people not to deposit any sats into the Nostr Assets Protocol platform.

In fact, Nostr Protocol originated in 2019. On November 20, 2019, Fiatjaf began developing Nostr Protocol with the aim of creating a simple, open, globally supported, decentralized, and censorship-resistant social protocol.

On that day, he wrote in his blog:

Related reading: “Nostr Founder Claims Lightning Network is a Scam, What Happened to the Lightning Network?”

The Nostr Assets Protocol project, according to its official introduction, is a “LightningFi on Nostr” that allows users to “send, receive, and trade Taproot Assets and BTC.” This project only opened its official Twitter account in April of this year.

At first glance, there does appear to be some degree of connection between the two, as explained in the official statement released by Nostr Assets Protocol early this morning.

Nostr Assets: We are a Custodial Solution, Not to be Misinterpreted as a Scam

In the clarification statement released by Nostr Assets Protocol early this morning, three key points were highlighted.

Firstly, Nostr Assets Protocol stated that its main goal in building the Nostr Assets ecosystem is to “enable builders to create business use cases on the Lightning Network and Nostr.” They also mentioned that Fiatjaf’s “scam” accusation lacks evidence, as Nostr Assets Protocol is a “custodial solution” and should not be misunderstood as a scam.

“Many L wallets (including Satoshi’s wallet) provide users with custodial wallets to leverage the Lightning Network, which is considered a scam. They are crucial for providing users with excellent UIUX.”

Secondly, Nostr Assets Protocol also pointed out that $NOSTR has no connection with the core developers of Nostr, and that Nostr Assets Protocol “utilizes Nostr, Taproot Assets, and Lightning in its construction, making it related to Nostr.”

Finally, Nostr Assets Protocol expressed its desire to establish a cooperative relationship with the Nostr team.

$NOSTR is About to Launch, with Previous Website Shutdowns for Maintenance

BlockBeats has observed that Nostr Assets Protocol’s Fair Mint, which has been announced from November to December, may have significant news within the next two weeks, and some crypto community KOLs have begun promoting tutorials.

It may also be the case that while $NOSTR is gradually gaining momentum in the community, the “scam” accusation made by the Nostr Protocol founder against Nostr Assets Protocol has attracted widespread attention.

However, prior to this, Nostr Assets Protocol had sparked community debates about its team background and project reliability due to multiple website shutdowns for maintenance.

On November 7th, on the day Taproot Assets issuance and Fair Mint were announced, Nostr Assets Protocol announced on its social media platform that the website was temporarily closed for maintenance due to high load.

Then, from November 13th to 16th, Nostr Assets Protocol announced three website shutdowns for maintenance, sparking controversy within the community, suggesting issues with the Nostr Assets Protocol project.

Related reading: “Nostr Assets Resumes BTC Deposits, Controversy Arises from Multiple Website Shutdowns for Maintenance.”

BlockBeats will continue to closely monitor the dispute between the Nostr Protocol founder and Nostr Assets Protocol.

This article is authorized to be reproduced from Lüdong BlockBeats.

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