Token Traverse

Here is my point-by-point answer: -All addresses holding more than ~6.67M tokens (presalers) bought their tokens on the market, either before or after the migration. The token is non-mintable, and we tweeted the full 10B total supply at launch. We have undeniable on-chain proof. Everything is pinned. -At launch, presalers were slightly in profit. We could have chosen to launch on Arena launchpad with low liquidity and creator fees to spend less. Instead, we chose what we believed was best for the community by spending 7,000 AVAX worth of $ARENA into liquidity and letting all trading fees auto-compound to strengthen $CAPY with every trade. Presalers entered at a ~750k FDV, and the first airdrops were received while the token was trading around 1.5~2M market cap on Snowforge (3 tx of 100 presalers allo). -This was not a last-minute change. I have been saying everywhere that we would not use the Arena launchpad for the good of the presale. I hired a developer to build a custom anti-snipe site because I liked the $BLUB launch, and I spent an entire week testing everything in advance to make sure the launch and migration went smoothly. My last tweets were very clear: we are not launching on Arena, turn notifications on. -The launch was a success mechanically. We delivered the game before the token, and our transparency is total. 100% of the supply is literally pinned. How can we be blamed for that? The only mathematical reason the price can go below presale is because presalers sell at a loss. More than half of the presalers sold within the first hour. We have fulfilled all our promises. We are proud of the game and we continue to build. Simply put, nobody is buying and everyone is selling, so the price goes down. It’s that simple. We don’t have much to blame ourselves for besides the timing of the launch in an extremely bearish market. But we are here for the long term anyway. Seeing the divine sword at $30 fascinates me. The entry is insane. Those who believe in $AVAX also believe in $CAPY. And personally, being called a scammer doesn’t affect me. I did my best. Building a play-to-earn game has been my dream since I arrived on Avalanche in 2021. I’m proud of what we delivered with an amazing team over 6 months, and I’m not going anywhere. I’m grateful to everyone still here despite a bearish day one chart.