The $BOOST Update

As all of you in our community will know, on Wednesday November 5, $BOOST’s price fell by nearly 50% in a day. Since then we’ve seen over a 90% fall in value.
While we’ve been dismayed to fuel speculation with silence, the team has done so in an attempt to facilitate optimal negotiations with the source of this decline: the firm we had understood to have engaged to be our market maker, Unicorn Verse.
Since November 5, we’ve been in negotiations with Unicorn Verse over what it says are the actions of a rogue employee who allegedly agreed to be the market maker for $BOOST without Unicorn Verse’s consent, and has since been dumping tokens.
Unicorn Verse also alleges the involvement of two other market making firms, U Legend and HSBG, whom they have claimed the employee operating through Unicorn Verse’s official communication channels – their former Head of Marketing – was working through.
The arrangement made through this contact saw over $3.3 million of liquidity injected into $BOOST, with market making terms agreed to support the price throughout TGE and beyond.
However, while this initial liquidity was injected, on November 5, the wallets associated with our primary contact at Unicorn Verse began selling tokens heavily. Unicorn Verse’s representative informed us that their strategy was not achieving “desired results” and so they had unilaterally decided to liquidate tokens to recoup some of the funds they had invested. This was without any dialogue on alternative options, such as private investors.
To date, this party has caused millions of dollars in damage by irresponsibly dumping their tokens and continues to liquidate tokens that were provided as a security deposit for their investment, with 8.6% of token supply remaining in their control.
We have been in lengthy discussions with Unicorn Verse alongside our appointed legal counsel, who will be pursuing the case through relevant legal and regulatory channels in Singapore, where Unicorn Verse operates.
We understand the frustration that our silence has caused our community, for which we can only deeply apologize. We also understand the reasons for speculation of wrongdoing from our team, though none have had any access to tokens as part of vesting agreements. Our top priority has and continues to be returning value to our early supporters – a task we are pursuing aggressively.
The BOOST Team