Smart Stake Ends Secret Network Support – Bits Media

Level 1 Blockchain Validator for Smart Stake Privacy Smart Contract Announces End of Support for Secret Network. The company will close the nodes 21 february.

The company cited the complexity and high costs of operating as a validator as reasons.. The reason could also be a recent scandal, related to the Secret Foundation Foundation. Previously founder Secret Labs Guy Ziscind (Guy Zyskind) talked about the financial transparency of the fund, which was created to support the Secret Network community.

According to Ziskind, Creator of the Foundation Thor Bair (Tor Bair) sold a large number of SCRT tokens at the end 2021 of the year. Ziskind also said, that in the IV quarter 2021 year in the fund received $4 million, which were not taken into account anywhere. In general, the founder of Secret Labs criticized the transparency of the Secret Foundation - Thor almost everywhere presented the Fund as a non -profit organization.

Subsequently, Bair said, that I sold tokens, in his property. According to him, Information can be verified in the tax return of the company for 2021 year. One way or another, Smart Stake did not convince it.

Recall, that Smart Stake supports such networks as Polygon, Cosmos и Crypto.com. Earlier, Injective Labs has announced the launch of the fund size $150 Milln to support developers, Using the Cosmos ecosystem.