Kujira: A DAO will be established to manage the treasury and core protocols

Kujira team posted on the X platform, elaborating on the recent liquidity crisis and market panic. The team stated that they had previously decided to use some of the operating funds to promote the liquidity and activities of the ecosystem, which was considered reasonable at the time. However, a series of events that followed, including security vulnerabilities and social engineering attacks, led to market instability.Some "influencers" on social media mistakenly referred to this situation as "running away", which is not true but undoubtedly exacerbated the market's panic. The team reiterated that there are still 14 million KUJI coins in the foundation's treasury, and the claim that the entire treasury is at risk is inaccurate. To enhance transparency and accountability, Kujira will establish an Operational DAO (Kujira Operational DAO) responsible for managing the treasury and core protocol. The DAO's primary task is to safely reduce debt, plan to offer discounted KUJI to the community through Fuzion's bond products, and set various maturity and ownership plans to reduce the impact on long-term prices.