Flits Fund - Bridging the gap between responsibility and crypto

As we continue to navigate and evolve as leaders in the ‘wild wild’ crypto space - where potentially unscrupulous projects abound, the very nature of our offering and our own moral compass depicts our way forward.

As has recently become evident, there are some who show little/no regard to their investors best interests. Whilst they run away from their responsibilities, their engagement in despicable tactics seems for them acceptable. Well.. not for us!

We know that nothing constructive is ever achieved by such an undertaking. Besides the associated moral implications, energy is consumed in a rather wasteful manner. We at Flits HQ, would rather spend such time looking far beyond. As our most loyal community already knows, we are on a mission of advancement and exploration. A ‘voyage of discovery’, which will see us ahead of our competitors by leaps and bounds.

So we will endeavour to tighten our reigns in terms of who we allow to list on our prestigious platform. We will also do our utmost to ensure that those projects wishing to remain, meet certain basic standards as well. Throughout all of this, we do of course plead with each and everyone to practice their own due diligence – for we cannot be held accountable for all those wolves in sheeps clothing.

That all being said.. it with the immense excitement that we reveal to you all, news regarding the development of a “Flits Fund”. This fund is currently being devised to counter some of the more tragic outcomes potentially faced going forward. A recent case in point, being what has transpired with Sinovate and their apparent lack of caring towards their investors making use of our platform. Per our recent announcements, these users have been pulled into a horrid tug of war, which is simply not morally acceptable.

Although perhaps not quite plausible that all those affected will recoup all losses incurred, it is our hope that this fund will at least help ease some of the trauma inflicted upon them – by no choice of their own. Although we had originally hoped that Sinovate would come to the table in a more ‘professional’ and constructive manner, this clearly does not appear to be the case.. for we ourselves have been ‘burnt’ by their callous disregard for liability to their investors affected.

The above mentioned fund will launch on 1st December 2020. SIN investors recently affected will be it’s first potential use-case. More specifics will follow in due course. To avoid our own exploitation, we wish to be very clear that strict terms of use will accompany it. Flits truly does care for all its users, something which by now should most certainly be crystal clear to all and sundry.