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The BAS team apologizes for the "1% Airdrop followed by a coin price fall of approximately 70%" and will adjust future airdrop strategies and initiate buybacks.
Foresight News reports that the BAS (BNB Attestation Service) team has issued an open letter to BAS holders, apologizing for the "1% Airdrop causing the coin price to fall by approximately 70%". The team stated that the fluctuation was due to their misjudgment regarding the selling pressure caused by the 1% Airdrop allocated to the Binance Booster. The original plan of BAS was to reward early supporters and expand the community through the Airdrop, but the high FDV combined with the large-scale Airdrop resulted in severe short-term market fluctuations. The BAS team has stated that they will adjust the original plan for subsequent large-scale Airdrops and redesign a more balanced Airdrop strategy to reduce selling pressure and ensure user interests. At the same time, the team will gradually initiate buyback actions to stabilize the market and reflect long-term confidence.