(The following statement was drafted with the assistance of legal counsel)
On February 16, 2025, the Office of the President of the Argentine Republic issued a statement (the “Statement”) concerning the “Viva La Libertad” project (the “Project”).
This statement contains several material factual errors, which we would like to correct to ensure that the facts are correctly reflected in the public record.
Factual error 1:
Original Spanish content:
Oficina del President informaque el pasado 19 de Octubre el Presidente Javier Milei mantuvo un encuentro con los representations de KIP Protocol en Argentina en El Que se le comentó la intención de la empresa de desarrollar un proyecto llamado “Viva la Libertad” para financiar emprendimientos privados en la República Argentina utilizando tecnología blockchain.
It’s a great experience, it’s all about Audiencias Públicas, it’s Presidente de la Nación; it’s KIP Protocol, it’s Mauricio Novellli and Julian Peh; it’s Presidencial, Manuel Adorni.
Chinese translation:
The Presidential Office reported that on October 19, 2024, Argentine President Javier Milei met with representatives of KIP Protocol in Argentina, where the company informed the president of its plans to develop a project called Viva la Libertad to use blockchain technology to provide financing for private enterprises in the Argentine Republic.
The meeting, which was officially recorded in the Register of Public Hearings, included the President of the country, representatives of the KIP Protocol company Mauricio Novellli and Julian Peh, and presidential spokesman Manuel Adorni.
Response:
KIP Protocol CEO, Mr. Julian Peh, did meet with President Milley in Argentina on October 19, 2024, but the meeting took place in an informal setting during the “Argentina Technology Forum” (“Tech Forum”) trade show.
KIP Protocol is an official sponsor of the “Argentine Technology Forum” (“Tech Forum”), and Mr. Pei was introduced to President Milley by Mr. Mauricio Novelli, the organizer of the Tech Forum. However, Mr. Novelli has never been a member of KIP Protocol, and Mr. Pei has never introduced Mr. Novelli to the President as a representative of KIP Protocol.
Mr. Pei spoke with President Millet for about 30 minutes through an interpreter, discussing artificial intelligence (AI), technological development, and KIP Protocols vision for more business and investment in Argentina. President Millet spoke about his vision for Argentina, economic philosophy, and his welcoming attitude towards foreign investment, especially investment from AI companies.
This was Mr. Pere’s first meeting with President Milley. During this meeting, no specific project, including the “Viva la Libertad” project or any plans for a token issuance, was ever discussed or mentioned.
KIP Protocol is not a company that helps organizations issue tokens. We are a technical AI solution company focused on AI infrastructure deployment. Our business core revolves around this, and proposing other types of projects does not fit our business positioning.
Factual error 2:
Original Spanish content:
Today, March 30, 2025, President Mantuvo and Reunion in Casa Rosada and Hayden Mark Davis, Quien, and acuerdo is a sign of KIP Protocol, provería la infrastructural tecnológica parasu proyecto. El Sr. Davis no tuvo and tiene ninguna vinculación Gobierno argentino and fue presentado por los representantes de KIP Protocol como uno de sus socios en el proyecto.
Chinese translation:
In this context, on January 30, 2025, the President met with Hayden Mark Davis at the Presidential Palace (Casa Rosada). According to KIP Protocol representatives, Mr. Davis will provide the technical infrastructure for his project. Mr. Davis has no connection with the Argentine government and was introduced by KIP Protocol representatives as one of the partners in the project.
Response:
KIP Protocol had no knowledge of, and had no involvement in, the meeting on January 30, 2025. No KIP Protocol representative attended the meeting.
The meeting on October 19, 2024, was Mr. Pei’s only opportunity to meet with President Milley. Since then, Mr. Pei and other KIP Protocol employees have not had any further contact with President Milley.
KIP Protocol has never had any business dealings with Hayden Mark Davis (Davis) before. Mr. Pei and any KIP Protocol employee have never stated that Davis is a partner of KIP Protocol, nor have they made any similar statements to Davis. Davis has never been an employee or representative of KIP Protocol.
Factual error three:
Original Spanish content:
Finally, in a day-to-day life, in public and private, the KIP protocol is the best, the most effective way to deal with the problems that arise in Argentina and in the future. No It’s a good time to be there, in the city of Desarrollo, in criptomoneda, in las repercussions, in lanzamiento del proyecto, in the future, in the city of mayor difusión, in public.
Chinese translation:
Finally, yesterday, the President published a tweet on his personal account announcing the launch of the KIP Protocol project, as he does on a daily basis to support the many entrepreneurs who want to start businesses in Argentina to create jobs and attract investments. The President was not involved in any of the development stages of the cryptocurrency, and after the launch of the project attracted widespread attention, he decided to delete the tweet to avoid any speculation and prevent further spread.
Response:
As mentioned above, Mr. Pei, as the sole representative of KIP Protocol, only met with President Milley once on October 19, 2024, and did not discuss or mention the project at that meeting. In addition, KIP Protocol did not participate in any meeting with President Milley on January 30, 2025.
Mr. Pei learned from Mr. Novelli on or about February 13, 2025 about the launch of the token project, which eventually became the “Viva la Libertad” project.
Mr. Pei was informed that Hayden/Kelsier Ventures was leading the project and was responsible for the token issuance, and KIP Protocol would only play a role in the project after the token issuance. In addition, KIP Protocol would only act under the direct instructions of Kelsier.
KIP Protocol did not initiate the project, nor did it manage or lead the token issuance process. It did not receive any tokens before or after the token issuance, nor did it profit from the token issuance.
KIP Protocol was not even informed by Kelsier when the $Libra token would be launched.
Therefore, it is wrong to describe the project as a “KIP Protocol project”.
source link: https://x.com/KIPprotocol/status/1891418043500405167
