PANews reports on June 11 that Virtuals Protocol tweeted that a recently launched project on the platform highly imitates the original release of I.R.I.S., causing some users to mistakenly direct Points and $VIRTUAL towards the copycat project. As a decentralized platform, Virtuals will not censor or remove projects unless they violate basic terms. However, considering user confusion, the platform will provide a one-time full Points refund to related wallets, while $VIRTUAL will not be refunded due to the difficulty in determining trading intent. The official reminds users to always DYOR and ensure verifying project information before participating.
As reported yesterday, Virtuals launched a smart contract audit agency "IRIS", with 50% of the token supply allocated to the Ethereum community.
