Irene Zhao denies the scam and promotes her new project Asian Mom

BlockBeats news, on July 27, Irene Zhao posted on social media to clarify the recent large number of negative accusations against her, and explained the situation of multiple projects she had participated in before. The main contents include:

· IreneDAO: Free Mint; did not retain or sell any NFT for herself; made a charitable donation of $100,000; did not participate in management later.

· SO-COL: The founding vision is to create "TikTok or OnlyFans of Web3"; received support from several well-known venture capital companies; difficult to support in the crypto bear market; airdrops and token unlocking caused a sharp increase in selling pressure, affecting the price performance of the influence currency; accepted DWF investment without notifying existing investors, and then the situation got out of control and terminated the transaction; the final price drop was the combined effect of multiple factors.

· Konomi: served as CMO due to the explosion of Web2, but was not involved in the development, strategy or execution of the project or token in any way; left in early 2022.

In addition, Irene Zhao promoted her new project ASIANMOM positively, saying that ASIANMOM is a project built on lessons learned from past experience.