TechFlow reports, on October 12, in response to ZachXBT's earlier criticism questioning Neiro's decision to select the controversial market maker Gotbit, S, co-lead and CTO of Neiro, issued a response. S admitted that the decision involved a judgment error and stated willingness to take full responsibility. S explained that the choice of Gotbit was primarily based on the following factors:
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When Justin Sun announced Neiro’s listing on HTX, the project had only a few hours to find a market maker. Gotbit was the only option with which they had direct contact at that time.
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As a community-donated project, Neiro had limited budget. Gotbit's retention agreement was the most cost-effective solution available at the time.
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The original cooperation agreement with Gotbit was scheduled for three months. The Neiro team viewed it as a temporary measure to quickly address the HTX listing, with plans to explore other options in the future.
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Although S had heard negative reviews about Gotbit, due to lack of direct experience, it was difficult to make an accurate assessment. Meanwhile, Gotbit promoted itself as a "meme coin-friendly" market maker, which influenced the decision to some extent.
S candidly stated: "I deeply regret this outcome and have paid a significant price for it. This experience has also provided us with important lessons, prompting us to fundamentally improve the project by partnering with higher-quality market makers, reducing counterparty risk, and enhancing the trading quality of Neiro."
ZachXBT subsequently pointed out that as early as August 6, 2023, S had indicated awareness of Gotbit's controversial reputation within Neiro's Telegram group. On August 7, a token holder specifically warned against working with Gotbit, to which S responded at the time that they had only invited Gotbit to participate in community discussions. These details suggest that the Neiro team was already aware of Gotbit’s negative reputation prior to selecting them as a partner, yet still proceeded with the collaboration.
