***DISCLAIMER: This article’s intent is to clarify DueDEX’s position on the current situation and is by no means an attempt to ruin reputations or start another fight.
Dear valued users and followers,
As many of you might have noticed recently, DueDEX has been subjected to defamation on several platforms – Telegram group chats, Twitter, etc., which has understandably elicited uncertainty and doubt. We at DueDEX have been working hard to come to a resolution point. However, despite our best efforts, both parties were unable to come to a consensus, and the other party began to portray us in a bad light.
Bitlord, or better known as @Crypto_bitlord on Twitter was an employee with DueDEX but desired to leave DueDEX for the purpose of being a KOL full-time (we do agree, it is always better to be your own boss). However, he would only submit his resignation if we met his terms, and failing which, he proceeded to defame and essentially blackmail us.
To be fair to DueDEX, we have put together an account of events for transparency. We urge you not to take sides, but to be fully informed of the situation.
Disclaimer: Pardon the resolution on the attached images as they are a screenshot of the scanned original.
1) Bitlord was an employee of DueDEX from 30 November 2019. (As of today, he is no longer employed by DueDEX (see point 10) below).
2) His employment terms mentioned that his role was to build relationships with traders and onboard them.
3) As part of the core team, Bitlord would have been eligible for the following equity had he been performing satisfactorily in his role for at least a year. Unfortunately, his term of employment fell short.
The part that most of you have been waiting for...
4) Bitlord allegedly mentioned his account was frozen and that he could not execute trades on it. This was an account he had agreed to forfeit to the company upon employment. To be aware of the account being frozen proved that he had been attempting to trade on it, which is in breach of his Employee Agreement.
5) He had a non-competition and confidentiality clause, and was not allowed to support any of the company’s competitors in any sort of promotion. However, below are screenshots of his engagement with competitors. P.S. sorry, Huobi Global.
6) We attempted to settle things amicably, and proposed a proper written document to be signed by both parties. Bitlord refused to sign it.
7) He suggested that he could prevent other KOLs and affiliates from working with us as he felt that it would be of competition or threat to him.
8) Nonetheless, we believe that he still wishes the best for DueDEX based on the conversations had with him in the last week.
9) And lastly, we wish to inform all that from today, 9th April 2020, he is no longer part of the DueDEX team. Please find his termination letter attached below.
The crypto industry is small and we would like to make friends, not foes. The above serves not only as a reminder of what went down, but also a lesson for everyone to learn, that threats and defamation will not help us achieve the results we are looking for.
Nonetheless, we hope to put this episode behind us and take the next step into our upcoming series of product launches, new partnerships and working with more affiliates. We may not be the best platform out in the market but we are doing everything it takes to develop the product to be competitive, unique and reliable for all. Lastly, we wish Bitlord a.k.a. Crypto Bitlord all the best in his future endeavours.