Stop Bastian Aigner? Investors Demand Transparency from Bastian Aigner and the Bidao Crypto Defi Project
The Issue
Introduction
This statement is written by concerned investors and community members who have supported the Bidao project over the past several years. The purpose of this message is to ask for transparency, accountability, and clear communication from CEO Bastian Aigner and the Bidao team regarding the project, its progress, and the funds that were raised.
Many investors joined the project in good faith based on the roadmap, announcements, and expectations that were communicated publicly over time. After several years, many investors still have serious questions for Bastian Aigner about the progress, direction, and financial transparency of the project.
Communication and Delivery Concerns
Over the years, multiple announcements were made regarding upcoming releases, testnets, partnerships, and mainnet launches. Several timelines were communicated suggesting that the product was nearly complete or close to launch. However, many of these deadlines were missed or postponed, often followed by long periods of limited communication.
Many investors feel that communication from Bastian Aigner and the project became much more limited over time, especially after fundraising periods. Investors and community members believe they deserve consistent and transparent communication about the status of the project.
A pattern that many community members describe is the following:
- Announcements and strong communication
- Promises of upcoming milestones or launches
- Increased community excitement
- Deadlines not being met
- Periods of silence
- New promises and new timelines
According to many investors, this pattern has repeated multiple times over several years and has caused frustration and loss of trust.
Shift in Project Direction
Another concern is the apparent shift from the original Bidao product to what was later presented as a Layer 1 blockchain and ERC token. Many early investors believed they were investing in the original Bidao product and roadmap. The change in direction was not clearly understood by all investors and created confusion about what exactly was being built and delivered.
Investors would like Bastian Aigner and the team to clarify:
- What happened to the original Bidao roadmap
- Why the focus shifted to a Layer 1 chain
- What the current status is of the original Bidao product
- How the new developments relate to the original project
Clear answers to these questions would help restore confidence.
Funds Raised – Transparency Questions
One of the biggest concerns among investors is the funding that was raised during the ICO and related fundraising rounds.
Approximately $17 million was reportedly raised from investors. After several years, investors still have very limited public insight into how these funds were allocated, spent, or invested into development, operations, salaries, partnerships, or infrastructure.
Investors are therefore asking Bastian Aigner and the Bidao project for transparency regarding:
- How the raised funds were spent
- Development costs over the years
- Team and operational costs
- Partnerships and external expenses
- The current financial position of the project
- Remaining runway and future funding plans
Given the size of the funds raised and the limited visible results after several years, the lack of financial transparency is one of the main concerns among investors.
Team and Transparency
Over time, several team members appeared to leave the project without clear public explanations. This raised concerns within the community about the internal situation of the project and its leadership structure.
There were also discussions within the community regarding the identity and background of certain team members, which created additional questions about transparency and representation of the team.
Investors believe that Bastian Aigner, as CEO and public face of the project, is the person who should provide clarity on these matters.
Community and Communication
Some community members have expressed concerns about moderation in Telegram and other communication channels, where critical questions were sometimes removed or users were banned after asking difficult questions. This has contributed to the feeling that open discussion and criticism were not always welcomed.
Investors believe that open communication and transparency are essential for any long-term project and that critical questions should be addressed rather than avoided.
Conclusion
After several years of missed deadlines, changing roadmaps, limited communication, team changes, and lack of financial transparency, many investors are still waiting for clear answers and tangible results.
This statement is a call to Bastian Aigner and the Bidao team for:
- Transparency
- Accountability
- Clear communication
- Financial reporting
- A realistic roadmap
- Honest updates about the current state of the project
Investors supported this project with time, trust, and money, and they deserve clear and honest communication about what has happened over the past years and what the future plans are.
This statement is not intended as a personal attack, but as a call for transparency and responsibility towards the people who supported the project from the beginning.
Disclaimer:
This statement reflects personal opinions, concerns, and publicly available information gathered by investors and community members. The purpose is to request transparency and information from Bastian Aigner and the Bidao project. If any information is incorrect, we invite Bastian Aigner or the Bidao team to respond, clarify, or provide corrections and transparency.