Bastian Aigner, CEO of BidaoChain

Investors Request Transparency and Answers

Bastian Aigner CEO BidaochainBastian Aigner Old Petition Signatures | Bidaogate

The Issue

The big question is whether a major scam took place in which more than 17 million USD was raised.

Introduction

This statement is written by concerned investors and community members who have supported the Bidao project over the past several years.

Its purpose is simple: to request transparency, accountability, honest communication, and clear answers from CEO Bastian Aigner and the Bidao team regarding the progress of the project, its direction, and the use of the funds that were raised from investors.

Many investors supported Bidao in good faith based on public roadmaps, announcements, milestones, launch expectations and repeated statements suggesting progress was being made.

Years later, many investors are still waiting for answers. Questions remain unresolved. Transparency remains limited. Confidence has been damaged. Investors are no longer asking for promises. They are asking for facts.

Communication and Delivery Concerns

Over the years, multiple announcements were made regarding upcoming releases, testnets, partnerships and expected launches.Several public timelines suggested that development was near completion or that major milestones were close.However, many deadlines were missed, postponed or quietly disappeared, often followed by long periods of silence and limited communication.

Many investors believe communication from Bastian Aigner and the project became significantly more limited over time, particularly after fundraising periods.

A pattern repeatedly described by community members is:

    • Strong announcements and communication
    • Promises of upcoming milestones or launches
    • Increased investor optimism and excitement
    • Deadlines not being met
    • Long periods of silence
    • New timelines and new promises
    • According to many investors, this cycle repeated multiple times over several years.

This has caused growing frustration, loss of confidence and increasing demands for transparency.

Shift in Project Direction

Another major concern among investors is the apparent shift from the original Bidao product vision toward what later became a Layer 1 blockchain and ERC token model. Many early supporters believed they invested in the original roadmap and product concept. Over time, the direction appeared to change significantly.

Many investors still do not clearly understand:

  • What happened to the original Bidao roadmap
  • Why development shifted toward a Layer 1 chain
  • Whether the original product still exists
  • How current developments relate to the original vision presented to investor
  • Clear answers are necessary.

Without clarity, confidence cannot be restored.

Funds Raised – Transparency Questions

One of the largest concerns within the community remains the funds raised during the ICO and related fundraising activities. Approximately $17 million was reportedly raised.

Raised money Bastian Aigner for bidaochain project

After several years, investors still have very limited public visibility regarding:

    • How these funds were allocated
    • Development costs
    • Operational expenses
    • Team compensation and salaries
    • Partnerships and external spending
    • Infrastructure expenses
    • Remaining runway and future funding plans

Given the size of the fundraising and the limited publicly visible results after many years, investors believe financial transparency is no longer optional. Investors are asking Bastian Aigner and the Bidao team to provide clear financial reporting and transparency regarding the use of investor funds.

Team and Transparency

Over time, several team members appeared to leave the project without detailed public explanations. This created additional concerns regarding project continuity, internal operations and leadership. Community discussions also raised questions regarding transparency around team representation and project structure.

Investors believe Bastian Aigner, as CEO and public representative of the project, should address these concerns directly. Transparency creates trust. Silence creates speculation.

Community and Communication

Many community members have also expressed concerns regarding moderation practices in Telegram and other communication channels.

According to some investors, difficult questions were sometimes removed or users were banned after raising critical concerns. This contributed to the perception that criticism and open discussion were not always welcomed. Investors believe criticism should not be ignored. Questions should not be avoided. Transparency requires open dialogue.

Why Investors Are Speaking Out

Investors supported this project with:

  • Time
  • Trust
  • Money
  • Community support
  • Patience over many years

Many people continued supporting the project despite delays because they believed transparency and delivery would eventually come. Years later, many investors feel they still do not have clear answers.

The community is therefore asking for:

  • Transparency
  • Accountability
  • Honest communication
  • Financial reporting
  • Realistic timelines
  • Clear project updates
  • Answers regarding the current state of Bidao

Investor Petition

Investors and community members who support transparency can sign the petition here: https://www.change.org/p/hello-bastian-aigner-bidaochain-investors-request-transparency-and-answers

Conclusion

Enough uncertainty. Investors are no longer asking for new promises. They are asking for transparency, accountability and facts.

After years of missed timelines, changing roadmaps, limited communication and unresolved questions, many investors believe it is time for clear answers. The community is calling on Bastian Aigner and the Bidao team to provide:

    • Honest updates
    • Financial transparency
    • A realistic roadmap
    • Clear communication regarding the future of the project

Investors supported Bidao from the beginning. They deserve answers.

Disclaimer

This statement reflects opinions, concerns and publicly available information shared by investors and community members.

Its purpose is to request transparency and clarification from Bastian Aigner and the Bidao project.

It is not intended as a personal attack or factual accusation.

If any information is inaccurate, investors invite Bastian Aigner or the Bidao team to respond publicly, provide clarification and offer transparency regarding the matters raised.

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