[StandX Founder: Forcibly Issuing Tokens Goes Against Our Values, Personal Contribution Will Be Made During Airdrop] Odaily Planet Daily reports that StandX Co-founder and CEO Aaron Gong posted on X, stating: 'Regarding the decision not to conduct a TGE this time, I want to share a few honest words with everyone. Without external capital support, our TVL once reached as high as $200 million. The team has achieved commendable results, but we still have not met our expectation of entering the top three in the industry. Based on the current fundamentals of the project, we could indeed proceed with token issuance. However, if we cannot deliver long-term value and instead profit through token issuance and short-term speculation, it would leave the cost to users and the community. This would be irresponsible both externally and internally, and it goes against my values. Most of the past revenue has already been subsidized to users through SIP-2 / SIP-3. For this airdrop, apart from the surplus in the project’s account, I will also personally contribute funds to give back as much as possible to the community that has supported us along the way. All user funds are safe. We will ensure an orderly shutdown and clearly announce the specific arrangements for fund withdrawals, airdrops, and the cessation of various services. Thank you to every user and team member. I deeply regret not reaching the position we aimed for. We will do our best to handle the final matters properly.'