VB

The original developers who launched AKITA are no longer part of the project. Previously, you read that they "rug-pulled" the AKITA holding community and also used a marketing gimmick to attract investors by saying that 50% of the total supply was sent to Vitalik Buterin's wallet, seen on the blockchain scanner as Vb.

While many crypto veterans could spot this gimmick a mile away and saw the "social experiment" aspect of AKITA as very interesting, many newcomers to the space often had the misconception that these tokens were burned. Because of the old "Akita Token" website still living on the web, when new investors are DYOR & DD, they often come with the same questions. In reality, Vitalik owned these tokens, they were not burned, and he had even received an additional 69,420 from unknown sources. Those who are familiar with 51% attacks understand how dangerous and foolish it was to put these tokens in Vb's wallet.

On May 12, 2021 at 17:47 UTC, Vitalik Buterin transferred all of his AKITA tokens to the multisig treasury of the Gitcoin DAO, an organization dedicated to developing public goods products. Once Gitcoin had posession of those tokens, they assumed ownership of those tokens.