Morningstar Ventures: Not the lead investor in Space, the project has committed to refund at least 50% of the public funds

Morningstar Ventures published a statement on X regarding its investment in the prediction market project Space, indicating that the Space team must prioritize the interests of the community and public sale participants. In a recent X Space, the team publicly committed to opening refunds through a claim page on January 27, stating that at least 50% of the raised funds would be refunded, and all public sale participants could choose to apply for a partial refund. Morningstar Ventures demands that this process be executed transparently and without delay, and requires the team to disclose information on fund usage, current balances, and future roadmaps.

Morningstar Ventures reiterates that it is not the lead investor in Space and has not participated in the architecture, decision-making, or modifications of the public sale, but rather acts as a minor investor engaging in high-level communication based on publicly available information. Currently, Morningstar Ventures is in discussions with the Space team and other investors, urging the team to refund as much as possible based on available funds and public commitments. Additionally, the Space team has committed to releasing the first public version of the product for community and investor review next week.