First, quick background on SN16
Some months ago, SN16 was created by Eseck and Albert (owners of FirstTensor validator) and used to be called BitAds.
The project went through several iterations and evolved significantly over time.
Eventually, the BitAds team realized there were structural limitations in the design that made it impossible to deliver the concept safely at scale and that could allow miners to exploit the system.
Because of that, the project was ended and SN16 was sold to Casian, who has been running it since, and it has eventually turned into what you know as Bitkoop today.
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