Clarification on your post

Continuing the discussion from SocioChain Network - Line of Credit Borrowing Pool for Testnet & Mainnet Launch, Social Capital Lending Protocol Development, and WeownomyChat Super App Launch:

Dear TrueFi Community,

We are writing to address recent rumors and concerns surrounding our borrower request for the SocioChain Network Line of Credit Borrowing Pool. These rumors have unfortunately surfaced based on inaccurate information found in a Google search, and we want to assure the community that the claim of a purported scam is completely false .

At SocioChain, we are committed to transparency and accountability. We have implemented robust internal measures to safeguard our platform and ensure the responsible use of any funds entrusted to us. Our dedicated team is actively working to achieve key milestones and deliver on our vision for a more equitable and inclusive financial future.

We understand that some members of our community may not see immediate progress, which can lead to frustration and unfounded concerns. However, we encourage everyone to engage in open communication and ask any questions they may have. We are always happy to provide clarification and address any concerns directly.

We believe that the SocioChain Network has immense potential to revolutionize social capital and empower individuals. We are confident that this investment will not only generate significant returns for lenders but also contribute significantly to the growth and prosperity of the TrueFi ecosystem.

We appreciate your understanding and continued support. Please feel free to reach out to us directly if you have any questions.

Ssemakula Peter Luyima
The SocioChain Network Team

Not just rumours Ssemakula Peter Luyima

Direct from The Financial Sector Conduct Authority (FSCA)


In a statement, the FSCA said Weownomy (SocioChain, a social platform) was not authorised to render any financial advisory and/or intermediary services in terms of the Financial Advisory and Intermediary Services