I chose to build an L1 for several reasons. One major factor is the desire for fair currency distribution. Additionally, I wanted to ensure instant finality to prevent block reverts during trades.

What in EVM smart contracts prevent any of this?

They chose to use an L1 for several reasons. The major factor is creating their own blockchain allows them to redistribute wealth to their own wallets. Additionally, they wanted to ensure instant finality so that no one can revert the fraud.

Nothing has been mined. There is no currency listing yet, not even a testnet. Funding has been rejected as well. Hope that answers your concerns.