BTC

$63505.117

0.06%

ETH

$3067.364

-0.71%

BNB

$593.483

1.13%

XRP

$0.541

-1.83%

DeFi

Half Of The Arco Protocol Community Wants Project To Refund Users

October 31, 2022 - Around 1 mins mins to read
Following a botched fundraise, Arco Protocol, a cross-chain decentralized finance (DeFi) network on the newly established Aptos blockchain, has gone offline.
Half Of The Arco Protocol Community Wants Project To Refund Users

The project claimed that it had received harsh criticism after its token sale was marred by problems, which resulted in the loss of crucial agreements with exchanges and other protocols.

Among these concerns, the project was accused of being a hoax, and the crew intended to flee with the cash, as stated on Twitter.

Arco Protocol has given its community the option of supporting it or shutting it down entirely. Arco posted a Twitter poll asking the community. At the time of writing, half of the over 10,000 votes (50%) favor a refund.

https://twitter.com/ArcoProtocol/status/1586452719514308610

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Aptos

Arco Protocol

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi

Half Of The Arco Protocol Community Wants Project To Refund Users

Following a botched fundraise, Arco Protocol, a cross-chain decentralized finance (DeFi) network on the newly established Aptos blockchain, has gone offline.
Half Of The Arco Protocol Community Wants Project To Refund Users

The project claimed that it had received harsh criticism after its token sale was marred by problems, which resulted in the loss of crucial agreements with exchanges and other protocols.

Among these concerns, the project was accused of being a hoax, and the crew intended to flee with the cash, as stated on Twitter.

Arco Protocol has given its community the option of supporting it or shutting it down entirely. Arco posted a Twitter poll asking the community. At the time of writing, half of the over 10,000 votes (50%) favor a refund.

https://twitter.com/ArcoProtocol/status/1586452719514308610

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Visited 57 times, 1 visit(s) today