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 2

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.

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

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.

Recent Posts

The $100 Bet: Qubetics at $0.0212 Could Hit $70K, Amid Binance’s Market Impact and Cardano’s Resilience!

Amidst the heavyweights like Binance (BNB) and resilient competitors like Cardano (ADA), Qubetics ($TICS) is…

2 hours ago

Federal Reserve Bitcoin Proposal as Lummis Suggests Selling Gold

Senator Lummis’s Federal Reserve Bitcoin Proposal urges the Fed to sell some gold reserves and…

3 hours ago

Pennsylvania Proposes a Bitcoin Reserve to Recognize BTC’s Value

Pennsylvania proposes a Bitcoin Reserve, aiming to hold BTC as a state reserve asset to…

3 hours ago

For Those Who Missed Avalanche: Qubetics Best Crypto Presale at $0.0212 Offers a Second Chance to Profit Big

Let’s dive into why Qubetics might just be the investment to settle those Avalanche regrets.

4 hours ago

BlockDAG’s $30 by 2030 Price Predictions Are Sparking Excitement Among the Community—Will Toncoin & SUI Keep Up?

Discover how Toncoin's valuation, SUI's latest Google Cloud partnership, and BlockDAG's soaring presale frame the…

4 hours ago

This website uses cookies.