Logan Paul Refund Plan for CryptoZoo NFT

Logan Paul Refund Plan for CryptoZoo NFT

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Chris
Chris

An editor at Coincrop


16 Jan 2023 | 3 min read
8,840 views

O

n Jan. 13, Logan Paul tweeted a video outlining his plans for attempting to reimburse everyone affected by the failure of CryptoZoo NFT project.

As user unrest with CryptoZoo continues to rise, Paul and his team have taken action. Their three-tiered program will provide investors a full refund of their tokens in 2021. Developed on the Binance Smart Chain as a collectible Non Fungible Token project, CryptoZoo is dedicated to meeting stakeholders’ needs by restoring investor confidence through its token redemption plan.

Paul announced today that investors who are no longer invested in the CryptoZoo project have the opportunity to burn their base tokens for 0.1 ETH, which is currently worth $144 USD. In addition, Paul has dedicated 1000 ETH ($1.4 million) to this redemption scheme and those who choose to redeem will be given a payout of either ETH or BNB tokens as compensation.

Paul proclaimed that he and his manager, Jeff Levin, would get rid of their financial gain in CryptoZoo by burning their own tokens.

Concluding his statement, Paul announced that he would fulfill the promise of launching both the game and marketplace. Additionally, an internal investigation and audit will be conducted to locate any funds which can then be returned to the community.


Chris

Chris

An editor at Coincrop
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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.


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