The Unraveling of None Trading
In an unexpected twist of fate, None Trading, a promising trading tool designed for cryptocurrencies and NFTs running on Discord, has drawn its curtains due to a “critical exploit” that loomed large within its system. Talk about trading catastrophes!
What Happened?
In a heartfelt announcement dated September 20, the team declared they faced unimaginable losses. They stated, “We have lost a significant amount of funding,” which instantly raises the eyebrows of investors burrowed deep in crypto. To compound their troubles, the exit of three core team members left a gaping hole in their operation, making it impossible to keep the gears turning smoothly. Without a proper team and funding, it’s safe to say they had to hit the brakes.
Consequences of Shutdown
The fallout from this closure was nothing short of dramatic. As a result of the news, the None Trading’s NONE token plummeted nearly 80%, trading down to a meager $0.074—ouch! One could almost hear the investors collectively gasping.
Legacy of None Trading
Launched merely in May with a self-reported market cap of $16.5 million, None Trading marketed itself as the “all-in-one trading solution directly in Discord.” The utility it offered was straightforward: users could either opt for free access or indulge themselves with a premium trading option costing 300 NONE. The trading bot claimed to rake in commission ranging from 0.3% to 0.6% on each trade. Quite the innovative idea, but evidently, execution is key!
A Word from the CEO
The mysterious CEO, known as Carve, presented as a 19-year-old prodigy who had been swimming in the NFT and token waters since 2021, creating several projects along the way. Yet, even the sharpest sharks can find themselves caught in a net of unforeseen circumstances.
Time is Ticking
For token holders, there’s still a glimmer of hope. The project has offered a 30-day window for users to claim their rewards before completely going dark. However, with Discord, Telegram, and official websites shuttered, one might feel like their ship has sailed without them.
Dear None Trading Community,
It is with a heavy heart that we must deliver some unfortunate news today.
