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Router Protocol to shut down and burn 303M ROUTE tokens after failing to find a buyer
Router Protocol's shutdown highlights the unsustainable economics of cross-chain bridging, emphasizing the need for viable financial models. The post Router Protocol to shut down and burn 303M ROUTE tokens after failing to find a buyer appeared first on Crypto Briefing .
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ChainCatcher reports that Router Protocol, a cross-chain infrastructure project backed by Coinbase Ventures, has announced it will shut down all operations by September 30th and plans to permanently burn 303,333,198 ROUTE tokens held in its treasury, representing approximately 30% of the token's total supply of nearly 1 billion. In a statement released on X, the team stated that it had attempted commercialization, licensing, and acquisition nego…
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Cryptocurrency News | Cryptocurrency Prices | Market CapRouter Protocol to shut down and burn 303M ROUTE tokens after failing to find a buyer
Router Protocol's shutdown highlights the unsustainable economics of cross-chain bridging, emphasizing the need for viable financial models.
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