Positions Liquidation and Closing the Project
Last updated
Last updated
In November 2023, the team launched a communication campaign within the GTON Capital community for OGXT holders:
As of January 15, 2024, nearly 50% of OGXT holders have agreed to liquidate their positions. If you are an OGXT holder and wish to liquidate your position into stablecoins (0.1344 USDC per 1 OGXT), please follow these instructions:
1. Sign in to BSChat with the account where your OGXT is held:
2. Send any message (like "Hi," "Hello," or your question) to the GTON Communication Team Account (ogxt.eth):
Read about the reasons behind the decision to stop development and the options offered: (1) liquidate your position into stablecoins, or (2) waive option (1) and request a role in the newly formed charitable organization (Foundation) focused on social entrepreneurship and education.
The development of the project has been paused for an undefined period.
All OGXT token holders have two options to choose from, available
Please be aware that the estimated response time can range from a few hours during working days to a few days. We may not provide responses on weekends and public holidays.
We look forward to communicating with you in BSChat!
Also, if you missed the OGXT swap campaign, you still have the opportunity to liquidate your GTON position under the previous terms.
More about the “GTON -> OGXT Swap” Campaign:
Project Update:
Development paused. Due to a bear market, our platform has seen minimal user activity. Key contributors, including developers and partners, have left, impacting the industry. Our shift to AI and Blockchain didn't resonate, with poor user engagement. Following the UST-Terra-LUNA crisis, stablecoins faced regulatory issues, clashing with our stablecoin transaction model. Legal challenges in setting up international operations have arisen. While the newly formed Foundation remains operational, with ongoing education and ecosystem projects, we're halting development due to the lack of users and regulatory compliance. Thus, all token, NFT, and liquidity operations are indefinitely on hold.
