There are many altcoin projects, large and small, in the market. While some of them are very successful, others decide to close down in a short time.
Closure of the Goddess Nature Token Project
One of the projects that failed and decided to close down was the Goddess Nature Token (GNT). According to Forbes, the once-talked-about “Goddess Nature Token (GNT)” launch of Flowcarbon, a blockchain-based carbon credit platform founded by former WeWork CEO Adam Neumann, failed to materialize.
Reasons for Failure
It was reported that after this failure, the Flowcarbon team will refund investors who purchased GNT tokens. Flowcarbon explained that this was due to market conditions and the resilience of carbon logging.
Refunding Investors
Flowcarbon announced in May 2022 that it had completed a $70 million financing, at least $38 million of which came from token sales. Its investors included giant names such as a16z and Samsung NEXT.
The closure of the Goddess Nature Token project was the result of unfavorable market conditions. However, investors can expect a refund of their invested funds.
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