Rage Trade has officially announced the winding down of its operations, prompting a structured return of funds to its token holders and investors. As the platform transitions, users are advised to manage their open positions directly through the source protocol interfaces, as the app will no longer be available. The source notes that this decision comes as part of a broader strategy to ensure a smooth exit for all stakeholders involved.
Holder Snapshot and Trading Advisory
In a recent communication, Rage Trade informed its community that a holder snapshot has been taken, and trading of RAGE during this process is discouraged, as it will lead to no allocation for those involved. Investors with unsold unvested allocations will be compensated at 21% of their entry price, while liquid holders will receive 0.42 per RAGE token.
Settlement Process and Unclaimed Deposits
The team has outlined that members will be settled through either token allocations or severance packages, and any unclaimed deposits from deprecated vaults will be returned to their original addresses. Notably, the project has emphasized that no claim steps are necessary, as distributions will occur automatically, with final amounts adjusted based on actual trade execution prices and communicated before payouts.
Orderly Wind Down and User Advisory
Rage Trade has framed this process as an orderly wind down, with an earlier snapshot identifying eligible wallets for distribution. Users are urged to refrain from interacting with deprecated contracts, as any exchange activity will not affect allocations due to the snapshot cutoff. At the time of this announcement, RAGE was trading at approximately 0.02892, with both market cap and 24-hour trading volume declining, indicating limited liquidity and reduced trading activity surrounding the token.
