Onchain Trade cancels partnership with Camelot platform
On February 22nd, Onchain Trade announced on Twitter that it had canceled the plan to conduct IF0 on the Camelot platform on February 27th. Onchain Trade said …
On February 22nd, Onchain Trade announced on Twitter that it had canceled the plan to conduct IF0 on the Camelot platform on February 27th. Onchain Trade said that the project was negotiating with Camelot two months ago on the issue of launching IF0 at 0 fee, and was later told that it would charge 2% of the fee, and was required to only issue IF0 exclusively on Camelot platform, and could not cooperate with other platforms to launch IF0 at the same time. Onchain Trade finally chose to end the cooperation and only conduct IF0 on its own portal.
Onchain Trade disputes with Camelot and announced the cancellation of IF0 plan on the platform
Interpretation of the news:
On February 22nd, Onchain Trade announced the cancellation of its plan to conduct IF0 on the Camelot platform on February 27th. The move comes after two months of negotiations with Camelot regarding the launch of IF0 at a 0 fee. However, Onchain Trade was told by Camelot that it would charge a fee of 2%, and Onchain Trade was required to issue IF0 exclusively on the Camelot platform, without being able to cooperate with other platforms simultaneously.
Onchain Trade explained that it had chosen to end its partnership with Camelot after considering the restrictive terms of the partnership agreement. The company will instead conduct IF0 on its own portal. This decision indicates that Onchain Trade prefers to have more control over the process and seek alternative business solutions when faced with difficult negotiations.
The cancellation of the Onchain Trade-Camelot partnership raises significant questions about the role of transparency and flexibility in business negotiations. As negotiations between different parties grow increasingly complex, it can be challenging to accommodate the interests of all involved. The decision by Onchain Trade to launch IF0 on its own portal rather than exclusively on Camelot also highlights the importance of being able to explore different options and solutions when attempting to expand one’s business.
In conclusion, Onchain Trade’s cancellation of the partnership with Camelot platform reflects the need for transparency, flexibility and control in business negotiations. The decision to conduct IF0 on its own portal indicates that Onchain Trade prefers to choose alternative business solutions when faced with potential restrictions. Such an approach can help companies achieve greater autonomy and enable them to take more control of their businesses.
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