Camelot Cancels OnChain Trade Launch on Launchpad
On February 23, Camelot tweeted that it had decided to cancel the launch of OnChain Trade on Launchpad, and clarified the previous speculation about Launchpad:…
On February 23, Camelot tweeted that it had decided to cancel the launch of OnChain Trade on Launchpad, and clarified the previous speculation about Launchpad: 1) The sales model is not as rumored, but can be adjusted freely according to the requirements of the project (hardcap, cap/wallet, etc.). 2) From the beginning, we charged 2% for OCT’s fundraising activity. Because we want to support the ecosystem and promote the transition of the agreement from zksync, this setting is far below the market price. 3) After putting forward the sales model, the OCT team also confirmed on several occasions that it could not cooperate with other platforms to launch IFO at the same time.
Camelot clarified OnChainTrade’s accusation of speculation and cancelled the IFO of OnChainTrade
Interpretation of the news:
Camelot, a blockchain technology company, announced on February 23 that it was canceling the launch of OnChain Trade (OCT) on Launchpad. The company clarified speculations surrounding Launchpad and provided information on OCT’s fundraising activity.
Contrary to rumoured sales models, Camelot revealed that their sales model can be adjusted according to the requirements of a project. This could include hardcap, cap/wallet, and other specifications. Moreover, the company revealed that they charged only 2% for OCT’s fundraising activity. This setting was much lower than the market price, as the company claimed to want to support the ecosystem and promote the transitioning agreement from zksync.
The OCT team was also confirmed on several occasions that they would not be able to cooperate with other platforms to launch IFO at the same time. Camelot’s cancellation of the OCT launch could have been influenced by various factors, including the OCT team’s decision and other internal or external reasons.
Camelot’s transparency in their decision to cancel the OCT launch on Launchpad is noteworthy. The company’s detailed explanation of the sales model and OCT’s fundraising activity indicates their commitment to supporting the blockchain ecosystem.
In conclusion, the cancellation of the launch of OnChain Trade on Launchpad marks a significant decision for Camelot. This could lead to positive or negative consequences for the company’s reputation, depending on its stakeholders’ interpretation. It remains to be seen what Camelot’s next move will be after canceling the OCT launch.
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