Buyers of AVAX for Togg Lose 25 Percent

Many users on social media claimed that Togg’s pre-orders with NFT were delayed due to the delay. The reason is that the cryptocurrency that will enable the purchase of Togg NFTs has suffered a great loss since the day the auctions were announced.

When the domestic car Togg will hit the road has been uncertain for a while after the latest events. But ToggAfter his last statement, he received a reaction on social media for a different reason.

Many users shared that they experienced financial losses due to the postponement of the NFT auction, which will offer the opportunity to purchase Togg with a pre-order. The reason for the financial loss is the cryptocurrency to be used for the purchase of Togg NFTs It was the depreciation of AVAX.

AVAX, which will be used to purchase Togg NFTs, lost more than 25%:

AVAX, which will be used for the purchase of Togg NFTs, since January 27, when it was announced that the pre-order right will be purchased with NFT It has lost more than 25% of its value. AVAX, which closed at 407 TL on the day of the announcement, is trading at 299 TL today.

Many people had purchased AVAX to be able to purchase their Togg NFT during the period from January 27 to February 5. price of NFTs 10 AVAX with 30 AVAX between was changing. This is per NFT when calculated at the closing price on January 27. 4070 TL to 12 thousand 210 TL it corresponds.

Reactions from social media:

What happened during Togg’s NFT auction?

Announced in December 2019 and causing great excitement in the country, the Togg C-SUV model was normally expected to be released this month. NFTs will be auctioned to pre-order the vehicle on Togg’s mobile app, Trumore. Sunday evening, February 5 had begun.

Technical glitches at the start of the auction caused the NFT auction toto be postponed to February 6, 09.30. had caused. However, the Kahramanmaraş-centered earthquakes on February 6, 04.17 and 13.24, necessitated the postponement of the plans for a while, with the great destruction in 10 provinces and the declaration of mourning throughout the country.

After Togg announced the postponement on February 6, he remained silent until March 8. In the statement made on March 8, a clear date was not given for the NFT auction, “will be held at a later date” had been stated.

Togg has not yet made a statement regarding the complaints.

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Statement from Togg About the Pre-Order Process Postponed Due to the Earthquake


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