Cryptocurrency Company Announces Shutdown, Coin Loses 80 Percent Value!

Cryptocurrency investment platform freewaytriggering a significant drop in its in-house token value by shutting down its services.

The token has dropped more than 80% in the last 24 hours and users on Telegram are unable to understand exactly what is going on. Freeway token according to Coinmarketcap data 0.001624 traded in dollars.

Cryptocurrency Has Dropped More Than 80% In The Last 24 Hours

Freeway is a so-called crypto and fiat currency “Super Chargers” claimed to offer annual rewards of up to 43% for

Users deposit money and buy Superchargers that generate returns. These items can then be resold and the funds refunded. However, Freeway said in a statement that “we will not be purchasing Supercharger simulations until our new strategies are implemented.”

In the message of the company, “As you all will be aware, recently, foreign exchange, bitcoin and unprecedented volatility in the cryptocurrency markets.

Therefore, Freeway has decided to diversify its asset base to manage exposure to future market fluctuations and volatility to ensure the long-term sustainability and profitability of the Freeway ecosystem.”

CEO Graham Doggartdid not respond to a request for comment made on LinkedIn.

A controversy broke out on the company’s Telegram channel, and one user said:

“I can’t sell my supercharger and get my money back because FREEWAY won’t take back the superchargers it sold me.”

Freeway wrote:

“We will notify you when we are ready to restart partial Supercharger simulation purchases (buybacks) and then resume Freeway Token (FWT) Deposits and Purchases on the platform alongside full Supercharger simulation purchases.”

*Not investment advice.