Arco Protocol, a decentralized finance (DeFi) platform on the Aptos (APT) blockchain, launched recently, has suddenly gone offline after a failed crowdfunding.
Arco Protocol 29 October on his official social media account. in his statement, IDO (first decentralized exchange offering) reported that they terminated their partnership due to an unexpected problem that occurred during the Among Arco’s canceled partnerships Wormhole, Celer Network In addition to well-known partnerships such as MEXC, Huobi and Gate.io potential partnerships as well.
During the public offering more than 300 upon the simultaneous deposit network congestion. Arco stated that the token distribution was delayed and that some users could not reach their tokens. you panicked stated. Arco states that the system has been reorganized and that the tokens of contributing users manually reported that it will be provided.
On the other hand, some users cheat Stating that they are very upset about the characterization of Arco Protocol as a refund everyone, continue the project and transfer control of the project to users offered a choice between Return option hours before the end of the survey 48.7% comes in first place. In addition, the project’s Discord channel and website were closed.