Camelot Cancels Launch of OnChain Trade on Launchpad

02/23/2023 21:55 • Metaverse Matters • 117 views

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

Analysis based on this information:

Camelot, the blockchain technology project, has recently announced that it has canceled the planned launch of OnChain Trade on Launchpad. The company also took the opportunity to clarify some of the speculations surrounding the Launchpad. In light of this decision, it is important to understand what this means and what effect it might have on the ecosystem.

One of the key takeaways from the announcement concerns the sales model of OnChain Trade. Camelot made it clear that the model is not as rumored, and that it can be adjusted freely according to the requirements of the project. This is an important clarification, as it means that Camelot is flexible when it comes to the specific needs of their clients. Additionally, Camelot pointed out that they charged only 2% for OCT’s fundraising activity, which is far lower than the market price. This is a clear indication that Camelot is focused on supporting the ecosystem and promoting the transition of the agreement from zksync.

Another important point raised in the announcement is the fact that the OCT team cannot cooperate with other platforms to launch IFO at the same time. This means that Camelot is committed to Launchpad and that their partners’ activities are aligned with their own. This is a good sign that Camelot is committed to building a strong ecosystem and an indication that they are focused on working collaboratively with their partners.

Overall, the cancellation of the launch of OnChain Trade on Launchpad is a strategic move by Camelot. It is likely that they have encountered some challenges or concerns that need to be addressed before proceeding with the launch. Nevertheless, the company’s commitment to supporting the ecosystem and promoting the transition of the agreement from zksync is a good sign. It is essential that Camelot continues to be transparent about their plans and strategy, as this will help to build trust within the ecosystem and ensure that partners and investors are aligned with their vision.

In conclusion, Camelot’s announcement that it has decided to cancel the launch of OnChain Trade on Launchpad is an important development that will have implications for the blockchain technology industry. The company’s commitment to supporting the ecosystem and promoting cooperation among its partners is a positive sign, and it is essential that they continue to communicate their plans and strategy in a transparent manner.

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Camelot Cancels Launch of OnChain Trade on Launchpad

Camelot clarified OnChainTrade’s accusation of speculation and cancelled the IFO of OnChainTrade

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