
None Trading, a Discord-based trading tool for cryptocurrencies and non-fungible tokens, has been shut down due to “critical vulnerabilities” within its infrastructure.
According to reports on September 20 announcement, the No Deal developer said it had “lost a significant amount of money” as well as “team tokens” that were critical to its operations. “On top of that, we lost 3 core team members that we needed to keep the project healthy,” the developers wrote. “This unfortunate event has left us in a financial and infrastructural dire straits and simply unable to continue to run the company effectively.”
“As a result, we have no choice but to cease company operations.”
As of press time, the project’s Discord, Telegram, and official website have been deleted. None Trading wrote that token holders will have 30 days to claim their rewards before being offline. Affected by this news, None Trading Token (NONE) plunged nearly 80% to $0.074 per coin. As of launch last month, NONE had a self-reported market capitalization of $16.5 million. The program started in May.
Prior to its closure, None Trading positioned itself as an “all-in-one trading solution for Direct Discord.” Users can use the robot for free or pay a fee of 300 NONE for advanced trading. No-deal bots then charge a commission of 0.3% to 0.6% based on each trade. Its anonymous CEO Carve claims to be a 19-year-old young man who has been engaged in the NFT and token fields since 2021 and has developed multiple projects.
Dear None trading community,
It is with a heavy heart that we must announce some sad news today. First, we express our deep sadness and regret at recent events that have forced us to make extremely difficult decisions. not any…
— None (@nonethio) September 20, 2023
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