Jan 7, 2025

Closure of Bank of Cronos (BOC) Project

Dear BOC Community,

After careful consideration, we regret to announce the closure of the Bank of Cronos project. Launched in 2021, the project has faced challenges, including a lack of support from key ecosystem players and minimal user activity. Despite our best efforts, it is no longer viable to continue.

Key Points:

Treasury Allocation: The remaining treasury will be allocated to the developers as compensation for operations and development costs. No payments were taken during the project’s lifespan.

Community Risks Acknowledged: All users were made aware of the risks, as outlined in the Terms and Risk Disclosure, and we thank you for your understanding.

Next Steps: The project will officially close, and no further development or activity will occur.

We are grateful for your support over the past four years. This decision was not easy but reflects the current circumstances. If you have any questions, please reach out in the discord.

Thank you for being part of the journey.

The Bank of Cronos Team