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[Yugocean]

The DAO's service provider, SuperDAO, has made the decision to end the project and give investors their money back.

SuperDAO has created over 2k projects, but most were shut down in short time, which resulted hard for SuperDAO, and now it is unable to support itself as a business.

To protect the intrest of investors, the shutdown of SuperDAO operations will occur gradually rather than abruptly.

 

[IB DD]

I listened to the CEO of the company and he clearly stated that it's business model is not profitable. Sad that the company lasted only two years. I think it miscalculated it's ambitions based on the statement of the CEO saying that the crypto ecosystem is getting smaller.

 

[btaliat]

There may not be proper planning to scrape through the difficult time. Or it may be speculated that there may be mismanagement of fund among the leaders. It is a nice idea not to shut down abruptly.

 

[Medo24]

The fact that he's able to give back the investors their money is a good sign that he can always go back to the strategize and come up with the program again and I'm sure people will invest in it because you already built the confidence.