As part of the plan, Logan Paul stated that he will commit 1,000 ETH to repay disgruntled investors that want to make an exit via burning their CryptoZoo NFTs.
YouTuber Logan Paul has released a $1.5 million restoration plan to help people who invest in her beleaguered new NFT project, CryptoZoo.
Paul announced the measure in a video shared on Twitter on Jan. 13, and he strictly enforced it, and he is no longer preparing to sue YouTuber Coffeezilla friends for slandering her accusations in a series of critical videos of Paul's new NFT project.
As a result, Paul focused on tinkering with CryptoZoo, the delivery route map, and correcting relationships with fans and investors:
The truth is, filing a lawsuit Coffeezilla does not help the holders of CryptoZoo, so I really need to focus on the areas I should care about, that is, my fans and supporters.
Paul briefly said that its restoration plan consists of three stages. First, he and his artist agent / CryptoZoo founder Jeffrey Chalmers will burn their zoo tokens, so he has no financial benefit in the game, so tokens should be more meaningful.
Second, he claimed that he had made a personal performance pledge of 1000 ETH as part of a return plan that allowed "sad" investors to burn his NFT to find the initial price of 0.1 ethernet ($150).
It's worth noting that when Paul tweeted that he also gave $1.3 million to the reward program, 1000 ETH was worth that amount. But the price of ETH-among many other top assets-has been rising rapidly since then, up 10.2% in the past 24 hours, and at the time of writing, it was about $1548.
In the end, Paul stressed that the third process was "obviously playing and delivering the online game described in the industry report", which was initially touted as a game that included poultry and livestock NFT to receive a zoo token reward.
"it is an understatement to think that I am very disappointed with the structural handling of this matter. We are now conducting a comprehensive internal structure investigation and financial audit, and we are going to adopt a full range of legal actions for anyone who must be held accountable."
"if all assets are recovered in the process, it will go directly into the community," he added.
The community's response to Paul's article was mixed, with some paying tribute to Paul's persistent efforts, while others again explicitly made further criticisms.
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Clients such as @ tharaxis stress that while the criticism of Paul and CryptoZoo is correct, "all of this seems to be very proactive, and although it took a while, it certainly deserves a 'good job'." I hope this kind of thing will continue.
Sapo Hamilton, founder and CEO of Genius Group, added: "I'm really sorry and pay for these heavy losses." It would be nice if all CoffeeZilla's research ended in this way.
On the other hand, the popular NFT account and password trader @ crypto_bitlord7 says: "but let's be honest." You can't care until it gradually affects your reputation.
"then you threaten to sue. If you realize that it is not satisfactory, you may do so and try to please others. You're as fake as it gets. A real Rapp. "they wrote.