Logan Paul reveals refund plan for dissatisfied CryptoZoo NFT investors

YouTube influencer Logan Paul will create a refund plan for his troubled CryptoZoo NFT undertaking, as introduced in a Twitter video on Jan. 13.

CryptoZoo will redeem person tokens

In 2021, Paul and a bigger staff started to create CryptoZoo, a collectible NFT undertaking on Binance Sensible Chain. Nevertheless, rising dissatisfaction with the undertaking has led Paul to launch a three-prong program that can refund buyers.

Paul mentioned at present that he’ll permit dissatisfied buyers to exit the undertaking instantly and burn their CryptoZoo base tokens for his or her mint worth. The mint worth is 0.1 ETH ($144), and  Paul has dedicated 1000 ETH ($1.4 million) to the redemption plan. Those that redeem their tokens will have the ability to obtain ETH or BNB tokens.

Paul additionally acknowledged that he and his supervisor Jeff Levin would burn their very own ” tokens to remove their monetary upside in CryptoZoo.

Lastly, Paul mentioned he plans to finish and launch the sport and market as promised. He added that an inner investigation and audit can be carried out and that any funds recovered in that course of can be returned to the group.

Paul apologizes to Coffeezilla

Paul additionally apologized to Stephen Findeisen, aka Coffeezilla, who criticized CryptoZoo in December over its incomplete standing. A type of movies was titled “Investigating Logan Paul’s Greatest Rip-off.”

These allegations led Paul to threaten a lawsuit towards Coffeezilla final week. Nevertheless, Paul has since dropped his authorized risk.

Paul acknowledged in at present’s video:

I used to be defensive as a result of … I by no means scammed anybody with this undertaking, I by no means made any cash, I by no means offered any tokens, I solely had one of the best intentions stepping into.

In at present’s video, Paul apologized publicly to CoffeeZilla, stating that “Coffeezilla isn’t a prison” and thanking him for drawing consideration to the undertaking’s points. Paul additional acknowledged {that a} lawsuit wouldn’t profit CryptoZoo buyers.