AbyssWorld Reports Chainhill Capital Default, Prepares Early AWT Token Unlock

Abstract:AbyssWorld Claims Investment Firm Chainhill Capital Defaulted, Prepares Early AWT Token Unlock for Investors

AbyssWorld's community administrators have issued a notice stating, “To secure the necessary funds for game development, we have decided to postpone the SUI airdrop to Gazer holders this month. We have faced prolonged deception, and our early major investor, Chainhill Capital, has faced issues, with investments for AbyssWorld and other games not being received. For AbyssWorld, there has been outstanding payment for over half a year, and as we expanded the team as planned, we consumed more cash reserves than anticipated.”

Furthermore, the announcement mentions that the project will do its best to reimburse and compensate affected community users and will maintain records of Gazer holders. Due to financial constraints and the inability to fulfill market-making commitments, the project has decided to unlock and release all remaining AWT tokens for Gazer and IDO holders to help disappointed investors exit sooner. They also plan to announce the burning of a portion of the repurchased tokens shortly.

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