Logan Paul Reveals Refund Plan For Dissatisfied CryptoZoo NFT … – CryptoSlate
Logan Paul reveals refund plan for dissatisfied CryptoZoo NFT investors Mike Dalton · 9 hours ago · 2 min read
Paul also apologized to Coffeezilla, who criticized the project last month.
2 min read
Updated: January 14, 2023 at 10: 31 am
Cover art/illustration via CryptoSlate
YouTube influencer Logan Paul will create a refund plan for his troubled CryptoZoo NFT project, as announced in a Twitter video on Jan. 13.
CryptoZoo will redeem user tokens
In 2021, Paul and a larger team began to create CryptoZoo, a collectible NFT project on Binance Smart Chain. However, growing dissatisfaction with the project has led Paul to launch a three-prong program that will refund investors.
Paul said today that he will allow dissatisfied investors to exit the project immediately and burn their CryptoZoo base tokens for their mint price. The mint price is 0.1 ETH ($144), and Paul has committed 1000 ETH ($1.4 million) to the redemption plan. Those who redeem their tokens will be able to receive ETH or BNB tokens.
Paul also stated that he and his manager Jeff Levin would burn their own ” tokens to eliminate their financial upside in CryptoZoo.
Finally, Paul said he plans to complete and launch the game and marketplace as promised. He added that an internal investigation and audit would be performed and that any funds recovered in that process would be returned to the community.
Paul apologizes to Coffeezilla
Paul also apologized to Stephen Findeisen, aka Coffeezilla, who criticized CryptoZoo in December over its incomplete status. One of those videos was titled “Investigating Logan Paul’s Biggest Scam.”
Those allegations led Paul to threaten a lawsuit against Coffeezilla last week. However, Paul has since dropped his legal threat.
Paul stated in today’s video:
I was defensive because … I never