Dear BetU Community,.

28 Mar 2023, 05:29
Dear BetU Community, We regret to inform you that we will be halting current operations of both BetU and EarnU platforms as of today. Unfortunately our current client base is insufficient to maintain the platforms and we have so far been unsuccessful in raising additional capital to enable us to grow. As we have built the entirety of our tech stack, it comes with expensive operational costs of $50,000 USD per month. (In total we have spent $2.7 million USD) Despite our best efforts, several deals that were in the pipeline did not come to fruition, which has left us unable to continue with the current structure. As the majority of gaming activity is in BETU tokens, the only option for us would be to sell down the token which would not be sustainable. We are actively exploring options for BETU token holders, such as: - USDT staking pools / token buybacks with revenues that we will receive from prior deals of our tech stack. - Airdrops to BETU token holders for upcoming partner token launches. - Selling the existing platforms / tech stack & launching a simpler version. - Selling the existing platforms / tech to a group that wants to integrate the token. We understand that this news will come as a disappointment, and we express our sincerest apologies. Regretfully, by focussing on token growth in the initial stages upon launching BetU, we didn’t give ourselves sufficient runway for the bear market and player adoption was slow. We appreciate the support that you have shown us, and hope that we can rebound in some way in the future. Over the coming days, please withdraw your tokens / coins from BetU & EarnU platforms. We will hold a voice chat in Telegram today at 10am UTC to answer any questions you may have. Thank you. Sincerely, BetU Team

Same news in other sources

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Telegram
28 Mar 2023, 05:29
Dear BetU Community, We regret to inform you that we will be halting current operations of both BetU and EarnU platforms as of today. Unfortunately our current client base is insufficient to maintain the platforms and we have so far been unsuccessful in raising additional capital to enable us to grow. As we have built the entirety of our tech stack, it comes with expensive operational costs of $50,000 USD per month. (In total we have spent $2.7 million USD) Despite our best efforts, several deals that were in the pipeline did not come to fruition, which has left us unable to continue with the current structure. As the majority of gaming activity is in BETU tokens, the only option for us would be to sell down the token which would not be sustainable. We are actively exploring options for BETU token holders, such as: - USDT staking pools / token buybacks with revenues that we will receive from prior deals of our tech stack. - Airdrops to BETU token holders for upcoming partner token launches. - Selling the existing platforms / tech stack & launching a simpler version. - Selling the existing platforms / tech to a group that wants to integrate the token. We understand that this news will come as a disappointment, and we express our sincerest apologies. Regretfully, by focussing on token growth in the initial stages upon launching BetU, we didn’t give ourselves sufficient runway for the bear market and player adoption was slow. We appreciate the support that you have shown us, and hope that we can rebound in some way in the future. Over the coming days, please withdraw your tokens / coins from BetU & EarnU platforms. We will hold a voice chat in Telegram today at 10am UTC to answer any questions you may have. Thank you. Sincerely, BetU Team
Dear BetU Community,.
Dear BetU Community, We regret to inform you that we will be halting current operations of both BetU and EarnU platforms as of today. Unfortunately our current client base is insufficient to maintain the platforms and we have so far been unsuccessful in raising additional capital to enable us to grow. As we have built the entirety of our tech stack, it comes with expensive operational costs of $50,000 USD per month. (In total we have spent $2.7 million USD) Despite our best efforts, several deals that were in the pipeline did not come to fruition, which has left us unable to continue with the current structure. As the majority of gaming activity is in BETU tokens, the only option for us would be to sell down the token which would not be sustainable. We are actively exploring options for BETU token holders, such as: - USDT staking pools / token buybacks with revenues that we will receive from prior deals of our tech stack. - Airdrops to BETU token holders for upcoming partner token launches. - Selling the existing platforms / tech stack & launching a simpler version. - Selling the existing platforms / tech to a group that wants to integrate the token. We understand that this news will come as a disappointment, and we express our sincerest apologies. Regretfully, by focussing on token growth in the initial stages upon launching BetU, we didn’t give ourselves sufficient runway for the bear market and player adoption was slow. We appreciate the support that you have shown us, and hope that we can rebound in some way in the future. Over the coming days, please withdraw your tokens / coins from BetU & EarnU platforms. We will hold a voice chat in Telegram today at 10am UTC to answer any questions you may have. Thank you. Sincerely, BetU Team