The South Korean initial coin offering project Contents Protocol will return 26,877 Ether (ETH) ($7.5 million at press time) to holders of its CPT token. Both legal obstacles and business challenges were cited as reasons for the shutdown.
The details are visible on the project’s modified homepage, first recorded on Feb. 19. Its public ICO ended in December 2018 and collected almost 7,000 ETH, which was its funding goal. The remaining 22,000 ETH came from private token sales.
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