Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.”
San Francisco-based blockchain project Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” The news was announced by co-founder and CEO at Thor, David Chin on April 9.
Thor — which was built on Neo (NEO) — has announced it is closing its doors as it reportedly could not manage to raise enough capital to come up against the lack of sales, as well as find a new place where it could benefit from more resources.
Chin revealed in the post that the company has been trying to find the right person or entity to hand over the Thor project in order to let it continue, however it has not been able to find one for an acquisition at this time. Chin further stated:
“Thor will be ceasing operations in the near future given no other funding or acquisition…
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