Limit ecosystem chain for cashier closes Majnet nearly five months after launch

Blinds 30. May close their treasures for mild based on Zsinc, almost five months after announcing the urgent cost reduction measures and provision of temporary urgent powers.

Blagaidaoo pulls the plug on the cash chain, own network built on Zxinc Layer-2 Scaling solution, up to 30. May after the type-52 passed, giving the basic emergency tool to deal with exclusion without stopping for more votes.

In a k nit 6. May, the cash register team called users to bridge all their property as well as non-fungal tokens by the end of May. The wind is part of a wider rotation to reduce costs and focus on product development.

“Before moving to a slight chain,” said the team that “Magic-Eth was moved to L1 Etherum and is now trading on Uniswap,” while “Magical Liquidity Migration on L1 is underway.” Despite the shutdown of the chain, the team believed that it was in a strong position to continue their business as well as his USDC of the runway “extended through the autumn 2026”

“It’s gently in a strong position, and our USDC Runway extends through autumn 2026. – Excluding the recovery magical treasure. The windsight for the cash register will expedite our product development, positioning us for the next stage of our growth.”

Cashier

Even with the closure of Majnet, the team abolished the decision not to give up, but as a “positive move for org”. The team also added that the “chain retirement was presented as a necessity, not a choice.”

Still, switching off comes with severe financial truths. In internal updates, co-founder is John Patten point out Daova combustion rate became unsustainable, and his runway potentially dries until the end of 2025. Years. Running chain of cashing running around $ 450,000 per year – a yes, especially with Zsinc, especially with Zxinc, which cannot be easily unlocked, especially with Zxinc.

To facilitate the transition, the proposal allows the team to manage around 3.18 million magic and 138 ETE in Dao liquidity. As Blandero said, extinguishing is an “an urgent measure that reflects current emergency circumstances, not a constant change in the principles of management.”

It is treasured among the early builders on the arbitrum before it started its own chain on Zxinc. At its peak, even put more than 95% of all transactions and toys and NFT on arbitrums and created a volume to a market of $ 260 million in the market, according to data From Nansen.