Noxa, the biggest token launchpad on Robinhood Chain, stopped working after incomes an estimated $12 million in charges, in keeping with DefiLlama, prior to now week, citing issues about low-quality tokens flooding the platform.
The shutdown unfolded in a matter of days. On July 11, simply as $CASHCAT, the chain’s breakout memecoin, was hitting peak buying and selling quantity, Noxa stated it will cease accepting new token launches.
Two days later, the platform’s web site went darkish. The workforce blamed a Cloudflare concern. On July 14, it stated the area would redirect to ENS companies and creator earnings could be out there for withdrawal. Late Tuesday evening, Noxa posted that the platform would now not gather charges, redirecting 100% of transaction income to creators as an alternative.
The choice divided Crypto Twitter.
“Half the timeline referred to as it based mostly as a result of somebody lastly pushed again towards the spam,” wrote @zubic_eth in a extensively shared put up summarizing the state of affairs. “The opposite half referred to as it a generational fumble and stated they killed the golden goose whereas making $3 million a day.”
