Zipcoin Announces Shutdown and Token Sale as ZC Falls 84%

Zipcoin announced a shutdown and plans to sell its Zipcoin (ZC) token as ZC fell 84% over 24 hours, putting the project’s wind-down plans alongside a sharp decline in its market price. The team said project wallets hold 2.2% of ZC’s total supply. That figure describes the share held in project wallets as Zipcoin moves toward a shutdown and token sale. The announcement presents the closure and sale as plans, not completed steps. The 84% loss covers a 24-hour period.

Also reported by The Defiant.

Source: TokenPost