CoinList Postpones ENSO Token Launch Amidst Market Downturn
CryptoNewsTerminal Staff06 Aug, 2024
CoinList Postpones ENSO Token Launch Amidst Market Downturn
CoinList, a widely recognized cryptocurrency exchange and launchpad platform, recently announced via its official Twitter handle that it had made the "difficult decision to postpone the ENSO token launch due to the current market downturn." The decision was met with mixed reactions from the crypto community, with some expressing disappointment while others voiced understanding given the current market conditions. According to CoinList, they will be refunding all ENSO auction commitments and, as a gesture of goodwill, will offer a 20% bonus to auction participants when ENSO eventually launches. This move is seen as an attempt to appease those who had invested in the token's offering. The postponement of the ENSO token launch highlights the impact that the ongoing market downturn has had on the cryptocurrency industry. Several other projects have also delayed or canceled their token launches in light of the current market conditions. It remains to be seen when CoinList will reschedule the ENSO token launch, but the exchange has assured its users that they will be kept informed of any updates.
