XCAD Network announced the cessation of operations and will consider open source code

According to Twitter, XCAD Network issued an official statement announcing the cessation of operations. The project indicates that the account has not been updated since April, and there are currently no funds left. Remaining on the exchange is a failed struggle, and related products and services are no longer being maintained.

Officials say the company has been in operation for five years, and it is one of the few projects that have persisted for a long time without being listed on a Tier 1 exchange. Fan tokens failed to improve after retail investors left the market, and the team tried to move in the direction of AI influencers, but were unsuccessful, and are now unable to continue. The team is considering making the code public for those in need to run it themselves, and emphasizes that this is not a continuation of the company or a restart.