via Cointelegraph · By Cointelegraph Staff
Botanix Shuts Down as Bitcoin Defi Demand Falls Short
BTC/USDT
$8,811,990,215.73
$63,461.99 / $62,436.59
Change: $1,025.40 (1.64%)
+0.0039%
Longs pay
Botanix, a Bitcoin scaling network that set out to bring “real utility” to BTC without token incentives, is winding down after four years in operation.
In a Tuesday post on X, Botanix told users to withdraw all Bitcoin and other assets by July 9, after which remaining assets will be swept and “be unrecoverable.”
The decision comes despite integrations with major crypto infrastructure providers…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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