Noxa, the most important token launchpad on Robinhood Chain, stopped working after incomes an estimated $12 million in charges, in line with DefiLlama, previously 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 mentioned it could cease accepting new token launches.
Two days later, the platform’s web site went darkish. The crew blamed a Cloudflare situation. On July 14, it mentioned the area would redirect to ENS providers and creator earnings could be out there for withdrawal. Late Tuesday evening, Noxa posted that the platform would not acquire charges, redirecting 100% of transaction income to creators as an alternative.
The choice divided Crypto Twitter.
“Half the timeline referred to as it primarily based as a result of somebody lastly pushed again towards the spam,” wrote @zubic_eth in a extensively shared put up summarizing the scenario. “The opposite half referred to as it a generational fumble and mentioned they killed the golden goose whereas making $3 million a day.”
