A Difficult Decision: Ceasing Trading of $LFG Token and GAMERSE Project’s Future

GAMERSE
3 min readOct 5, 2023

Published on October 5, 2023

Dear GAMERSE Community,

Today, I’m writing to provide you with an important update on the GAMERSE project, while upholding the highest standards of courtesy and transparency. We believe in transparency and want to ensure everyone is informed about the latest developments. Please read this blog post carefully, as it may impact $LFG token holders.

For the past 24 months, our team has been tirelessly working on developing our NFT marketplace, SAM. We started this journey with a vision and released a Beta version of the platform in 2022, with the aim of launching the full version on main-net. Throughout this time, we collaborated with numerous developers, tech shops, and vendors to turn our vision into a reality.

Unfortunately, despite our best efforts, we faced significant challenges along the way. Many teams that attempted to build our revolutionary Social Aggregator NFT Marketplace encountered insurmountable obstacles. This year, in an effort to overcome these challenges, we made the decision to invest in a highly experienced development shop. However, this partnership also faced setbacks, leading us to terminate our engagement.

In light of these recent setbacks and the impact on our primary objective of launching “SAM”, we decided to step back and reassess our position and the financial viability of the project. After two years of operation, the cumulative financial and opportunity losses resulting from failed technology development attempts have taken their toll.

With a heavy heart, I, as the CEO of GAMERSE, have made the incredibly difficult decision to cease trading of the $LFG token officially. This decision was driven by the uncertainty surrounding the future of the GAMERSE project and its roadmap objectives. It’s essential for me to act responsibly and consistently with our values, both as supporters and investors. As a result, I’m announcing that the GAMERSE project is now dormant, and consequently, the $LFG token has officially ceased trading. It’s important to note that the token will still be available on-chain for unofficial trading.

So, what’s next?

  • Official support for BSC Liquidity will cease on October 6th, 2023, at 12:00 PM UTC.
  • We will release an FAQ document to address common questions.
  • Contact information: Email contact@gamerse.network

I want to express my deep gratitude to our community for your unwavering support, commitment, and investments in our project. The cryptocurrency space is innovative and volatile, and projects may encounter unexpected challenges. In our case, these challenges were beyond our control, and we remain hopeful that we can get the project back on track in the future.

As we move forward, I extend my heartfelt thanks to each and every one of you for being an integral part of the GAMERSE community. Your unwavering support, commitment, and investments have been the driving force behind our journey. While the future may present new challenges and opportunities, I remain optimistic about the future. I encourage you to stay connected with us through our official channels for future updates and developments. I wish you all the best in your future endeavours, and I look forward to sharing brighter days with you in the world of innovation and cryptocurrency.

Sincerely,

Khaled Jama

CEO, GAMERSE

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GAMERSE

Web3 Gaming and Metaverse Social Media Aggregator. SOCIAL | TRADE | PLAY!