Contents Protocol terminates project, remaining assets are distributed to token holders in ETH

The Contents Protocol, a distributed content exchange protocol, has announced that it will terminate the project and distribute the remaining assets of the project in the form of ETH to holders of the token CPT. The Contents Protocol stated that due to the uncertainty of cryptocurrencies and the lack of business prospects of the project itself, it decided to terminate the project. Based on legal advice from Korean and Singapore law firms, the project converted the assets currently held into ETH and distributed to all CPT holders who submitted applications before the deadline. After the deadline, the clearing process will start and the project party will destroy all collected CPTs.