Making of a Refund Plan by Logan

GM Guys and Gals,

We exposed Logan Paul's scammy project CryptoZoos in detail a few days back. Now after facing a ton of backlash on the internet, Logan is here with his refund plan for his project to save his 🍑.

CryptoZoo 🦌 will redeem user tokens

In 2021, Paul and a larger team began to create CryptoZoo, a collectable NFT project on Binance Smart Chain. However, growing dissatisfaction with the project has led Paul to launch a three-prong program that will refund investors.

Paul said today that he will allow dissatisfied investors to exit the project immediately and burn their CryptoZoo base tokens for their mint price. The mint price is 0.1 ETH ($144), and Paul has committed 1000 ETH ($1.4 million) to the redemption plan. Those who redeem their tokens will be able to receive ETH or BNB tokens.

Paul also stated that he and his manager Jeff Levin would burn their own ” tokens to eliminate their financial upside in CryptoZoo.

He plans to complete and launch the game and marketplace as promised. He added that an internal investigation and audit would be performed and that any funds recovered in that process would be returned to the community.

Logan apologizes 🙏🏻 to Coffeezilla

Paul also apologized to Stephen Findeisen, aka Coffeezilla, who criticized CryptoZoo in December over its incomplete status. One of those videos was titled “Investigating Logan Paul’s Biggest Scam.”

Those allegations led Paul to threaten a lawsuit against Coffeezilla last week. However, Paul has since dropped his legal threat.

Paul stated in today’s video: I was defensive because … I never scammed anyone with this project, I never made any money, I never sold any tokens, I only had the best intentions going in.

“Coffeezilla is not a criminal”: Paul

The End 😎

That's it for the day, Web3Shala 👋

To the Moon 🪐LFG 🚀