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Eden Network announces cessation of operations, to distribute 2000 ETH to EDEN holders
Summary: In a recent announcement, Eden Network revealed that Archer DAO, established in 2020 to create new revenue streams for Ethereum miners through MEV (Miner Extractable Value) profits, has decided to cease operations. Due to intense competition and high operating costs in the MEV space, after careful consideration and consultation with community members, Eden Network will ...
In a recent announcement, Eden Network revealed that Archer DAO, established in 2020 to create new revenue streams for Ethereum miners through MEV (Miner Extractable Value) profits, has decided to cease operations. Due to intense competition and high operating costs in the MEV space, after careful consideration and consultation with community members, Eden Network will shut down its operations immediately, including Eden RPC, Eden Bundles, Mempool Stream, among other products. Eden Network currently holds 2,000 ETH, which will be distributed to EDEN holders at a fixed exchange rate of 0.00001506 ETH/EDEN. The exchange will be open from now until September 30, 23:59 (UTC), with participation limited to non-US residents. Token holders who have not staked are advised to exchange promptly and release their stakes, with remaining funds allocated for company liquidation.
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