Rage Trade Announces Wind-Down and Fund Return
Rage Trade is winding down its operations and returning funds to token holders and investors. Users must manage any open positions directly on the source protocol interfaces, as the Rage Trade app will be deprecated. The team has taken a snapshot of token holders and warned against trading RAGE during this process. Trading now will result in no allocation.
Settlement Plan for Investors and Holders
- Investors with unsold or unvested tokens will be settled at 2.1 times their entry price.
- Liquid holders will receive $0.42 per RAGE token.
- Team members will be settled through token allocations or severance.
- Unclaimed deposits from deprecated vaults will be returned to original addresses.
No action is needed to claim funds. Distributions will be automatic. Final amounts will be adjusted based on actual trade prices and shared before payout.
RAGE Token Price and Market Impact
Rage Trade urged users to avoid interacting with deprecated contracts. The team emphasized that exchange activity after the snapshot will not affect allocations.
At the time of publication, RAGE traded at about $0.2892, according to CoinMarketCap. Market cap and trading volume have dropped since the wind-down announcement, showing reduced liquidity and activity.
Since settlements are based on the snapshot and set prices, secondary market trades will not impact individual payouts.
