Refund Plan in Place for CryptoZoo NFT Investors

Logan Paul's NFT project, CryptoZoo, has had a troubled journey since its launch in 2021, with many investors voicing their concerns and dissatisfaction with how the project has been handled so far. CryptoZoo, founded by Paul and a larger team and launched on the Binance chain, has promised to refund holders in a three-pronged redemption plan.

In a video uploaded to Twitter, Paul explains that unhappy investors will be given the opportunity to leave the project by burning their CryptoZoo base tokens in exchange for the project's initial mint price (0.1ETH). Paul himself has donated 1000ETH to the execution of this plan, with those burning their tokens being refunded in ETH or BNB, and he and his manager will be burning their own tokens to remove any financial upside in CryptoZoo.

Paul has insisted that the project was never intended to be a rug pull or scam and said that he "only had the best intentions going in". Additionally, he has promised that the project's future plans of launching a game and marketplace will be going ahead and that an internal investigation will be carried out, with any recovered funds from this process being put back into the community.