Gutter Cat Gang token sale marred by ‘technical issues,’ reportedly low interest

Quick Summary:

I will come back with a new exact date and time.”Source: GCG/ DiscordThe token sale was described as a “fumble” by X user and NFT enthusiast “Easy,” who pointed out that the team locked up 100% of the token supply in the vesting contract — running contrary to the GCG’s tokenomics plan.Under that plan, 12.5% of GCG NFTs and 15% of Seed Round allocations were meant to unlock instantly, with the rest of the tokens scheduled to vest daily over the next 18 months.

The GCG team marketed the “useless” GANG tokens as “just vibes” with “no promises” and “no roadmaps.”Reports on X suggest GANG failed to garner significant interestSeveral X users claimed that GCG only raised 3.66 Ether (ETH) worth roughly $6,800 from the GANG token community sale — falling far short of the $1 million target that it supposedly set.

Non-fungible token (NFT) project Gutter Cat Gang (GCG) saw a rocky token launch of its GANG token on Apechain on March 31, attributed to a “technical issue” by a third party, though others pointed to reportedly low interest in the token.

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Article Details

Author / Journalist: Cointelegraph by Brayden Lindrea

Category: Crypto

Markets: United States

Topics: Token Gutter March Apechain Million Nfts Tokens Firm “technical Gcg’s Gang

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 06:45:10 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27507137

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