It is with heavy hearts that we, the team at DISTRIBUTE, announce that we will be shutting down the platform effective immediately.
Over the past three months, there have been no new token launches, and all previously launched projects have become inactive. This has left the platform with almost zero activity, making it impossible to sustain operations.
We have also been operating at a significant loss for several months. With the current market downturn and the reality that we are now officially in a bear market, it is no longer feasible for us to keep DISTRIBUTE running.
The ability to create new tokens will be disabled on December 10th. Token creators have until then to migrate their distributors to another platform. Our team will be reaching out to creators who still appear active to help them transition their distributors smoothly.
We are deeply sorry to share this news. When we started DISTRIBUTE, our vision was to build something truly new and innovative in the Solana ecosystem. Unfortunately, the market moved in a different direction, and we must accept this reality.
Despite everything, we achieved some truly remarkable milestones together. We pioneered Solana Tax Tokens, becoming the first launchpad that allowed users to create them. Reaching a $7M market cap on a tax token was nothing short of incredible.
That achievement belongs to all of us—our community, our believers, and everyone who took a chance on something new.
Good luck out there, soldiers.
Thank you for believing in us and for being part of this incredible community. You made DISTRIBUTE what it was, and we will forever be grateful.
— The DISTRIBUTE Team