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Statistics show that even at Musk’s homeland South Africa, users are not so much interested in the technological feats of their compatriot. But we should not forget that South Africa is the country with the largest number of cryptocurrency owners in the world. Thor was not able to gain traction and achieve commercial success, and will be shutting its doors”, says Chin. Read the best crypto news analysis here! bitnewstoday.com Bitcoin, investments, regulation and other cryptocurrencies Found a mistake? THOR’s CEO also said that the closure was also caused by significant regulatory issues faced by the project.

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THOR token “closed its doors”, blames regulatory issues ​(Chepicap)

After the successful ICO launch 2 years ago and attracting more than $21 mln in investments, THOR Technologies CEO David CHIN announces the closure of the project. The news followed recent reports of 50% of employees being fired from the company. Chin apologized to the owners of the tokens for a long silence, saying that the company worked “behind the scenes” searching for a way out of the situation, but all attempts were unsuccessful. “Companies’ hesitation and doubts of cryptocurrency had a major effect on sales and adoption. Thor was not able to gain traction and achieve commercial success, and will be shutting its doors”, says Chin. THOR’s CEO also said that the closure was also caused by significant regulatory issues faced by the project.

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