Copy from the message on pwr discord:
I’m going to be direct and to the point.
After thinking about this for several weeks, I’ve decided to shut down the PWR project.
I no longer see a viable way to continue, and I believe the best thing for everyone is to close it cleanly now rather than drag it out any longer.
The project’s assets are valued at around 16-17K $. I control roughly 70% of the supply, so the remaining ~30% will be distributed to the other holders.
I have already converted exactly 4.800 $ into USDC. This gives an approximate price of ~~0.0787 $ per PWR~~. (~0.065)
I know this is disappointing — it feels disappointing to me too. After more than 3 years investing time and resources into the project with no compensation, I need to move on and cut the last remaining obligations.
Distribution process:
-
I have already manually compiled the list of all relevant holders and their PWR balances. Please send your PWR to my account @ferranlogs.
-
Once I receive them, I will refund your share directly in USDC (on Ethereum or via Hive, whichever you prefer).
-
Send me a DM with your Hive username and the wallet address where you want to receive the USDC.
Liquidity pool:
~~The liquidity pool remains completely untouched. If you are providing liquidity, you can withdraw your position whenever you want. There are still some months of rewards left, but I don’t see the point in keeping the project open "in silence" when the decision to close has already been made.~~
EDIT 14/04/26
With most of buybacks processed only the pool remains. Please withdraw ASAP. I'll clean up the pool in a few hours/days at max and won't accept new refunds (I'm already reducing the price).
EDIT 15/04/26
Flushed Hive from the distribution contract and dumped the Price of PWR down to 0.
Refunds ended.
Thank you to everyone who supported the project over the years, especially through delegation rewards and liquidity provision. I really appreciate the early support.
I will try to process everything as quickly and smoothly as possible.