According to Rally, the ETH social token platform, its main chain will be closed on January 31. According to the email sent to its community on that day, users will not be able to migrate their irreplaceable tokens (NFT).

After the news, its original ecological token RLY fell by about 10% to$0.01353 according toData encryption quartz sandstoneData information

The project attributed it to the test of the past year, and added, "Under the current conditions, the macro-economy has turned against the wind and is difficult to overcome."

As of the time of press release, the social account of the platform has been deleted.

Rally's community is in trouble

Rally's elite team said that she was exploring "whether we can build more streamlined web3 feelings and/and products online". However, some members of the data encryption community accused Rally of leaving users in a dilemma and having no way forward.

Chris Strub, a user, revealed that she had damaged some money on the platform and apologized to the people who applied the project based on his support. Another user, John Rigler, said that he "concluded" that the platform was only a "robbery"

In addition, other new social media token projects have brought support to the trapped series community.

The series was launched in 2018 and raised US $57 million in a round of financing in 2021. Venture capitalists like Andreessen Horowitz expressed support.

The platform has been supported by several creators, including composer BT and actor Felicia Day.