{"id":169576,"date":"2023-01-14T03:26:29","date_gmt":"2023-01-14T03:26:29","guid":{"rendered":"https:\/\/precoinnews.com\/?p=169576"},"modified":"2023-01-14T03:26:29","modified_gmt":"2023-01-14T03:26:29","slug":"logan-paul-unveils-1-3m-cryptozoo-recovery-plan","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/","title":{"rendered":"Logan Paul unveils $1.3M CryptoZoo recovery plan"},"content":{"rendered":"

YouTuber Logan Paul has unveiled a $1.5 million recovery plan for the people who invested in his beleaguered NFT project CryptoZoo.<\/p>\n

Announcing the move in a video shared via Twitter on Jan. 13, Paul reiterated that he is no longer looking to sue fellow YouTuber Coffeezilla for defamation over accusations he made in a critical series of videos on Paul\u2019s NFT project.<\/p>\n

As such, Paul emphasized that he is instead focused on fixing CryptoZoo, delivering on the roadmap and making things right with fans and investors:<\/p>\n

\u201cThe fact is, suing Coffeezilla is not going to help Cryptozoo holders so I do need to focus my attention where it should be, which is on fans and supporters of me.\u201d <\/p><\/blockquote>\n

Paul outlined that his recovery plan consists of three stages. Firstly, he and his manager \/CryptoZOO co-founder Jeff Levin will burn their ZOO token holdings so that they \u201chave no financial upside\u201d in the game, and so that the token supposedly has more value. <\/p>\n

Secondly, he claimed that he will personally commit 1,000 Ether (ETH) as part of a rewards program that enables \u201cdisappointed\u201d investors to burn their NFTs to get the initial 0.1 ETH ($150) mint price back. <\/p>\n

<\/p>\n

It is worth noting that at the time of Paul\u2019s tweet, 1,000 ETH was worth around $1.3 million, however the price of ETH \u2014 among a host of other top assets \u2014 has since been on a hefty pump that has seen its price gain 10.2% over the past 24 hours to sit at roughly $1,548. <\/p>\n

Finally, Paul noted that the third stage is to \u201cobviously finish and deliver the game as outlined in the whitepaper,\u201d which was initially touted as a play-to-earn game that involved breeding animal NFTs to receive ZOO token rewards. <\/p>\n

\u201cTo say I am disappointed in how this was handled internally is an understatement, there\u2019s a full internal investigation going on along with an audit and we are going to pursue full legal action for whoever needs to be held accountable.\u201d<\/p><\/blockquote>\n

\u201cIf any money is recovered in the process, it\u2019ll go right to the community,\u201d he added. <\/p>\n

The community reaction to Paul\u2019s Twitter post was mixed, with some tipping their hats to Paul\u2019s efforts, while others continued to pile on with further criticism. <\/p>\n

Related: NFTs have a brighter future on Instagram than on Twitter <\/strong><\/em><\/p>\n

Users such as @tharaxis noted that while criticism of Paul and CryptoZOO was valid, \u201call of this seems very positive and while it took a while this definitely deserves a \u2018good job\u2019. Hopefully it stays that way.\u201d<\/p>\n

While the founder and CEO of Genius Group Roger Hamilton added: \u201c\u2018i\u2019m sorry\u2019 and compensation to those who lost money. How great if all CoffeeZilla investigations would end up this way.\u201d<\/p>\n

On the other end of the spectrum, popular NFT and crypto trader @crypto_bitlord7 stated: \u201cBut let\u2019s be honest. You didn\u2019t care until it started to impact your reputation.\u201d <\/p>\n

\u201cYou then threatened to sue. And when you realized it backfired, you started this to try to please people. You are as fake as it gets. A true Larp,\u201d they wrote.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

YouTuber Logan Paul has unveiled a $1.5<\/p>\n","protected":false},"author":3,"featured_media":169575,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nLogan Paul unveils $1.3M CryptoZoo recovery plan - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Logan Paul unveils $1.3M CryptoZoo recovery plan - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"YouTuber Logan Paul has unveiled a $1.5\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-14T03:26:29+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/01\/Logan-Paul-unveils-1.3M-CryptoZoo-recovery-plan.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/\",\"name\":\"Logan Paul unveils $1.3M CryptoZoo recovery plan - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2023-01-14T03:26:29+00:00\",\"dateModified\":\"2023-01-14T03:26:29+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Logan Paul unveils $1.3M CryptoZoo recovery plan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Logan Paul unveils $1.3M CryptoZoo recovery plan - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/","og_locale":"en_US","og_type":"article","og_title":"Logan Paul unveils $1.3M CryptoZoo recovery plan - Pre Coin News","og_description":"YouTuber Logan Paul has unveiled a $1.5","og_url":"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/","og_site_name":"Pre Coin News","article_published_time":"2023-01-14T03:26:29+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/01\/Logan-Paul-unveils-1.3M-CryptoZoo-recovery-plan.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/","url":"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/","name":"Logan Paul unveils $1.3M CryptoZoo recovery plan - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2023-01-14T03:26:29+00:00","dateModified":"2023-01-14T03:26:29+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/logan-paul-unveils-1-3m-cryptozoo-recovery-plan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"Logan Paul unveils $1.3M CryptoZoo recovery plan"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/169576"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=169576"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/169576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/169575"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=169576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=169576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=169576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}