Quantlandstake, the Quantlandstake platform for technology liquidation, has offered a repurchase price of $QLT that is too low, causing dissatisfaction among investors.

Taiwanese AI Cryptocurrency quantitative trading company Quantrend Technology announced on January 24 that due to regulatory restrictions in Taiwan, the company will cease to provide Virtual Money asset services within Taiwan and officially initiate the Quantland protocol liquidation on December 1, 2024. However, Quantrend's proposal to liquidate the platform coin QLT has sparked dissatisfaction among previous ICO investors. (Background: Trump's coin was reported by Taiwanese for 'violating the Money Laundering Prevention Act'; PTT encryption moderator: FSC should act quickly) (Background: Taiwan's Money Laundering Prevention Act amendment notice: 'dummy accounts' can be frozen!) Founded by the renowned 'entrepreneurial genius' Popo, former NU SKIN core member Xu Jingteng, and Taiwanese netizen BBS PTT founder Dai Zhiyang, Quantrend Technology, an AI Cryptocurrency quantitative trading company, once held a 10% share of the global volume of coin security contracts and even occupied a top three market share in the BTC and Ethereum trading markets. However, this remarkable Taiwanese local Cryptocurrency quantitative trading company announced on January 24 that it will cease to provide Virtual Money asset services within Taiwan due to regulatory restrictions and officially initiate the Quantland project liquidation on December 1, 2024: Due to the stricter restrictions and Compliance requirements introduced by the 'Money Laundering Prevention Act' and related regulations effective from November 30, 2024, we are no longer able to continue providing Virtual Money asset services within Taiwan from December 1, 2024. Consequently, the Quantland team officially initiated the project liquidation process on December 1, 2024, and ceased all services within Taiwan. Quantland is an on-chain Decentralized Finance project, and the purchase of QLT can yield Airdrop rewards through staking, sourced from the project's investment profits. Quantland's investment returns will be regularly disclosed by Quantrend. As part of the project liquidation, Quantland will liquidate and delist its platform coin QLT and compensate investors through repurchase. Details include: Financial processing and repurchase mechanism Settlement financial status: As of November 30, 2024, QLT strategy balance: 2.83M USDC, net assets after deducting costs: 0.99M USDC QLT repurchase mechanism: At the end of the liquidation process, all circulating QLT Tokens will be repurchased at a price of 30.36 USDC/QLT. QLT holders participating in the repurchase must upload identity-related information to complete Compliance verification. QLT repurchase process 1. Preparations: Claim all past Airdrop rewards Unstake QLT: Unstake the QLT and confirm its return to your Wallet 2. Submit data (by February 9, 2025): Fill out the official liquidation participation form and submit the following information: Contact email address; Wallet Address holding QLT; Identity verification information. 3. Return QLT and complete signing (by February 24, 2025): According to the notification received after passing the identity verification, return the specified amount of QLT Tokens and sign the repurchase contract to the contact email address 4. Official verification and validation: The team will conduct a final check and validation of the data and operations to ensure Compliance. If the verification does not meet the requirements, a notification email will be sent. 5. Repurchase and fund disbursement (by May 24, 2025): At the end of the liquidation process, the official will disburse an equivalent amount of USDC to the original Wallet Address holding QLT according to the repurchase price (30.36 USDC/QLT). Simultaneously, 50,000 USDC of Airdrop rewards from November 2024 will be disbursed based on the staking weight (Staking Power calculation period: November 30, 2022, to November 30, 2024). 6. Completion of repurchase: All repurchase procedures are expected to be completed by May 24, 2025. For more details on Quantland liquidation, please read the official announcement. Dissatisfaction among netizens: Only able to accept losses? In the field of Cryptocurrency, it is not uncommon for projects to undergo liquidation and bankruptcy. However, Quantrend Technology's project liquidation has sparked dissatisfaction among investors, as the repurchase price for QLT Tokens is too low, resulting in significant losses for investors who participated in the QLT ICO at a high price. Currently, investors have expressed their grievances on PTT, stating that the ICO price of QLT was $120, but the official repurchase price from Quantrend is only $30, and the official has not proposed any additional compensation measures, making investors feel forced to swallow their losses. The holder community is already in an uproar. According to community members, the reasonable repurchase price should be $86, but the team seems to have transferred Quantland's expenses to the Quantland account. It's pitiful. Despite having a high profile and being touted as Taiwan's largest coin security contract market maker, issuing press releases every year, recruiting high-salary talent from NTU, and leasing high-end offices in prime locations, even the founder himself is from NTU, but the result is akin to a fraudulent project. Whether the project party will coordinate with investors in the future and the outcome are still pending. Related reports: FSC: Taiwan's special law for virtual assets will hold a public hearing in February and be submitted for review in June; Stable Coins will be included in regulation; BTC ETF will be open to retail investors, to be observed for another six months. South Korea's FSC initiates discussion on the 'Virtual Asset Users Protection Act' second-phase regulatory framework, but what about Taiwan? Coin security's regional market head: Global regulatory changes are occurring, and we are pleased to see the Taiwan government promoting the development of the encryption industry. 'Quantrend Technology liquidates Quantland staking platform, offering a too low repurchase price for $QLT, provoking investors' This article was first published by BlockTempo, the most influential blockchain news media in the Block sector.