Flowcarbon's ambitious goal of linking carbon credits to blockchain through the Goddess Nature Token has resulted in failed promises and refunding efforts, raising investor concerns.
Despite raising $70 million, with $38 million from Goddess Nature Token presales, Flowcarbon's failure to deliver on its promises has led it to quietly refund investors.
Investors were required to sign a release waiving future claims to receive their refunds, indicating potential legal risks for Flowcarbon amidst unresolved issues.
Flowcarbon attributed its struggles to difficult market conditions and friction with carbon registries, but investor trust is waning as they struggle to deliver on their promises.
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