Narrative Closing Down

Well when this message (pasted below) was received by email this morning it would have come as a shock to many creative writers in the...

Well when this message (pasted below) was received by email this morning it would have come as a shock to many creative writers in the space.  To me it seemed almost like it came out of nowhere but then again I have not been active on Narrative for a couple of months now.

As a reward platform for writers Narrative was starting to show some glimmer of promise, but like many before it it would seem the forces of fate (in whatever form) have conspired to shut it down.  Or as more gently put by the Narrative team "Sunsetting"

From a purely crypto perspective the rewards gained during the platform's time alive could be considered worthless now.  Particularly for those writers who heavily invested their time an effort and earned hundreds of dollars worth of the token.

I had not checked back on the token since I threw some spare NEO at it during its capital raise days (yes I got involved that far back).  On receiving the notification that "Narrative was Sunsetting" I immediately did a quick check for NRVE on Coinmarket Cap to see a rather sad overall global volume traded in the last week in USD  on just two exchanges and just two market pairs

• Bilaxy (NRVE/ETH
• Switcheo Network (NRVE/NEO)

And yet despite a lack of fluidity you can see the large increase in sell-offs occurring already, likely as a result of this announcement.

 

Although it may seem a nice farewell to members that Narrative.org have lifted minimum cap withdrawal

"There is no minimum withdrawal restriction in place, effective immediately" 

The potential 10 days waiting period for this transaction combined with almost no volume and a large looming selloff to try and get some value out of the remaining tokens is likely to see a market price slide to near worthlessness.

If there are any Narrators out there who have some opinions about this I'd love to hear from you in the comments below!

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Narrative is Sunsetting

It is with a heavy heart that we announce that Narrative.org will begin shut-down, effective immediately. We’ve poured our hearts, souls, and finances into this project for the last two years, and we still believe in the principles embodied in the Narrative manifesto. We understand that this announcement will be disappointing to our Narrator community, but rest assured we have exhausted every avenue for continuing. Unfortunately, market events, regulatory uncertainty, and limited resources have forced us to make this hard decision. Anyone who has authored content on the platform can download their own content via a link in their profile any time before December 30, 2019 at 3pm EST. The content will download in JSON format, which is portable and can easily be converted to other formats like CSV. Effective immediately, no new content, posts, comments, or quality ratings  will be accepted on Narrative.org. Narrative members can redeem all of their NRVE up to December 30, 2019 at 3pm EST; there is no minimum withdrawal restriction in place, effective immediately. The rewards payout yesterday was the final payout. No rewards will be accrued or paid out going forward. As of December 30, 2019 at 3pm EST, Narrative.org will cease operations and the site will be unavailable. All member data will be deleted completely on that date as well. The Narrative Support Community will remain open until December 30, 2019 at 3pm EST. After that date, member data from that site will also be deleted. If anyone is interested in purchasing the Narrative platform and continuing the mission, please email us (info@narrative.org). If you need assistance, please visit the Narrative Support Community. Thank you for your love and support.