Our Story — Full Transparency
What happened at launch. And what we're doing about it.
We believe in owning our history — the good and the bad. Here's what happened when $UTIL first launched a few years ago, and how we plan to make things right.
The launch didn't go as planned
$UTIL launched as a Cardano utility token with a community pre-sale meant to fund development. But the liquidity pool opened badly, and snipers hit the pool in the first moments. The result was an early pump & dump that hurt the chart and the community.
Early supporters paid the price
Some of our earliest and most loyal supporters bought at the top of that spike and saw their funds lose value. Worse than the losses, the project lost the trust and momentum it needed — many supporters moved on.
Our X/Twitter was suspended
To make things harder, our original Twitter/X account was suspended without any explanation, cutting off our main community channel right when we needed it most. Rebuilding from silence is tough — but we're doing it.
Making it right. 🤝
If you were an early supporter of $UTIL — pre-sale participant or buyer in the days after launch — and you were affected by what happened, we want to hear from you. Email us with the details (your wallet address, transaction IDs, approximate amounts and dates of participation) and our team will review every claim on-chain, case by case, and compensate affected supporters fairly as part of the project restart.
Email us: utiladacoin@gmail.comA dedicated compensation allocation for early supporters is part of the restarted project's tokenomics — details will be published as the restart plan is finalized. All claims are verified on-chain; every submission gets a response.