Logan Paul’s Buy-Back Plan for CryptoZoo NFTs Criticized by YouTuber Tom Kherkher
Logan Paul, the popular YouTuber and owner of the Attorney Tom and Associates law firm, recently announced his plan to buy back non-fungible tokens (NFTs) purchased through CryptoZoo. However, his buy-back program has received criticism from Tom Kherkher, a YouTuber and owner of a law firm, who believes that Paul’s statement is filled with inaccuracies and misstatements. In a post on social media, Kherkher called Paul’s buy-back a “sneaky trick” and questioned the influencer’s intentions.
Logan Paul’s CryptoZoo NFT Buy-Back Offers Less Compensation Than Expected
In his announcement, Paul stated that he would commit over $2.3 million to buy back the NFTs purchased through CryptoZoo. However, the buy-back program only offers claimants up to 0.1 ETH per eligible NFT, which is significantly less than the original purchase price. Early supporters of CryptoZoo, who had high hopes for the game, are unlikely to be made whole through Paul’s buy-back program.
Logan Paul’s Buy-Back Program Excludes ZOO Token Holders
Another aspect of Paul’s buy-back program that has received criticism is its exclusion of ZOO token holders. ZOO tokens are an in-game currency that could be used to purchase NFTs in CryptoZoo. Paul emphasized that the buy-back is not intended to compensate those who lost money in the crypto market, implying that ZOO token holders will not be compensated at all. This has led to dissatisfaction among ZOO token holders who were hoping to recoup their losses.
CryptoZoo Investor Blocked by Logan Paul Reacts to Buy-Back Announcement
One CryptoZoo investor, Alan Wehbi, who claims to be the largest ZOO token holder, expressed his dissatisfaction with Paul’s buy-back program. Wehbi discovered that he had been blocked by Paul on social media, which further added to his frustration. In a tweet directed at Paul, Wehbi threatened legal action if he was not compensated for his losses within seven days. However, Wehbi did not disclose the specific amount he had invested in ZOO tokens.
Logan Paul’s Previous CryptoZoo Compensation Plan Raises Doubts About Current Buy-Back
This is not the first time that Logan Paul has promised to compensate those who lost money in CryptoZoo. In early 2023, Paul unveiled a $1.3 million recovery plan for disappointed players of the game. However, it is unclear if any compensations were made as a result of his previous announcement. This has raised doubts about the current buy-back program and has led to skepticism among CryptoZoo investors.
In conclusion, Logan Paul’s buy-back plan for CryptoZoo NFTs has faced criticism from YouTuber Tom Kherkher, who has accused the influencer of making inaccurate statements and employing sneaky tactics. The buy-back program offers less compensation than expected and excludes ZOO token holders, further disappointing early supporters of CryptoZoo. One investor, who claims to be the largest ZOO token holder, expressed his dissatisfaction and threatened legal action against Paul. The doubts raised by Paul’s previous compensation plan have also cast doubt on the effectiveness of the current buy-back program.
Analyst comment
Overall, the news can be evaluated as negative. The market for CryptoZoo NFTs is likely to see decreased confidence and potential backlash due to Logan Paul’s criticized buy-back plan. Early supporters and ZOO token holders are likely to be dissatisfied with the offered compensation, leading to potential legal actions and further skepticism from investors.
