Eden Network Ceases Operations and Launches EDEN Token Buyback

BlockBeats reports that Eden Network, formerly known as Archer DAO, has halted its services immediately due to high operating costs and stiff MEV field competition, while launching a 2,000 ETH EDEN token buyback for non-US residents.

ETH

Summary

BlockBeats reported that Eden Network, previously known as Archer DAO, is shutting down its operations effective immediately due to high operating costs and stiff competition in the MEV field. The network is discontinuing its services and launching an EDEN token buyback program, exchanging 2,000 ETH at a fixed rate until September 30 (UTC) for non-US residents.

Terms & Concepts
  • EDEN Token: The native digital asset of Eden Network, subject to a scheduled buyback program at a fixed ETH exchange rate.
  • MEV: Maximal Extractable Value, which represents the potential profit from transaction reordering or inclusion by miners or validators.