Coinbase-Backed Roadmap Protocol Shuts Down, Burns 303 Million Tokens

Roadmap Protocol, backed by Coinbase, has announced that it will shut down and burn its tokens. The protocol's native token ROUTE will be completely destroyed as part of the shutdown process.

The shutdown is expected to take place in the coming days, with no exact date given. It is unclear what prompted the decision to close down the protocol.

Roadmap Protocol had previously stated its goal of making it easier for people to navigate DeFi (Decentralized Finance) applications. The protocol's token was listed on several major cryptocurrency exchanges, including Coinbase Pro.