CZ-Backed Cryptocurrency Project Shuts Down

ReachMe, the paid messaging platform running on BNB Chain, has announced that it has completely ceased operations. All of the platform’s services have been permanently shut down.

ReachMe has garnered significant attention for its use by Binance founder Changpeng Zhao (CZ). CZ previously charged ReachMe a fee of 1 BNB per message. This fee was later reduced to 0.8 BNB.

The announcement on the platform’s official website included the following statements:

The ReachMe service has been discontinued. Thank you for being a part of the ReachMe community. After a thorough evaluation process, we have decided to discontinue our service. We are grateful for the support of our users and the connections made through our platform.

The statement also stated that all services have been permanently closed, user data is being processed securely in accordance with the privacy policy, and any transactions or messaging are no longer possible.

In a recent statement, CZ admitted that the project he supported had failed and said that it is not possible to be successful all the time.

*This is not investment advice.