Teleport has announced its shutdown, citing financial challenges. Users can utilize off-ramping support until February 28 to access their remaining USDC stablecoin and manage private keys.
Founded in 2022 by Paul Bohm, Teleport aimed to revolutionize ride-sharing with decentralized models, while providing transparent marketplaces to reduce costs and support drivers.
The app utilized a unique reward system inspired by Bitcoin’s mining, granting early adopters Compressed NFTs on Solana for their participation. This model aimed to engage users through innovative marketing strategies.
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