Scorum was a 2017 Crypto ICO project that started out with high ambition to become a hub for sports and betting but already a long time ago it was clear that they went into the slow exit rugpoull mode which now has been completed as they closed things down.
The Slow Exit Rugpull
The problem with crypto is that many projects start out with high ambition and crazy goals which helped them to get big paydays from a token sale and a combination of lack of moitivation and a hard time to live up to the promises. They also can't call it quits from one day to another, so instead they go into "Slow-Exit-Scam-Mode" pretending they are still working and releasing minor updates or more empty promises to finally call it quts while getting away with it. This is the story of many tokens and now, finally after it was clear for the last 5+ years they ultimately pulled the rug by closing down the platform and shutting down their nodes.
4+ Years ago I wrote this in one of my Sports Betting Blockchain Projects updates (October 2021 Report)
Scorum and SCR really had a lot of promise with a very good looking Web3 Blogging site around Sports and an exchange which had zero fees and really worked well. However, the devs eigher never had a clue what needed to be done or simply didnt' have the interest or intention which ultimately led to the downfall and I'm glad this was one of the projects that I called quits a very long time ago selling all my coins while it was still possible.
They prettty much blame everyone but themselves while it was very clear that they simply had no real intention to build what they promised.
Conclusion!
The Slow Exit Rug Pull so something to really look out for in Crypto projects and scorum is one of the prime examples where it was clear a long time ago that it was not going to go anywhere with the existing devs. They are leaving things open for a community takeover but with only a handful delusional people left there is almost zero chance that this will happen. There were some fun times with this project especially when the exchange opened first but things eventually like most of these kinds of projects ended in a sad and scammy death.
