The decentralized market prediction Veil announced the closure of

Veil, an Ethereum platform, which is a decentralized prediction market, has reported a discontinuation.

The release of the site Veil was held in January of this year. Users had the opportunity to make predictions about the dynamics of digital assets, the power of the Ethereum network, etc. Since July 11, Veil has no opportunity to add new markets, the platform will finally cease operations on July 24th.

Paul Fletcher-Hill, co-founder of the Veil project, explained that he and his team believe that cryptocurrency and decentralization will have a significant impact on the future of humanity. However, today, according to him, the number of Veil users is very small, so it was decided to start developing more relevant tools and services. Among some other reasons that led to the decision to close Veil – the lack of regulation, the lack of an adequate level of decentralization, insufficiently friendly functionality in relation to beginners in the digital world, the desire to cover too wide a range of options.

Fletcher Hill advised Veil users to close active positions and withdraw funds from the site – they can be converted to ETH.